Financial
Distress signals
Property profile

55 Madison Ave Unit 400 400 Morristown, NJ 07960

FOR LEASE
Office buildings
Property ID
US59-1995296
2.42 ac lot
Last sale Jun 2015 · $14,175,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 55 Madison Avenue in historic Morristown is a modern office and coworking center situated in a park-like setting, offering fast connectivity to New York. It includes a business lounge designed for drop-in use and video conferencing facilities, along with office accommodations that can be private and fully furnished and equipped for individuals or companies. The center provides a range of space types, including serviced and custom offices, as well as disaster recovery spaces and

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

What does the county charge?
$284k
Tax billed · 2022
Assessed value$9.50M
Assessed land$2.15M
Assessed improvement$7.35M
Effective rate2.99%

Value estimate

· Sep 2026
$680k
$612k – $748k
AI approach$680k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$209/SF
County average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$170 – $267

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?
OB
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant13.1
Hair Salon12.8
Nail Salon11.7

Location

55 Madison Ave Unit 400, Unit 400 Morristown, NJ 07960
County assessor Recorded deeds · 6 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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