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Property profile & analytics
OFF-MARKET Estimated value $660,000
Commercial real estate

62 Morristown Rd Bernardsville, NJ 07924-2305

3,110 SF 0.66 ac lot
Entity Owned 6-yr Hold Free & Clear
Property ID
US59-1055935
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 3,110 SF
Lot 0.66 ac (28,750 SF)
Zoning code D-CO
APN 03 00067-0000-00009
UPID US59-1055935
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 KCS Team Real Estate Agency
  • Weichert, Realtors Real Estate Agency
  • The Bednarski Group at Weichert Real Estate Agency
  • Jim Hoagland, Weichert Realtors Real Estate Agency
  • Amy Miller - ®Realtor - Weichert Realtors Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
$805k
Comparable Approach Comparable
$451k
Blend (final) Blend
$660k
Owner & transaction history
62 Morristown Road LLC · 6 yrs held
62 Morristown Road LLC
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
D-CO · Bernardsville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Downtown Corridor Subdistrict (D-Co). 1. Description and Intent. The Downtown Corridor subdistrict extends along Morristown Road east of the core and serves as a portion of the eastern gateway into Bernardsville. The area has a more auto-dependent character than other subdistricts. The intent is to limit the future expansion of this character while recognizi…

Zone name Downtown Corridor Subdistrict
General category CIVIC_INSTITUTIONAL
Zone area 27.67 ac
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