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Property profile

4 Old Tpke Rd Morristown, NJ 07960

OFF-MARKET
Other commercial real estate
Property ID
US59-1750700
1,668 SF 0.53 ac lot Built 1997
Last sale Oct 2023 · $700,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Freestanding commercial building totaling approximately 1,668 square feet sits on a 0.53-acre site and includes 18 on-site parking spaces. The structure was used as a tea room and is served by municipal (city) water and sewer. The property is zoned to allow professional office and retail uses, supporting a range of permitted commercial occupancy as an owner-user or investor. It is located at 4 Old Turnpike Road in Morristown, approximately one mile from Morristown Hospital and about one mile from the train station.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$8k
Tax billed · 2022
Assessed value · 2023$400k
Assessed land$289k
Assessed improvement$111k
Effective rate1.95%

Value estimate

· Oct 2026
$805k
$725k – $886k
AI approach$815k
Submarket $/SF estimate$735k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$325/SF
ZIP average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$226 – $501
Qualifying comparables10

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?
B-11
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant19.4
Building Supply16.1
Auto Repair Shop14.5

Location

4 Old Tpke Rd Morristown, NJ 07960-6189
County assessor Recorded deeds · 1 transfer 10 qualifying comp sales 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
28 Dehart, Morristown, NJ 07960-5210 $925,000 Jul 2025 2,188 SF
74 Market, Morristown, NJ 07960-5125 $2,200,000 May 2025 1,447 SF
22 Maple, Morristown, NJ 07960-5452 $150,000 Dec 2024 3,839 SF
Martin Luther King, Morristown, NJ 07960 $1,250,000 Dec 2024 1,250 SF
114 Maple, Morristown, NJ 07960-8613 $799,999 Oct 2024 2,272 SF
26 Franklin, Morristown, NJ 07960 $1,900,000 Sep 2024 722 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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