Property profile

239 New Rd Parsippany, NJ 07054

OFF-MARKET
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Property ID
US59-1888913
20,025 SF 0.46 ac
Last sale Sep 2005·$3,650,000
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$40k
Tax billed · 2022
Assessed value · 2023$1.19M
Assessed land$701k
Assessed improvement$487k
Effective rate3.37%

Value estimate

· Nov 2026
$3.61M
$3.24M – $3.97M
AI approach$3.51M
Submarket $/SF estimate$3.88M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$220/SF
Submarket average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$194 – $234

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LIW2
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.0
Auto Parts Store9.2
Furniture Store9.1

Location

239 New Rd Parsippany, NJ 07054-4274
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
601 Jefferson, Parsippany, NJ 07054-3790 $233,280 Feb 2026 2,962 SF
182 Parsippany, Parsippany, NJ 07054-4708 $585,000 Jan 2025 2,320 SF
316 Parsippany, Parsippany, NJ 07054-1294 $525,000 Dec 2024 2,670 SF
979 Littleton, Parsippany, NJ 07054-1741 $799,000 Feb 2024 3,908 SF
148 Parsippany, Parsippany, NJ 07054-4708 $410,000 Dec 2020 2,333 SF
170 Parsippany, Parsippany, NJ 07054-4708 $700,000 Aug 2019 7,566 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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