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Property profile

62 Morristown Rd Bernardsville, NJ 07924

OFF-MARKET
Commercial real estate
Property ID
US59-1055935
3,110 SF 0.66 ac lot
Last sale Feb 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 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?
$19k
Tax billed · 2022
Assessed value · 2023$935k
Assessed land$530k
Assessed improvement$405k
Effective rate2.00%

Value estimate

· Oct 2026
$660k
$594k – $726k
AI approach$410k
CAP approach$805k
Submarket $/SF estimate$451k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$256/SF
County average, outlier-cleaned · 255 recorded sales of this use type
Observed band · Q1–Q3$161 – $386
Qualifying comparables7

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?
D-CO
Downtown Corridor Subdistrict (D-Co). 1. Description and Intent. The Downtown Corridor subdistrict extends along Morristown Road east of ...
General categoryCIVIC_INSTITUTIONAL
JurisdictionSOMERSET

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop18.9
Auto Parts Store16.8
Building Supply16.6

Location

62 Morristown Rd Bernardsville, NJ 07924-2305
County assessor Recorded deeds · 1 transfer 7 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
55 Mine Brk, Bernardsville, NJ 07924-2430 $960,000 Nov 2023 3,550 SF
53 Morristown, Bernardsville, NJ 07924-2336 $675,000 Mar 2023 2,812 SF
35 Ml, Bernardsville, NJ 07924-2250 $365,000 Nov 2021 3,297 SF
25 Claremont, Bernardsville, NJ 07924-2225 $675,000 Nov 2020 2,408 SF
127 Claremont, Bernardsville, NJ 07924-1852 $450,000 Aug 2019 3,918 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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