Entity Owned 
For Lease
1 / 8
$23 SF/Yr
1 Gatehall Dr, Parsippany, NJ 07054
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Property summary
AI-generated overview
This office property provides 24/7 building access and is equipped with tenant-support amenities including a fitness center with lockers, showers, and restrooms, as well as a conference room for meetings and presentations. Entry is secured with a card access system, and the premises include tenant storage space. Parking is available in a paved lot at a stated ratio of 3.5 spaces per 1,000 square feet. The exterior includes a landscaped seating area and a pond adjacent to the plaza. Telecommunications connectivity is supported by Verizon Fios and Optimum Lightpath Cablevision. The property is situated near restaurants, shopping, and multiple hotels, including the Residence Inn next door within walking distance, and it is adjacent to a full-service cafeteria that is open to the public; on-site building engineering and property management are also available.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Total area
114,512 SF
Lot
9.7 ac (422,576 SF)
Zoning code
ROL
APN
29 00175-0000-00052- 1
UPID
US59-1014787
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company General Contractor
-
Insurance Agency
-
Law Firm
-
Insurance Agency
-
(Bike/Boat/Book/etc) Store Corporate Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.87M
Blend (final)
Blend
$8.54M
Owner & transaction history
since 2019
3 recorded transactions
Zoning & alternative use
ROL · Parsippany, NJ
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$8.54M
Value range
$7.68M – $9.39M
±10% around blend
Estimated value / SF
$75 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
40
Income certainty
100
$7.68M
blend $8.54M
$9.39M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
114,512 SF
Lot area
9.7 ac
Year built
1983
Stories
3
APN
29 00175-0000-00052- 1
Zoning
ROL
Assessed value
$7,500,000
Annual tax
$249,375
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$249,375
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$7.81M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.2 mi away · 131,438 SF
9.9 mi away · 87,970 SF
16.8 mi away · 140,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.54M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 55 sales
$187
-60%
Submarket 107 sales
$211
-65%
County 762 sales
$243
-69%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $75/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.70M
Move the market yield to see immediate price impact.
Value / SF
$32
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$233k
$4.66M
$3.33M
$2.59M
$259k
$5.18M
$3.70M
$2.88M
$285k
$5.70M
$4.07M
$3.17M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$7.47M
2.5 mi · Jan 2026 · $73/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$249,375
Tax year 2022
Assessed value
$7,500,000
Assessed 2023
Previous assessed
$7,500,000
+0.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$4,220,600
Assessed improvement
$3,279,400
Land market value
$4,220,600
Improvement market value
$3,279,400
Total market value
$7,500,000
Applied tax rate
29.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1983
Heating
NONE
Stories
3
Total area
114,512 SF
Lot
9.7 ac (422,576 SF)
Zoning code
ROL
APN
29 00175-0000-00052- 1
UPID
US59-1014787
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
ROL · Parsippany, NJZoning ROL · permitted uses
ROL · Parsippany, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Stories
3
Lot
9.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
ROL
Jurisdiction
Parsippany, NJ
Recorded code
ROL
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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