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Open-Layout Flex Space
New
For Lease
$1,250/Mo

192 Parsippany Rd, Parsippany, NJ 07054

A renovated basement-level commercial unit with rear glass-door access and potential for storage or other uses subject to HOA approval.

Space Size1,200 SF
Days on Market4

Property Features for 192 Parsippany Rd

General Information

Standard status Active
Size 1,200 SF
Net Rentable 1,200 SF
Property subtype Commercial

Space & Availability

Available Space 1,200 SF
Contiguous Space 1,200 SF

Taxes and HOA fees

Annual Taxes $5,210

Amenities

Central air
1 Unit Heating
Ductless Split AC Cooling
Parking Lot-Shared

Building Details

Year Built 1967
Year Renovated 2024
Listing Agency: GERVIN MANAGEMENT & REALTY LLC
Listed By: JOSEPH NARDONE
Source: Corcoran
Added: Oct 29 Changed: Oct 30 Last Checked: Oct 30 at 3:15PM

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 GERVIN MANAGEMENT & REALTY LLC

Rey
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Investment Insights

Based on property information with market context.

This 1,200-square-foot flex unit occupies the basement level and has an open interior layout. The condominium association completed renovations in 2024, and rear glass doors provide access to the space. Storage and other commercial uses are possible, subject to HOA approval.

The property is on Parsippany Road in Parsippany, New Jersey, with access to major highways and surrounding businesses.

Key Highlights

  • 1,200‑square‑foot basement‑level commercial unit
  • Renovated by the condominium association in 2024
  • Open interior layout with rear glass‑door access

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Gilani Pediatrics Pediatrician Roshni Learning Center Training Center Dahlias Laser and Anti-aging ... Skin Care Clinic

Suggested Use

Top Pick Auto Parts Store Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.88 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

719
Businesses Nearby
Under-served
Demand for This Use

Demographics for 07054, NJ

30,228
Population
12,497
Households
2.4
Avg Household Size
41
Median Age
61%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,190
Density / Sq Mi
$107,955
Median Household Income
$69,061
Median Earnings
$1,725
Median Rent
$569,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025

Similar Off Market Nearby

  • Flavors by Chef Jay Doshi — 90 E Halsey Rd, Parsippany-Troy Hills, NJ 07054
  • Parsippany Deli / Emerald Gifts — 137 Parsippany Rd, Parsippany, NJ 07054

Frequently Asked Questions

What type of property is this?
Flex space - A renovated basement-level commercial unit with rear glass-door access and potential for storage or other uses subject to HOA approval.
Where is this flex space located?
The property is located at 192 Parsippany Rd Parsippany, NJ.
What is the lease rate?
The lease rate is $1,250/Mo.
What are key features of this property?
This property features: 1,200‑square‑foot basement‑level commercial unit; Renovated by the condominium association in 2024; Open interior layout with rear glass‑door access
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