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Property profile

40 Morristown Rd Bernardsville, NJ 07924

OFF-MARKET
Other commercial real estate
Property ID
US59-2063846
14,680 SF 1.25 ac lot
Last sale Dec 2012 · $3,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This second-floor office suite is located in the Bernards Square Professional Building in downtown Bernardsville’s business district and comprises 2,069 square feet. The layout includes a large common area, eight private offices, a conference room, and a private bathroom, with additional public bathrooms provided in the hall. The building is handicapped accessible and served by interior passenger elevators. The property includes a shared parking lot and is situated in Bernardsville Borough, New…

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?
$58k
Tax billed · 2022
Assessed value · 2023$2.84M
Assessed land$998k
Assessed improvement$1.84M
Effective rate2.03%

Value estimate

· Oct 2026
$2.19M
$1.97M – $2.40M
Submarket $/SF estimate$2.99M

Realmo valuation models over county records and 21 qualifying comparable sales.

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
Qualifying comparables21

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?
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: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop18.9
Auto Parts Store16.8
Building Supply16.6

Location

40 Morristown Rd Bernardsville, NJ 07924-2310
County assessor Recorded deeds · 4 transfers 21 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
55 Mine Brk, Bernardsville, NJ 07924-2430 $960,000 Nov 2023 3,550 SF
16 Mine Brk, Bernardsville, NJ 07924-2429 $987,000 Jul 2020 8,760 SF
165 Morristown, Bernardsville, NJ 07924-2628 $1,350,000 Jan 2020 5,367 SF
11 Olcott, Bernardsville, NJ 07924-2317 $3,525,000 Aug 2019 6,705 SF
127 Claremont, Bernardsville, NJ 07924-1852 $450,000 Aug 2019 3,918 SF
33 Claremont, Bernardsville, NJ 07924 $700,000 Dec 2018 4,885 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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