Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

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.
Saved · see the list in your Dashboard
Market Trends Soon

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?

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

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

· Oct 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: 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
County assessor · not on file Recorded deeds · 3 transfers Qualifying 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 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
134 Morristown, Bernardsville, NJ 07924-2600 $2,000,000 Jun 2025 1,884 SF
99 Claremont, Bernardsville, NJ 07924-2232 $380,000 Feb 2025 1,980 SF
91 Mine Brk, Bernardsville, NJ 07924-2430 $1,170,000 Jan 2025 No data
106 Mine Brk Rd, Bernardsville, NJ 07924-2486 $1,920,300 Dec 2024 No data
55 Mine Brk, Bernardsville, NJ 07924-2430 $960,000 Nov 2023 3,550 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
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved