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    180 Parsippany Rd Parsippany-Troy Hills, NJ 07054

    Sponsored
    For Lease
    $42 SF/Yr

    1,100 sq ft, Single Tenant, Newly Renovated

    Lot size:
    1,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,100-square-foot retail space is perfectly situated for immediate occupancy. Located on a 0.27-acre lot, this single-tenant property boasts a newly renovated interior (2024), offering a "vanilla box" finish ready for your business's unique design and build-out. The building is a single-story structure, part of a larger complex providing ample parking with 100+ spaces available. Previously approved for use as a pizzeria, this versatile space presents endless possibilities for a variety of retail businesses. The property's convenient location ensures high visibility and accessibility for customers. The complete renovation, resulting from a prior fire, ensures a modern and safe environment for your business operations. This is a fantastic opportunity to establish your presence in a thriving commercial area with a significant parking advantage. The "vanilla box" condition allows for complete customization to perfectly match your business needs and brand identity. Don't miss this chance to secure this prime retail space. Act quickly, as opportunities like this are rare.

    Property Features for 180 Parsippany Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,100 SF

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,100 SF
    Rate per SF
    $42

    HighLights

    • 1,100 sq. ft. single‑tenant retail space.
    • Located on 0.27 acres.
    • Features 100+ parking spaces.
    • Completely renovated in 2024.
    • One‑story building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parsippany - Personal Training ... Personal Trainer Sunburst Solar Store Solar Energy Equipment Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parsippany-Troy Hills
    County
    Morris
    State
    New Jersey
    Longitude
    -74.3939339
    Latitude
    40.8620476

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    FAQs

    What type of property is this?
    Retail property - 1,100 sq ft, Single Tenant, Newly Renovated
    Where is this retail property located?
    The property is located at 180 Parsippany Rd Parsippany-Troy Hills, NJ.
    What is the lease rate?
    The lease rate is $42 SF/Yr.
    What are key features of this property?
    This property features: 1,100 sq. ft. single-tenant retail space.; Located on 0.27 acres.; Features 100+ parking spaces.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    180 Parsippany Rd Parsippany-Troy Hills, NJ 07054
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