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    959 Us Highway 46 Parsippany, NJ 07054

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    For Lease
    $18 SF/Yr ($17,712 /Mo)

    Office space with highway access and on-site amenities.

    Property size:
    11,336 SF
    Lot size:
    9.45 Acres

    Property Features for 959 Us Highway 46

    General Information

    Size
    11,336 SF
    Lot size
    9.45 Acres

    Source: CBRE | Saddle Brook Agent Peter Shikar

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

    Overview

    Parsippany Office Space Available

    This office space provides immediate access to Route 46, I-80, I-287, and I-280. It is located in close proximity to the Parsippany Hilton, Sheraton Tara, and Embassy Suites hotels, as well as several restaurants. The location is highly visible and offers 24-hour, 7-day access. On-site amenities include a full-service cafe, corporate catering, a tenant game room and lounge, and an on-site conferencing and training center. The building features a dramatic lobby with a two-story atrium, and the lobby and common areas have been recently renovated. A new outdoor plaza area has been added. On-site management is provided. Parking is available at a ratio of 5 spaces per 1000 square feet. NJ Transit bus service is available at the building, providing direct access to the Port Authority in New York City. The property has a two-story atrium.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Parsippany
    County
    Morris
    State
    New Jersey
    Longitude
    -74.381266
    Latitude
    40.86118

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    FAQs

    What type of property is this?
    Office space - Office space with highway access and on-site amenities.
    Where is this office space located?
    The property is located at 959 Us Highway 46 Parsippany, NJ.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Immediate access to major highways (Route 46, I-80, I-287, I-280).; - NJ Transit bus at building with direct access to Port Authority NYC.; - Enjoy the convenience of an on-site full-service cafe and corporate catering.
    (516) 946-0425
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    Parsippany, NJ 07054
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    Realmo Value Estimation

    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.

    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.

    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
    959 Us Highway 46 Parsippany, NJ 07054
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