Multi-Unit Office
For Sale
$999,999
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.
Property Size4,537 SF
Price / SF$220.41
Days on Market152
Property Features for 74 S POWDER MILL RD Unit N/A
General Information
Standard status
Active
Size
4,537 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
4
Building Details
Year Built
1985
Stories
2
Listing Agency:
COMPASS OF NEW JERSEY
(973) 588-3222
Listed By:
JACQUELINE SCURA
Source:
Xome
Added: Mar 2
Changed: Jul 10
Last Checked: Aug 1 at 3:31AM
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 COMPASS OF NEW JERSEY
Investment Insights
Based on property information with market context.
This multi-use office building offers four total units, with three units located on the first floor and one unit on the second floor. The layout includes separate entrances and exits for the units, supporting flexible tenancy and practical access for occupants. The building has one full bath and three half baths, providing shared restroom capacity across the configuration. Ample parking is available on the side and rear of the property.
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.
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.
Key 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
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 |
4,537 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$991.7K
$867.7K – $1.16M
NOI $69,416 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,929 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 07950, NJ
21,459
Population
8,460
Households
2.5
Avg Household Size
42
Median Age
65%
College-Educated
96%
High-School Grad
9.1 sq mi
ZIP Area
2,358
Density / Sq Mi
$148,469
Median Household Income
$80,217
Median Earnings
$2,549
Median Rent
$571,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Multi-use office building with three first-floor units and one second-floor unit, each with separate entrances.
Where is this office units located?
The property is located at 74 S POWDER MILL RD Unit N/A Morris Plains, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 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
