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Property profile & analytics
OFF-MARKET
Estimated value
$5,915,000
Commercial real estate
1 Jefferson Rd Parsippany, NJ 07054-2833
Entity Owned
~
Est. High Equity
Property ID
US59-1521327
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2010
Construction
BRICK
Lot
8.49 ac (369,737 SF)
Zoning code
COD
APN
29 00735- 02-00004
UPID
US59-1521327
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ruth Lynch Buchwalter Law Firm
-
Day Pitney LLP Law Firm
-
FedEx Drop Box Postal Service Courier Service
-
Rave Michael Law Firm
-
Parker M L Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.92M
Owner & transaction history
1 Jefferson Cb Exchange LLC
1 Jefferson Cb Exchange LLC
since 2025
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
COD · Parsippany, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Parsippany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parsippany submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,470,000
ML approach
$4,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.92M
Range $5.32M – $6.51M · ±10% · vs last sale $6.14M (Jul 3 2025)
Last sale anchor
$6.14M
Jul 3 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$522,400
Tax year 2022
Assessed value
$16,000,000
Assessed 2023
Previous assessed
$16,000,000
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$3,055,700
Assessed improvement
$12,944,300
Land market value
$3,055,700
Improvement market value
$12,944,300
Total market value
$16,000,000
Applied tax rate
29.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2010
Construction
BRICK
Heating
NONE
Stories
3
Lot
8.49 ac (369,737 SF)
Zoning code
COD
APN
29 00735- 02-00004
UPID
US59-1521327
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
COD · Parsippany, NJ
Zoning COD · permitted uses
COD · Parsippany, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parsippany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Construction
BRICK
Heating
NONE
Stories
3
Lot
8.49 ac
Current owner
From public records · entity-resolved
1 Jefferson Cb Exchange LLC
Entity
Mailing address
1735 MARKET STA400, PHILADELPHIA, PA 19103-7501
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
$6,135,000
1 Jefferson Cb Exchange LLC
Sig One Jefferson LLC
Deed
—
Feb 20, 2025
$5,750,000
Sig One Jefferson LLC
Opi25 Exchange LLC
Deed
$3,800,000 · Broadview Capital LLC
Dec 23, 2024
—
Opi 25 Exchange LLC
Sir Properties Trust
Deed
$444,992 · Us Bank Trust Co NA
Nov 23, 2015
$32,000,000
Sir Properties Trust
One Jefferson Road LLC
Grant Deed
—
Feb 6, 2013
—
One Jefferson Road LLC
—
Deed Of Trust
related
$22,000,000 · Pnc Bank
Nov 2, 2011
—
One Jefferson Road LLC
—
Deed Of Trust
related
$20,160,000 · Pnc Bank
Sep 2, 2005
$1
One Jefferson Road LLC
Center Of Morris County Develp
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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