Two-Story Office
114 Old Bloomfield Ave #All, Parsippany, NJ 07054
For Sale
$999,000
The first floor is occupied by a real estate office under a month-to-month tenancy.
Property Size3,422 SF
Price / SF$291.93
Days on Market31
Property Features for 114 Old Bloomfield Ave #All
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Bhhs Jordan Baris Realty
(973) 994-1234
Listed By:
Bruce H Marcus
(973) 736-1600
Source:
Cammarotarealestate
Added: Oct 9
Changed: Nov 7
Last Checked: Nov 7 at 12:14PM
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 Bhhs Jordan Baris Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,422-square-foot office building was constructed in 1959 and has two floors. The first floor is occupied by a real estate office on a month-to-month basis; the second floor was previously used by a law firm.
The property is zoned Office.
The property is zoned Office.
Key Highlights
- 3,422‑square‑foot office building
- Built in 1959
- First‑floor real estate office tenant has a month‑to‑month tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,357
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,140
$1.0M
Cap Rate 7%
$747,957
$748.0K
Cap Rate 9%
$581,744
$581.7K
Market Conditions
NOI Build-Up for 3,422 SF
Gross rent
$102.7K $30.00/SF
− Vacancy
−$32.9K −$9.60/SF
EGI
$69.8K $20.40/SF
− OpEx
−$17.5K −$5.10/SF
NOI
$52.4K $15.30/SF
Area
Morris County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,047,140
Cap Rate 7%
$747,957
Cap Rate 9%
$581,744
Alternative Uses
Best Use
Office B
$748.0K
$654.5K – $872.6K
NOI $52,357 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$893.6K
$781.9K – $1.04M
NOI $62,549 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Explore this area
Business Placement
Demographics for 07054, NJ
30,228
Population
12,497
Households
2.4
Avg Household Size
41
Median Age
61%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,190
Density / Sq Mi
$107,955
Median Household Income
$69,061
Median Earnings
$1,725
Median Rent
$569,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Morris County, NJ
Properties on Market for Office buildings in Morris County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The first floor is occupied by a real estate office under a month-to-month tenancy.
Where is this office building located?
The property is located at 114 Old Bloomfield Ave #All Parsippany, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 3,422‑square‑foot office building; Built in 1959; First‑floor real estate office tenant has a month‑to‑month tenancy
