Office Condo with Private
60 Baldwin Rd, Parsippany, NJ 07054
For Sale
$325,000
The office layout includes a reception area, conference room, and several private offices.
Property Size1,870 SF
Price / SF$173.80
Days on Market119
Property Features for 60 Baldwin Rd
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
DREAM REALTY
Listed By:
ASHVINKUMAR AJVALIA
(973) 296-0716
Source:
Tkregroupinc
Added: Jul 13
Changed: Nov 7
Last Checked: Nov 7 at 1:58PM
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 DREAM REALTY
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Investment Insights
Based on property information with market context.
This 1,870-square-foot office condo was built in 1985. Its interior includes a reception area, a conference room, and multiple private offices, providing a defined arrangement for professional office use.
The property is at 60 Baldwin Rd in Parsippany - Troy Hills Twp, New Jersey, near Rt 46.
The property is at 60 Baldwin Rd in Parsippany - Troy Hills Twp, New Jersey, near Rt 46.
Key Highlights
- 1,870‑square‑foot office condo
- Reception area, conference room, and multiple private offices
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,611
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,220
$572.2K
Cap Rate 7%
$408,729
$408.7K
Cap Rate 9%
$317,900
$317.9K
Market Conditions
NOI Build-Up for 1,870 SF
Gross rent
$56.1K $30.00/SF
− Vacancy
−$18.0K −$9.60/SF
EGI
$38.1K $20.40/SF
− OpEx
−$9.5K −$5.10/SF
NOI
$28.6K $15.30/SF
Area
Morris County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,220
Cap Rate 7%
$408,729
Cap Rate 9%
$317,900
Alternative Uses
Best Use
Office B
$408.7K
$357.6K – $476.9K
NOI $28,611 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.3K
$427.3K – $569.7K
NOI $34,181 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
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Business Placement
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
$569,000
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Morris County, NJ
Properties on Market for Office Units in Morris County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The office layout includes a reception area, conference room, and several private offices.
Where is this office unit located?
The property is located at 60 Baldwin Rd Parsippany, NJ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,870‑square‑foot office condo; Reception area, conference room, and multiple private offices; Built in 1985
