Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Class A Office Park Title is generated by Realmo AI

    1 Upper Pond Road, Parsippany Troy Hills, NJ 07054

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    544,000 SF office park with amenities and highway access.

    Type:Office
    Property size:
    33,817 SF
    Added:
    Dec 3, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 5 at 10:14 pm

    Property Features for 1 Upper Pond Road

    General Information

    Standard status
    Active
    Size
    33,817 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Sean Morley
    Sean Morley

    Listing agent Sean Morley

    Listing office CBRE | Saddle Brook

    Listing date Dec 3, 2025

    Source Cbre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Saddle Brook

    HighLights

    • Superb access and high visibility due to proximity to Interstate Routes 80 and 287, as well as Routes 46 and 202.
    • 544,000 SF Class A office space suitable for a corporate headquarters environment.
    • Benefit from on‑site amenities including two full‑service cafeterias, a conference center, and a fitness center.
    • Recent $3 million investment in amenity renovations (2015).
    • Enjoy outdoor amenities including eating areas, private corner balconies, and a 1.5‑mile jogging/walking trail.
    • Beautifully landscaped campus.

    Overview

    Morris Corporate Center 1&2 is a 544,000 square foot Class A office park situated on a landscaped campus. The property offers accessibility and visibility for corporate tenants, along with amenities within the complex and in the surrounding area. Amenities include two full-service cafeterias, a conference center, a fitness center, outdoor eating areas, private corner balconies, and a 1.5-mile jogging/walking trail. In 2015, ownership invested $3 million in amenity renovations. The property is located near the four-way interchange of Interstate Routes 80 and 287, with access to Routes 46 and 202. Morris Corporate Center 1&2 provides features consistent with a corporate headquarters environment. The property size available for rent is 33,817 square feet and is located in Parsippany-Troy Hills, NJ.
    Property Profile Location Intelligence

    Current Use by Public Records

    Edenbridge Pharmaceuticals Factory INTTRA (Bike/Boat/Book/etc) Store ChargePoint Charging Station Electric Vehicle Charging Station Post Foods LLC Corporate Office York Risk Services ... Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parsippany Troy Hills
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4469
    Latitude
    40.8707

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Parisipanny

      2001 Parsippany New Jersey United States Of America 07054, Parsippany Troy Hills, NJ 07054
      View Details
    • $18 SF/Yr
      5,867 SF

      Parsippany-Troy Hills Office Space

      Three-story, 39,000 SF office building for lease.
      3799 Route 46, Parsippany-Troy Hills, NJ, 07054
      View Details
    • $25 SF/Yr
      1,587 SF

      Modern Office Space in Parsippany

      Updated office space with amenities and convenient highway access.
      6 Century Dr, Parsippany-Troy Hills, NJ
      View Details
    • Contact for pricing

      Parsippany Office Space Available

      Office space for rent in a highly amenitized Parsippany building.
      379 Interpace Parkway, Parsippany-Troy Hills, NJ 07054
      View Details
    • Contact for pricing

      Parsippany Road Office Space

      Office space available for rent in Parsippany-Troy Hills, NJ.
      50 Parsippany Road, Parsippany-Troy Hills, NJ, 07054
      View Details
    • Contact for pricing
      21,424 SF

      Parsippany Office Space Available

      Office space available in a highly amenitized Parsippany building.
      369 Interpace Pkwy, Parsippany-Troy Hills, NJ
      View Details
    • Contact for pricing
      12,461 SF

      Parsippany Office Space For Lease

      Office space available for lease in Parsippany, New Jersey.
      7 Sylvan Way, Parsippany-Troy Hills, NJ
      View Details
    • $21 SF/Yr
      54,619 SF

      Parsippany Commons Office Space

      Professional, dental, and medical offices for rent in Morris County.
      3219 US-46, Parsippany-Troy Hills, NJ 07054
      View Details

    FAQs

    What type of property is this?
    Office building - 544,000 SF office park with amenities and highway access.
    Where is this office building located?
    The property is located at 1 Upper Pond Road Parsippany Troy Hills, NJ.
    What are key features of this property?
    This property features: Superb access and high visibility due to proximity to Interstate Routes 80 and 287, as well as Routes 46 and 202.; 544,000 SF Class A office space suitable for a corporate headquarters environment.; Benefit from on‑site amenities including two full‑service cafeterias, a conference center, and a fitness center.
    (201) 712-5662
    We can help!
    Listing Contact
    Sean Morley
    Sean Morley
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1 Upper Pond Road, Parsippany-Troy Hills, NJ, 07054
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!