285 SpeedwellMorris Plains, NJ 07950

  • Retail properties
  • 0.34 AC
Off market
$786,500 Estimated

Property Details for 285 Speedwell

Lot size
0.34 AC
Zone code
B-2
Property type
Retail properties
Property subtype
Gas stations
APN
23 00023-0000-00001- 03
APU
230002300000000103

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,018,226
    6.5%
    $3,709,132
    7%
    $3,444,194
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,940,670
    Geo Method
    $4,934,009
  • Alternative Use

    Use
    Valuation
    Residential
    $3,128,792
    Hospitality
    $2,865,956
    Educational
    $2,384,442
    Medical
    $2,466,447
    Retail
    $3,709,132
285 Speedwell, Morris Plains, New Jersey

Location Insight

City
Morris Plains
County
Morris
State
New Jersey
Latitude
40.8221
Longitude
-74.4809
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $100,000
  • Assessed land value
    $550,000
  • Assessed value
    $650,000
  • Tax year
    2023
  • Tax bill
    $16,244

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