Realmo Analytics

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Property profile

5 Budd St Morristown, NJ 07960

FOR SALE
Commercial real estate
Property ID
US59-1138963
936 SF 0.05 ac lot
Last sale Jun 2014 · $267,750
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

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?
$7k
Tax billed · 2022
Assessed value · 2023$243k
Assessed land$137k
Assessed improvement$106k
Effective rate2.99%

Value estimate

· Oct 2026
$310k
$279k – $341k
AI approach$310k
NOI build-up
Gross scheduled income$28k
Vacancy & credit loss−$9k
Operating expenses−$5k
NOI · 2.61% cap applied$14k

Realmo valuation models over county records and 5 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 comparables5

Cap rate analysis

How does the asset earn?
2.61%
$14k 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?
ORC
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center9.8
Tailor Shop9.7
Shoe Repair8.7

Location

5 Budd St Morristown, NJ 07960
County assessor Recorded deeds · 2 transfers 5 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
15 Maple, Morristown, NJ 07960 $670,000 Jan 2025 646 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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