Financial
Distress signals
Property profile

40 Morristown Rd Bernardsville, NJ 07924

FOR LEASE
Other commercial real estate
Property ID
US59-1065393
Last sale Dec 2019 · $2,735,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years.
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Property summary

AI-generated overview

This 2,069-square-foot office suite is located on the second floor of the Bernards Square Professional Building. The interior layout includes eight private offices, a conference room, a large common area, and a private bathroom, with additional public restrooms available in the corridor. The suite is equipped with central air conditioning, tile and carpet flooring, and a fire alarm system. Access is provided via interior passenger elevators, and the suite is handicapped accessible. The building

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

No data for this section
What does the county charge?

No tax or assessment record is on file for this parcel in the county feed.

Value estimate

· Sep 2026
$2.80M
$2.52M – $3.08M
NOI build-up
Gross scheduled income$62k
Vacancy & credit loss−$20k
Operating expenses−$11k
NOI · 791.40% cap applied$32k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$256/SF
County average, outlier-cleaned · 255 recorded sales of this use type
Observed band · Q1–Q3$161 – $386

Cap rate analysis

How does the asset earn?
791.40%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
D-CO
Downtown Corridor Subdistrict (D-Co). 1. Description and Intent. The Downtown Corridor subdistrict extends along Morristown Road east of ...
General categoryCIVIC_INSTITUTIONAL
JurisdictionSOMERSET

Location intelligence

Which uses thrive at this corner?
Best fit: Hotel & Motel
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hotel & Motel9.2
Wholesale Shop11.1
Auto Parts Store10.8

Location

40 Morristown Rd Bernardsville, NJ 07924
County assessor · not on file Recorded deeds · 3 transfers Comp sales · not on file 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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