Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    600 Parsippany Rd Parsippany, NJ 07054

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for lease in Parsippany, New Jersey.

    Property size:
    5,429 SF
    Lot size:
    8.37 Acres

    Property Features for 600 Parsippany Rd

    General Information

    Size
    5,429 SF
    Lot size
    8.37 Acres

    We can help!

    Listing Contact
    Alex Friedenberg
    Alex Friedenberg
    Source: Moodyscre

    Listing Agency: JLL | Parsippany Listing Agent: Alex Friedenberg

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

    Learn more

    Property Insight Report

    Overview

    Parsippany Office Space For Lease

    Office space is available for lease at 600 Parsippany Rd, Parsippany, New Jersey 07054. The available square footage ranges from 2,305 to 18,000 square feet. The property features a renovated lobby and common areas, along with a full-service cafeteria that includes an outdoor seating area. The location provides immediate access to Interstates 287, 80, and 280, as well as Routes 10, 202, and 46. The property benefits from stable and reputable ownership.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mack-Cali Realty Corporation Real Estate Agency Sonneborn LLC Industrial Manufacturer IBM (Bike/Boat/Book/etc) Store Growth Planning Inc Financial Advisor Frank Z. Levine, ... Financial Advisor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Parsippany
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4255665
    Latitude
    40.8475501

    Nearby Similar for Lease

    • Contact for pricing
      70,567 SF

      Parsippany-Troy Hills Office Suite

      Executive office suite with highway access and ample parking.
      140 Littleton Rd, Parsippany, NJ 07054
      View Details
    • $5,000 /Mo
      5,000 SF

      Parsippany Warehouse with Garage Doors

      5,000 sqft warehouse with two overhead garage doors.
      755 S Beverwyck Rd, Parsippany, NJ 07054
      View Details
    • $2,600 /Mo
      30,928 SF

      Mountain Lakes Boro Office Space

      Lower level office space with conference area and private offices.
      Lakes Boro Mtn, Parsippany, NJ 07054
      View Details
    • $750 /Mo

      Mountain Lakes Boro Office Space

      One-room office space available in professional building, Mountain Lakes Boro.
      Lakes Boro Mtn, Parsippany, NJ 07054
      View Details
    • $400 /Mo

      Office Space in Mountain Lakes

      One-room office space available in a professional building for rent.
      Lakes Boro Mtn, Parsippany, NJ 07054
      View Details
    • Sponsored
      New
      Contact for pricing

      NJ, Parsippany - Rt 10

      Discover many ways to work your way in NJ, Parsippany - Rt 10
      1719 Nj-10, Parsippany, NJ 07054
      View Details
    • Sponsored
      New
      Contact for pricing

      Parisipanny

      Discover many ways to work your way in 445 Park Avenue
      2001 Parsippany New Jersey United States Of America 07054, Parsippany Troy Hills, NJ 07054
      View Details
    • $850 /Mo

      Parsippany Office Space Available

      Two office spaces available for rent in Parsippany, NJ.
      959 Route 46, Parsippany, NJ 07054
      View Details
    • Contact for pricing

      Class A Office Space

      Highly accessible office space near major routes and amenities.
      35 Waterview Blvd, Parsippany, NJ 07054
      View Details
    • $1,800 /Mo

      Therapy/Salon Space in Parsippany

      800 SF space in Envy Sports Club and Pools.
      199 Smith Rd, Parsippany, NJ 07054
      View Details
    • Contact for pricing
      33,817 SF

      Class A Office Park

      544,000 SF office park with amenities and highway access.
      1 Upper Pond Rd, Parsippany Troy Hills, NJ 07054
      View Details
    • $20 SF/Yr

      Parsippany Medical Office Space Available

      Medical office space for lease in Parsippany, New Jersey.
      3699 Route 46, Parsippany, NJ 07054
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for lease in Parsippany, New Jersey.
    Where is this office units located?
    The property is located at 600 Parsippany Rd Parsippany, NJ.
    What are key features of this property?
    This property features: - Immediate access to Interstates 287, 80 & 280 and Routes 10, 202 & 46; - Available square footage **2,305 - 18,000 sf**; - Renovated lobby and common areas
    (973) 829-4800 Call to check price and availability
    Request Owner's contact information
    600 Parsippany Rd Parsippany, NJ 07054
    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.
    600 Parsippany Rd
    Parsippany, NJ 07054
    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
    600 Parsippany Rd Parsippany, NJ 07054
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Friedenberg
    Alex Friedenberg
    Real Estate License ID: 2183102
    (973) 829-4800 (908) 531-0089
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!