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Property profile & analytics
FOR LEASE
Commercial real estate
310 Madison Ave Morristown, NJ 07960
Entity Owned
15-yr Hold
Free & Clear
Property ID
US59-1535578
For Lease
1 / 2
Contact for pricing
310 Madison Ave, Morristown, NJ 07960
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1986
Total area
58,209 SF
Lot
4.5 ac (196,020 SF)
Zoning code
OL-5
APN
22 08402-0000-00007
UPID
US59-1535578
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
Current use
Occupant on record · Public records
-
Aesthetic Smiles of New Jersey Dental Office
-
Edward A. Romano DDS Dental Office
-
Robert Bizzarro DMD Dental Office
-
Rangel Dental Dental Office
-
Thomas J Emmer, DDS, PA Dental Office Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
310 Madison Prof Ctr LLC · 15 yrs held
310 Madison Prof Ctr LLC
since 2011
Last sale
$13.2M
3 recorded transactions
Zoning & alternative use
OL-5 · Morristown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$166,357
Tax year 2022
Assessed value
$8,518,000
Assessed 2023
Previous assessed
$8,518,000
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$2,250,000
Assessed improvement
$6,268,000
Land market value
$2,250,000
Improvement market value
$6,268,000
Total market value
$8,518,000
Applied tax rate
22.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1986
Heating
NONE
Stories
3
Units
1
Total area
58,209 SF
Lot
4.5 ac (196,020 SF)
Zoning code
OL-5
APN
22 08402-0000-00007
UPID
US59-1535578
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
OL-5 · Morristown, NJ
Zoning OL-5 · permitted uses
OL-5 · Morristown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morristown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
3
Units
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
310 Madison Prof Ctr LLC
Entity
Free & Clear · 15 yrs held
Mailing address
195 MORRISTOWN RD, BASKING RIDGE, NJ 07920-1650
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2011
$6,600,000
310 Madison Prof Ctr LLC
Arg At 310 Madison LLC
Grant Deed
—
May 9, 2006
$1
Township Of Morris
Arg At 310 Madison LLC
Grant Deed
related
—
—
—
Arc At 310 Madison LLC
—
Deed Of Trust
related
$80,000 · Commerce Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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