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    5 Woodhollow Rd Parsippany, NJ 07054

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    For Lease
    $26 SF/Yr ($5,534 /Mo)

    LEED-certified office building with modern amenities and excellent highway access.

    Property size:
    2,506 SF
    Lot size:
    22.91 Acres

    Property Features for 5 Woodhollow Rd

    General Information

    Size
    2,506 SF
    Lot size
    22.91 Acres

    Source: CBRE | Saddle Brook Agent Daniel "Dan" Casey, III

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

    Overview

    Spacious Parsippany Office Building

    This 330,631 square-foot office building is situated on a 23-acre site. The property features a dramatic three-story atrium lobby with second and third-floor balcony lobbies. The building offers 1,240 surface parking spaces. Ceiling heights reach 14 feet 6 inches slab-to-slab, with column spacing of 30 feet by 35 feet. The property includes two bay-covered loading docks and is zoned SED5 (Specialized Economic Development District). Amenities include a full-service cafeteria, a conferencing/training center, and a new fitness center equipped with state-of-the-art equipment, a yoga room, a spinning room, and men’s/women’s locker rooms with showers. On-site property management is available. The building is LEED certified and offers monument signage. It provides exceptional access to I-80, I-287, Route 46, and Route 202. The property is located at 5 Wood Hollow Rd, Parsippany, NJ. The property also has a park-like campus setting.
    Insight Report Location Intelligence

    Current Use by Public Records

    Ascensia Diabetes Care Diabetes Equipment Supplier Contour NEXT Diabetes Center Mack-Cali Realty Corporation Real Estate Agency A I G Insurance Company LibertyX Bitcoin ATM Atm

    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
    -74.4142022
    Latitude
    40.8590426

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    FAQs

    What type of property is this?
    Office building - LEED-certified office building with modern amenities and excellent highway access.
    Where is this office building located?
    The property is located at 5 Woodhollow Rd Parsippany, NJ.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Exceptional access to I-80, I-287, Route 46, and Route 202; - Large building size: **330,631 RSF on three floors**; - New fitness center with **state-of-the-art equipment, yoga room, spinning room, and locker rooms with showers**
    (973) 224-3817
    Request Owner's contact information
    5 Woodhollow Rd Parsippany, NJ 07054
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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
    5 Woodhollow Rd Parsippany, NJ 07054
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