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    8 Sylvan Way Parsippany, NJ 07054

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    For Lease
    Contact for pricing

    Office space featuring training areas, conference center, cafe, and fitness.

    Property size:
    37,031 SF
    Lot size:
    15.05 Acres

    Property Features for 8 Sylvan Way

    General Information

    Size
    37,031 SF
    Lot size
    15.05 Acres

    Source: JLL | Parsippany Agent David Stifelman

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

    Overview

    Versatile Office Space with Amenities

    This 37,031 square foot property offers versatile office space with a range of amenities. It includes three flex training spaces, one measuring 1,170 square feet and two measuring 897 square feet. A conference center is available, featuring a boardroom and three training rooms that open to a café, providing a town hall capacity for 350 people. The property also features a spacious full-service kitchen and café with seating for 200 people. A fitness center space is included, complete with locker rooms and showers. Additionally, a LifeTime Fitness is coming soon next door.
    Insight Report Location Intelligence

    Current Use by Public Records

    The Medicines Company Pharmaceutical Company

    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
    -74.4468324
    Latitude
    40.8474552

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    FAQs

    What type of property is this?
    Office space - Office space featuring training areas, conference center, cafe, and fitness.
    Where is this office space located?
    The property is located at 8 Sylvan Way Parsippany, NJ.
    What are key features of this property?
    This property features: - Conference center with board room and training rooms adaptable for town halls of up to 350 people.; - Spacious full-service kitchen and café with seating for 200 people.; - Three flexible training spaces: 1,170 SF and 897 SF.
    (201) 400-1294
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    8 Sylvan Way 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
    8 Sylvan Way Parsippany, NJ 07054
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