Financial
Distress signals
Property profile

182 Parsippany Rd Parsippany, NJ 07054

OFF-MARKET
Other office properties
Property ID
US59-0341589
2,320 SF 0.03 ac lot
Last sale Jan 2025 · $585,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial condo unit is approximately 1,100 square feet and is located in Parsippany-Troy Hills Township, New Jersey. The unit was finished by the condo association as a “vanilla box” following fire-related work, and it had previously been approved for use as a pizzeria store on the first level. The space is configured to support tenant build-out to meet specific business requirements, subject to applicable condo association and permitting approvals.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$5k
Tax billed · 2022
Assessed value · 2023$149k
Assessed land$124k
Assessed improvement$25k
Effective rate3.27%

Value estimate

· Sep 2026
$535k
$482k – $589k
AI approach$555k
CAP approach$580k
Sales comparison$450k

Realmo valuation models over county records and 5 qualifying comparable sales.

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
Qualifying comparables5

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?
B-3
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store11.1
Parking Facility10.6
Grocery Store9.9

Location

182 Parsippany Rd Parsippany, NJ 07054-4708
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales 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
316 Parsippany, Parsippany, NJ 07054-1294 $525,000 Dec 2024 2,670 SF
176 Parsippany, Parsippany, NJ 07054-4708 $575,000 Sep 2024 2,320 SF
172 Parsippany, Parsippany, NJ 07054-4708 $435,000 Jan 2022 2,320 SF
148 Parsippany, Parsippany, NJ 07054-4708 $410,000 Dec 2020 2,333 SF
168 Parsippany, Parsippany, NJ 07054-4708 $492,000 May 2020 2,320 SF
152 Parsippany, Parsippany, NJ 07054-4708 $420,000 Dec 2018 2,320 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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