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    3165 Us 46 Parsippany Troy Hills, NJ

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    For Lease
    Contact for pricing

    Highly visible retail location with affluent demographics and high traffic.

    Property size:
    34,329 SF
    Lot size:
    18.52 Acres

    Property Features for 3165 Us 46

    General Information

    Size
    34,329 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-Troy Hills

    This retail location is situated at the southwest corner of Route 46, which sees over 42,000 vehicles per day, and Parsippany Boulevard/Route 202, which sees over 16,000 vehicles per day. The surrounding area has 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. The property is part of a dominant shopping center with a diverse mix of national tenants, including Marshalls, HomeGoods, Blink Fitness, and Harmon Face Values. The property offers retail shops for rent and has a total size of 34,329 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Similar Places Nearby

    Westmount-Arlington Plaza, Coinstar Kiosk - Bitcoin ATM, Parsippany Shopping Plaza

    Map

    City
    Parsippany Troy Hills
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4270192
    Latitude
    40.8574813

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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 3165 Us 46 Parsippany Troy Hills, NJ.
    What are key features of this property?
    This property features: - High traffic location: Over 42,000 vehicles per day (VPD) on Route 46.; - Affluent area: $140,000+ average household income within a 3-mile radius.; - Dense daytime population: 99,000+ people within 3 miles due to 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
    3165 Us 46 Parsippany Troy Hills, NJ
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