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    361 Speedwell Ave Morris Plains, NJ 07950-2136
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    Property profile & analytics

    361 Speedwell Ave, Morris Plains, NJ 07950-2136

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    • Commercial real estate
    • 12,234 SF
    • 2.86 lot acres
    Off-Market
    Property ID
    US59-1234602
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,110,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 361 Speedwell Ave

    Year built
    1915
    Construction
    FRAME
    Lot size
    2.86 lot acres
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    23 00023-0000-00001
    APU
    2300023000000001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 10, 2024 — Shp Vi Morris Plains LLC — Deed · related —
    Aug 21, 2019 $38,261,335 Shp Vi Morris Plains LLC Csh Morris Plains LLC Deed $91.4M · Bmo Harris Bank NA
    Jan 5, 2016 — Csh Morris Plains LLC — Trustees Deed · related $15.7M · Wells Fargo Bk
    Oct 30, 2015 — Csh Morris Plains LLC Csh Morris Plains LLC Quit Claim Deed · related —
    Oct 28, 2015 $3,388,600 Csh Morris Plains LLC Innto Ptshp Grant Deed —
    Oct 18, 2006 $1 Innto Partnership The Inn Partnership Grant Deed $500k · First Morris Bank
    — — Innto Ptshp — Deed Of Trust · related $1.5M · John Post
    — — Jeffrey Morris — Deed Of Trust · related $150k · Pnc Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $1,495,000
      6.5%
      $1,380,000
      7%
      $1,285,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,998,000
      Market price range: $869k - $2.00M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,975,000
      Current use
      OFFICE BUILDING
      $2,560,000
      Change: -14% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Morris Plains
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4799
    Latitude
    40.823
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $438,039
    $3,400,000
    $14,270,000
    $17,670,000
    -
    $3,400,000
    $14,270,000
    $17,670,000
    More about this property
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