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Property profile & analytics
OFF-MARKET Estimated value $610,000
Commercial real estate

40-42 Quimby Ln 42 Bernardsville, NJ 07924-2279

2,550 SF 0.46 ac lot
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US59-0989282
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 2,550 SF
Lot 0.46 ac (20,038 SF)
Zoning code D-CO
APN 03 00071-0000-00008
UPID US59-0989282
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
$400k
CAP Approach CAP
$660k
Comparable Approach Comparable
$436k
Blend (final) Blend
$610k
Owner & transaction history
QUIMBY LANE REALTY LLC
QUIMBY LANE REALTY LLC
Zoning & alternative use
D-CO · Bernardsville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Downtown Corridor Subdistrict (D-Co). 1. Description and Intent. The Downtown Corridor subdistrict extends along Morristown Road east of the core and serves as a portion of the eastern gateway into Bernardsville. The area has a more auto-dependent character than other subdistricts. The intent is to limit the future expansion of this character while recognizi…

Zone name Downtown Corridor Subdistrict
General category CIVIC_INSTITUTIONAL
Zone area 27.67 ac
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