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Property profile & analytics
OFF-MARKET
Estimated value
$10,500,000
Commercial real estate
11 Waterview Blvd Parsippany, NJ 07054-1219
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-1014754
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Construction
BRICK
Total area
120,828 SF
Lot
8.21 ac (357,671 SF)
Zoning code
POD
APN
29 00421- 4-00004
UPID
US59-1014754
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
-
Bayer Parsippany Corporate Office
-
44 Oak Capital Bank Credit Union
-
Easy Inn Hotel & Motel
-
Neighborhood Roofing Parsippany Roofing Company General Contractor
-
Loren Umaña, Realtor TK Real Estate Group Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.50M
CAP Approach
CAP
$13.65M
Comparable Approach
Comparable
$13.73M
Blend (final)
Blend
$10.50M
Owner & transaction history
Red Oak Capital Fund V LLC · 2 yrs held
Red Oak Capital Fund V LLC
since 2024
Last sale
$10.5M
2 recorded transactions
Zoning & alternative use
POD · 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
$10,500,000
ML approach
$10,500,000
CAP Approach
CAP Return
Estimation
6%
$14,785,000
6.5%
$13,645,000
7%
$12,670,000
Blend value · Realmo final
$10.50M
Range $9.45M – $11.55M · ±10% · vs last sale $10.50M (Mar 19 2024)
Last sale anchor
$10.50M
Mar 19 2024
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
$87 / SF
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
$280,663
Tax year 2022
Assessed value
$8,596,100
Assessed 2023
Previous assessed
$8,596,100
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$3,426,000
Assessed improvement
$5,170,100
Land market value
$3,426,000
Improvement market value
$5,170,100
Total market value
$8,596,100
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
2005
Construction
BRICK
Heating
NONE
Stories
3
Total area
120,828 SF
Lot
8.21 ac (357,671 SF)
Zoning code
POD
APN
29 00421- 4-00004
UPID
US59-1014754
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
POD · Parsippany, NJ
Zoning POD · permitted uses
POD · 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
2005
Construction
BRICK
Heating
NONE
Stories
3
Lot
8.21 ac
Current owner
From public records · entity-resolved
Red Oak Capital Fund V LLC
Entity
Free & Clear · 2 yrs held
Mailing address
625 KENMOOR AVE SE #202, GRAND RAPIDS, MI 49546-2395
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2024
—
Red Oak Capital Fund V LLC
11 Waterview Blvd LLC
Sheriffs Deed
related
—
Jun 7, 2022
$10,500,000
11 Waterview Blvd LLC
Ullman Family Partnership
Deed
$14,500,000 · Red Oak Capital Fund X LLC
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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