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113 Washington St 1,115 SF 100% Leased Office Building Morristown, NJ 07960 $2,250,000 ($2,017.94/SF) 4.71% Cap Rate
Investment Highlights
- Rarely seen high end construction and finishes. 1 block to courthouse. 2 blocks to green and center of town.
Executive Summary
Luxury architect designed office with 2nd floor apt plus garage/carriage house with apartment.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
1,115 SF
Building Class
A
Year Built
2020
Price
$2,250,000
Price Per SF
$2,017.94
Cap Rate
4.71%
NOI
$106,071
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,115 SF
Building FAR
0.15
Lot Size
0.17 AC
Zoning
Office - General office, including medical office
Parking
5 Spaces (4.48 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 24-07901-0000-00018 | Improvements Assessment | $809,000 |
| Land Assessment | $285,300 | Total Assessment | $1,094,300 |
Property Taxes
Parcel Number
24-07901-0000-00018
Land Assessment
$285,300
Improvements Assessment
$809,000
Total Assessment
$1,094,300
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113 Washington St
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