Financial
Distress signals
Property profile

28 W Park Pl Morristown, NJ 07960

FOR SALE
Banks
Property ID
US59-1661958
7,776 SF 0.05 ac lot
Last sale Jan 2019 · $1,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a second-floor commercial suite within a three-story brick masonry building located at 28 West Park Place in the Central Business District. The site is identified as a non-flood zone property and sits on a 0.054-acre lot. The suite is configured for either professional office use or retail/service use under CBD zoning, supporting a storefront-adjacent layout. The building is positioned directly on the historic Morristown Green, providing a high-visibility address with pedestrian-oriented access from a major public space.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$15k
Tax billed · 2022
Assessed value · 2023$500k
Assessed land$285k
Assessed improvement$215k
Effective rate2.99%

Value estimate

· Sep 2026
$425k
$383k – $468k
AI approach$425k
Submarket $/SF estimate$667k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CBD
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.9
Shoe Repair8.7
Storage Facility8.3

Location

28 W Park Pl Morristown, NJ 07960
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 10 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
186 Ss, Morristown, NJ 07960 $2,600,000 Dec 2024 2,916 SF
1098 Mt Kemble, Morristown, NJ 07960-8010 $2,600,000 Mar 2024 11,200 SF
89 Ridgedale, Morristown, NJ 07960 $1,975,000 Jan 2024 4,996 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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