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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Commercial real estate
60 Maple Ave Morristown, NJ 07960-5218
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1844480
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1876
Construction
FRAME
Total area
4,598 SF
Lot
0.43 ac (18,692 SF)
Zoning code
ORC
APN
24 06102-0000-00007
UPID
US59-1844480
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
-
Sullivan & Graber Law Firm
-
James F. Sullivan, PC Law Firm
-
Befeler Lee Scott Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.95M
Owner & transaction history
Sixty Mapleluxe LLC · 2 yrs held
Sixty Mapleluxe LLC
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
ORC · Morristown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,950,000
ML approach
$1,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10% · vs last sale $1.95M (Jun 14 2024)
Last sale anchor
$1.95M
Jun 14 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$424 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$21,933
Tax year 2022
Assessed value
$732,800
Assessed 2023
Previous assessed
$732,800
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$552,000
Assessed improvement
$180,800
Land market value
$552,000
Improvement market value
$180,800
Total market value
$732,800
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1876
Construction
FRAME
Heating
NONE
Stories
3
Total area
4,598 SF
Lot
0.43 ac (18,692 SF)
Zoning code
ORC
APN
24 06102-0000-00007
UPID
US59-1844480
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
ORC · Morristown, NJ
Zoning ORC · permitted uses
ORC · Morristown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morristown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1876
Construction
FRAME
Heating
NONE
Stories
3
Lot
0.43 ac
Current owner
From public records · entity-resolved
Sixty Mapleluxe LLC
Entity
Mailing address
60 MAPLE AVE, MORRISTOWN, NJ 07960-5218
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
$1,950,000
Sixty Mapleluxe LLC
60 Maple Ave Realty LLC
Deed
—
Jun 14, 2024
—
James Sullivan
James Sullivan
Correction Deed
related
—
Dec 14, 2016
—
60 Maple Ave Realty LLC
—
Deed
related
$250,000 · Connectone Bank
May 13, 2011
—
James F Sullivan
—
Trustees Deed
related
$25,000 · Provident Savings Bank
Jun 9, 2008
—
60 Maple Ave Realty LLC
Sullivan,james F
Trustees Deed
—
—
—
James F Sullivan
—
Deed Of Trust
related
$100,000 · First Morris Bank
—
—
James F Sullivan
—
Deed Of Trust
related
$558,635 · First Morris Bank
—
—
James F Sullivan
—
Deed Of Trust
related
$330,000 · First Morris Bank
—
—
Sullivan Pa
—
Deed Of Trust
related
$533,000 · Provident Savings Bank
—
—
60 Maple Ave Realty LLC
—
Deed Of Trust
related
$625,000 · Provident Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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