Technical
Financial
Distress signals
Property profile

1106 Route 46 Parsippany, NJ 07054

OFF-MARKET
Retail properties & Spaces
4,000 SF 0.45 ac lot Built 1985
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 4,000 square foot retail property, situated on a 0.45-acre lot at 1106 Route 46, Unit 1-4 in Parsippany, NJ, presents a remarkable investment or owner-user opportunity. Boasting a prime location between PNC and Bank of America, this property benefits from exceptional visibility on heavily trafficked US Route 46. A legal U-turn for eastbound traffic at the stoplight further enhances accessibility. The property's proximity to the Troy Hills Shopping Center ensures high foot traffic and consumer visibility. Ample parking is available both in front and rear of the building, providing convenient access for customers and employees. Separate entrances and exits optimize traffic flow and operational efficiency. A large signage area allows for prominent branding and advertising opportunities. Public transportation is readily available at the doorstep, catering to a diverse customer base. The property's convenient location near Interstate 80 provides easy access for regional customers. The space is also available for lease at $5,000 per unit, triple net. This is a rare opportunity to acquire a high-visibility retail space in a thriving commercial area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1985
Total area 4,000 SF
Lot 0.45 ac (19,602 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1106 Route 46 Parsippany, NJ 07054
Parsippany metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1106 Route 46?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message