74 S POWDER MILL RD Unit N/A, Morris Plains, NJ 07950
Multi-use office building with three first-floor units and one second-floor unit, each with separate entrances.
- Added:
- Mar 21, 2026
- Days on Market:
- 87
- Last Refresh:
- Jun 14 at 2:04 am
Property Features for 74 S POWDER MILL RD Unit N/A
General Information
- Standard status
- Active
- Size
- 4,537 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agent JACQUELINE SCURA
Listing office COMPASS OF NEW JERSEY (973) 588-3222
Listing date Mar 21, 2026
Source Xome
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HighLights
- Multi‑use office building with 4 total units: 3 on the first floor and 1 on the second floor
- Each unit has separate entrances and exits
- Central air cooling and asphalt shingle roof; built in 1985
- 1 full bath and 3 half baths in total
- Level 0.905 AC commercial lot with trees; driveway and parking on the side and rear
- Commercial zoning; freestanding building in the Central Business District
Overview
The building is situated in Parsippany just off Route 10, near a thriving residential area. The site also includes an adjacent wooded area, which the remarks indicate may allow for parking expansion toward that portion of the property.
For buyers, this property may be suited to an owner-operator or investor seeking a compact, multi-unit office setup. The separate entrances can simplify scheduling and tenant operations, while the existing bathroom count supports day-to-day use across the units. The remarks also describe the possibility to convert parts of the property for residential use, offering an alternative path for an end user with the right vision and execution.
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 | $136.1k | $30.00 |
| − Vacancy | −$43.6k | −$9.60 |
| EGI | $92.6k | $20.40 |
| − OpEx | −$23.1k | −$5.10 |
| NOI | $69.4k | $15.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Morris Plains
- County
- Morris
- State
- New Jersey
- Longitude
- -74.4912103
- Latitude
- 40.85754
