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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Commercial real estate
770 Speedwell Ave Morris Plains, NJ 07950-2258
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-3066986
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1920
Total area
5,820 SF
Lot
0.21 ac (9,017 SF)
Zoning code
B-1
APN
23 00063-0000-00018
UPID
US59-3066986
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$590k
Owner & transaction history
770 Speedwell Ave LLC · 5 yrs held
770 Speedwell Ave LLC
since 2021
7 recorded transactions
Zoning & alternative use
B-1 · Morris Plains, 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 Morris Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morris Plains 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
by Request
ML approach
$440,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
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
$101 / 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
$25,425
Tax year 2022
Assessed value
$1,025,600
Assessed 2023
Previous assessed
$1,025,600
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$349,300
Assessed improvement
$676,300
Land market value
$349,300
Improvement market value
$676,300
Total market value
$1,025,600
Applied tax rate
23.0000
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
1920
Heating
NONE
Units
5
Total area
5,820 SF
Lot
0.21 ac (9,017 SF)
Zoning code
B-1
APN
23 00063-0000-00018
UPID
US59-3066986
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Morris Plains, NJ
Zoning B-1 · permitted uses
B-1 · Morris Plains, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morris Plains. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Units
5
Lot
0.21 ac
Current owner
From public records · entity-resolved
770 Speedwell Ave LLC
Entity
Mailing address
16 STARK DR, MORRISTOWN, NJ 07960-6738
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
770 Speedwell Ave LLC
—
Deed
related
$661,500 · Freedom Bank
Mar 31, 2021
—
770 Speedwell Ave LLC
Baldo J Dattolo
Deed
$1,400,000 · Freedom Bank
Jun 5, 2006
$550,000
Baldo J Dattolo
Dattolo,vincent & Christiana
Grant Deed
related
$700,000 · Skylands Community Bank
Jul 26, 1996
$315,000
Vincent Dattolo
Properity,fdr
Grant Deed
$220,500 · First Morris Bank
Jul 26, 1988
$462,000
F D R Properties INC
Unknown
Grant Deed
—
—
—
Baldo J Dattolo
—
Deed Of Trust
related
$425,000 · First Morris Bank
—
—
Baldo J Dattolo
—
Deed Of Trust
related
$220,500 · First Morris Bank
—
—
Baldo J Dattolo
—
Deed Of Trust
related
$330,540 · Empire St Certified Dev
—
—
Baldo Dattolo
—
Deed Of Trust
related
$200,000 · Professional Restaurant Consul
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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