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Property profile & analytics
FOR LEASE
Office buildings

55 Madison Ave 400 Morristown, NJ 07960

2.42 ac lot
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US59-1995296
Property summary
AI-generated overview

This Class A, 21,584 square foot office building in Morristown, NJ, offers a variety of workspace solutions. Located at 55 Madison Avenue, Suite 400, this property boasts 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are available. The building underwent renovations in 2019 and features elevators for convenient access. The property offers executive office suites, coworking spaces, and creative office options, catering to diverse business needs. Its convenient location provides easy access to major transportation routes, including fast train and road links to Newark International Airport and New York City. Enjoy a park-like setting with nearby amenities such as restaurants, shops, and entertainment in Morristown's town center, as well as biking and walking trails in surrounding parks. This exceptional property in Morris County, NJ (zip code 07960) includes a business lounge and video conferencing facilities, providing a complete and modern workspace experience. The building is ideal for businesses seeking a blend of professional ambiance and convenient access to urban and natural environments. This is a multiple tenancy building.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 2.42 ac (105,415 SF)
Zoning code OB
APN 24 06601-0000-00004
UPID US59-1995296
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Law Office of Blair R Zwillman Law Firm
  • Alitair Pharmaceuticals Factory Production Facility
  • Pharmaceutical Patent Attorneys, LLC Law Firm
  • Garden State Scientific, LLC Production Facility
  • LAW OFFICE OF JOSEPH D. CASTELLUCCI, JR., LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$680k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$680k
Owner & transaction history
Ahs Investment Corp · 7 yrs held
Ahs Investment Corp
since 2018
6 recorded transactions
2018
Price N/A
2015
$14.2M
2011
Price N/A
2007
$14.8M
2007
Price N/A
1969
Price N/A
Zoning & alternative use
OB · Morristown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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