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Property profile & analytics
OFF-MARKET Estimated value $620,000
Office buildings

374 Speedwell Ave Morris Plains, NJ 07950-2124

2,528 SF 0.2 ac lot Built 1922
Individually Owned 5-yr Hold Free & Clear
Property ID
US59-0661392
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1922
Construction FRAME
Total area 2,528 SF
Lot 0.2 ac (8,886 SF)
Zoning code B-4
APN 23 00022-0000-00008
UPID US59-0661392
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
$640k
CAP Approach CAP
$635k
Comparable Approach Comparable
$674k
Blend (final) Blend
$620k
Owner & transaction history
Jong · 5 yrs held
Jong
since 2020
Last sale
$580,000
3 recorded transactions
2020
$580,000
2010
$432,500
2008
Price N/A
Zoning & alternative use
B-4 · Morris Plains, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Wall signs in the B-1, B-2, B-4 and B-5 Zones. A business establishment shall be permitted wall signs on each building wall of the establishment that faces on a street subject to the following conditions: (a) A business establishment shall be permitted only one wall sign on each wall of the establishment that faces on a street; provided, however, that on a b…

Zone name Business
General category COMMERCIAL
Zone area 14.12 ac
Top alternative use upside
Commercial (general) $615,000 +16.2%
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