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    Property profile & analytics

    79 Morristown Rd Bernardsville, NJ 07924-2336

    • Commercial real estate
    • 6,441 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US59-1851416
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Adelphia Wine Market / Wine Store

    Property Details for 79 Morristown Rd

    Construction
    BRICK
    Lot size
    0.43 lot acres
    Property size
    6,441 SF
    Zone code
    DCOR
    Property type
    Commercial real estate
    APN
    03 00125-0000-00016
    APU
    300125000000016

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bernardsville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5632
    Latitude
    40.719
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $31,046
    $685,900
    $880,100
    $1,566,000
    -
    $685,900
    $880,100
    $1,566,000

    Comparable in this City

    • Value Estimation by Request
      10,378 SF

      47 Mine Brk Rd

      COMMERCIAL (GENERAL) • 10,378 SF
      47 Mine Brk Rd, Bernardsville, NJ 07924-2430
      View Details
    • Value Estimation by Request

      Church St

      COMMERCIAL (GENERAL)
      Church St, Bernardsville, NJ 07924
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    • Value Estimation by Request
      5,703 SF

      4 Ctr St

      COMMERCIAL (GENERAL) • 5,703 SF
      4 Ctr St, Bernardsville, NJ 07924-2469
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    • Value Estimation by Request
      0.51 Acres

      4 Essex Ave

      COMMERCIAL (GENERAL) • 0.51 Acres
      4 Essex Ave, Bernardsville, NJ 07924-2265
      View Details
    • Value Estimation by Request
      8,096 SF

      45 Mine Brk Rd

      COMMERCIAL (GENERAL) • 8,096 SF
      45 Mine Brk Rd, Bernardsville, NJ 07924-2400
      View Details
    • Value Estimation by Request
      2,420 SF

      108 Morristown Rd

      COMMERCIAL (GENERAL) • 2,420 SF
      108 Morristown Rd, Bernardsville, NJ 07924-2339
      View Details

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      Scenic Bernardsville Mountain Lot

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      9,583 SF

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      Retail/office building and adjacent land in Bernardsville's commercial district.
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    Similar Nearby for Lease

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      37,060 SF

      Bernardsville Retail/Office Space Available

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      24 Claremont Rd, Bernardsville, NJ 07924
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    • $23 SF/Yr
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      Bernardsville Retail Space For Lease

      1,925 SF retail space in downtown Bernardsville.
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    • Contact for pricing
      1,800 SF

      Mixed-Use Retail/Office Building

      37,000 SF mixed-use building near train station.
      4 Essex Ave, Bernardsville, NJ 07924
      View Details
    • $4,000 /Mo
      14,680 SF

      Bernardsville Office Space For Rent

      Second-floor office space in downtown Bernardsville's business district.
      40 Morristown Rd, Bernardsville, NJ 07924
      View Details
    • $24 SF/Yr
      56,000 SF

      Morristown Office Space Available

      Flexible Suites, Prime Location
      150 Morristown Rd, Bernardsville, NJ 07924
      View Details

    Property Visit Statistics

    • Visits by month
      4.5k
    • Visitors by month
      2.4k
    • Avg Time on site
      8 min
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    79 Morristown Rd
    Bernardsville, NJ 07924-2336
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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