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    3043-3101 Us Highway 46 Parsippany, NJ 07054

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    For Lease
    Contact for pricing

    Highly visible retail location with affluent demographics and high traffic.

    Property size:
    52,432 SF
    Lot size:
    18.52 Acres

    Property Features for 3043-3101 Us Highway 46

    General Information

    Size
    52,432 SF
    Lot size
    18.52 Acres

    Source: Brixmor Property Group | Philadelphia Agent Rob McGarrigle

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

    Overview

    Retail Space in Parsippany, NJ

    This retail location is situated at the southwest corner of Route 46 and Parsippany Boulevard/Route 202, benefiting from high traffic volume with over 42,000 vehicles per day on Route 46 and over 16,000 vehicles per day on Parsippany Boulevard. The surrounding area boasts an affluent population of over 61,000 residents within a 3-mile radius, with an average household income exceeding $140,000. The location is surrounded by 9.5 million square feet of corporate office space and a daytime population of over 99,000 within 3 miles. This dominant shopping center features a diverse mix of national tenants, including Marshalls, HomeGoods, Blink Fitness, and Harmon Face Values. The property offers retail shops for rent within a shopping center totaling 52,432 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail 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.

    Similar Places Nearby

    Boulevard Plaza, Waterview Marketplace, Morris Hills Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Parsippany
    County
    Morris
    State
    New Jersey
    Longitude
    -74.42382
    Latitude
    40.870093

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    FAQs

    What type of property is this?
    Shopping center - Highly visible retail location with affluent demographics and high traffic.
    Where is this shopping center located?
    The property is located at 3043-3101 Us Highway 46 Parsippany, NJ.
    What are key features of this property?
    This property features: - High traffic location: 42,000+ vehicles per day on Route 46 and 16,000+ VPD on Parsippany Blvd/Route 202.; - Affluent demographics: $140,000+ average household income within a 3-mile radius.; - Dense daytime population: 99,000+ within 3 miles due to 9.5MM SF of corporate office space.
    (610) 834-7799
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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
    3043-3101 Us Highway 46 Parsippany, NJ 07054
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