150 Morristown RdBernardsville, NJ 07924

Property Details for 150 Morristown Rd

Lot size

3.05 AC

Zone code

D-G

Property type

Office properties

Property subtype

Office buildings

APN

03 00062-0000-00004- 03

APU

30006200000000403

Description

This exceptional two-story office building, totaling 56,000 square feet, offers a variety of flexible spaces ideal for businesses seeking a prestigious location. Three spaces are currently available, ranging from 3,000 to 8,547 contiguous square feet, with a total of 11,547 square feet currently vacant. The building boasts a striking architectural design featuring a curtain wall of buff-colored aluminum panels, bronze-tinted windows, and a two-story glass atrium entrance with ample seating. Situated on 3.053 landscaped acres, including a natural pond, the property provides a tranquil and attractive setting. A 2007 renovation encompassed new HVAC systems, bathrooms, landscaping, parking lot sealing, and updated common areas with new paint, wood, carpet, and wall coverings. The lobby features architecturally detailed furnishings, skylights, and recessed and pendant lighting. Elevators include recessed lighting and cherry wood paneling, while restrooms feature ceramic tile, polished Corian counters, and acoustic tile ceilings. Conveniently located near I-78 and I-287, this property offers easy access to New Jersey Transit, local amenities, and numerous restaurants. The building's design and recent renovations create a modern and comfortable workspace, perfect for companies seeking office suites of various sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $24,230,684

  6.5%

  $22,366,786

  7%

  $20,769,158

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,382,614

  Geo Method

  $17,359,226

• Alternative Use

  Use

  Valuation

  Residential

  $27,734,814

  Hospitality

  $25,404,940

  Educational

  $21,136,612

  Medical

  $21,863,532

  Retail

  $32,879,174

Location Insight

City

Bernardsville

County

Somerset

State

New Jersey

Latitude

40.7212

Longitude

-74.5572

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].