Freestanding Professional Office
1711 Route 46 Parsippany, NJ 07054
1711 Route 46, Parsippany, NJ, 07054
$728,000
For Sale
$728,000
Freestanding office building suitable for multiple users or investors.
Property Size3,000 SF
Price / SF$242.67
Days on Market100
Property Features for 1711 Route 46
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1850
Listing Agency
ARCADIA, REALTORS
(973) 228-7060
Listed by
RICHARD N LEONARD
Source
Corcoran
Added: Apr 8 Checked: Jul 16 at 7:12 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ARCADIA, REALTORS
Investment Insights
Based on property information with market context.
This is a freestanding professional office building. The previous occupant, an accounting office, utilized the building for 25 years. The building is in very good condition. The property size is approximately 3000 square feet. The first floor is designed to accommodate two users, each with exterior access. The property may suit alternative uses for investors or users.
Key Highlights
- Free‑standing professional office building.
- Building in very good condition.
- First floor suitable for two users with exterior access.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.0k | $30.00 |
| − Vacancy | −$28.8k | −$9.60 |
| EGI | $61.2k | $20.40 |
| − OpEx | −$15.3k | −$5.10 |
| NOI | $45.9k | $15.30 |
3,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$655.7K
$573.8K – $765.0K
NOI $45,900 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Freestanding office building suitable for multiple users or investors.
Where is this office building located?
The property is located at 1711 Route 46 Parsippany, NJ.
What is the asking price?
The asking price for this property is $728,000.
What are key features of this property?
This property features: Free‑standing professional office building.; Building in very good condition.; First floor suitable for two users with exterior access.
