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    131 New Rd Parsippany-Troy Hills, NJ 07054

    For Lease
    Contact for pricing

    8,000 SF Medical Building, Suites Available

    Lot size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 8,000 square foot medical office building, located at 131 New Road in Parsippany-Troy Hills, New Jersey, presents a unique leasing opportunity. Situated in Morris County, this property offers a versatile space ideal for a variety of medical practices. Currently configured as a single suite, the building features a total of 8,000 square feet, with 3,090 square feet currently available for lease. The property's classification includes retail and office space, making it suitable for a range of medical uses, including dental, medical, and salon services. The multiple tenancy structure allows for flexibility in lease terms and potential for expansion. The building's address is 131 New Road, Parsippany-Troy Hills, NJ 07054. Its convenient location offers excellent accessibility and visibility for attracting patients and clients. This is an exceptional opportunity to establish or expand a medical practice in a thriving New Jersey community. The available space provides ample room for a variety of medical services and configurations. Interested parties are encouraged to inquire about lease terms and conditions. The property is ready for immediate occupancy.

    Property Features for 131 New Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,000 SF

    Unit(s) available at that property

    Space
    Unit 3
    Size
    3,090 SF

    HighLights

    • Excellent access to Routes 46 and 280.
    • Strategic location on main crossroad connecting Routes 46 and 280.
    • Less than 0.3 miles from Route 80.
    • High‑profile location with excellent visibility.
    • Ample parking available.
    • Suitable for division into smaller spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hot Bagels & Deli ... Bagel Shop Trinity Rehab Parsippany Physical Therapy Clinic Birdies Chicken Restaurant Birdies Hot Chicken Chicken Restaurant

    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
    -74.3483742
    Latitude
    40.8560969

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    FAQs

    What type of property is this?
    Medical office - 8,000 SF Medical Building, Suites Available
    Where is this medical office located?
    The property is located at 131 New Rd Parsippany-Troy Hills, NJ.
    What are key features of this property?
    This property features: Excellent access to Routes 46 and 280.; Strategic location on main crossroad connecting Routes 46 and 280.; Less than 0.3 miles from Route 80.
    Request Owner's contact information
    131 New Rd Parsippany-Troy Hills, NJ 07054
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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
    131 New Rd Parsippany-Troy Hills, NJ 07054
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