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Property profile & analytics
OFF-MARKET Estimated value $545,000
Banks

3010 State Rte 10 Morris Plains, NJ 07950-3421

3,473 SF 1.71 ac lot Built 1970
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US59-1670000
Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1970
Construction BRICK
Total area 3,473 SF
Lot 1.71 ac (74,313 SF)
Zoning code R-1
APN 08 31501-0000-00004
UPID US59-1670000
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
$603k
Blend (final) Blend
$545k
Owner & transaction history
Leonard Realty Holdings LLC · 8 yrs held
Leonard Realty Holdings LLC
since 2017
5 recorded transactions
2017
$950,000
2006
$1
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R-1 · Morris Plains, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Residential cluster development in the R-1 Zone. In a residential subdivision in the R-1 Residence Zone the minimum lot area may be reduced to not less than that specified in Schedule D [5] for a clustered lot, provided that all of the following requirements are met: (12.1) The subdivision development plan will not result in a greater dwelling unit density t…

Zone name Residence
General category RESIDENTIAL
Zone area 92.41 ac
Top alternative use upside
Office building $605,000 +9.6%
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