Realmo Analytics

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Property profile

140 Littleton Rd Parsippany, NJ 07054

FOR LEASE
Other commercial real estate
Property ID
US59-0273488
29,984 SF 1.62 ac lot Built 1970
Last sale May 2023 · $3,946,250
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A three-story office building with highway access and prominent frontage is served by a substantial on-site parking lot. A 1,600+ square foot executive office suite is located on the third floor and is accessible via direct elevator access. The suite is configured with five private offices, a dedicated kitchenette, and a large open area that can function as a conference or board room or support future office expansion. The space features expansive windows that provide natural light, and the overall layout supports flexible professional office use.

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?
$59k
Tax billed · 2022
Assessed value · 2023$1.80M
Assessed land$615k
Assessed improvement$1.18M
Effective rate3.27%

Value estimate

· Oct 2026
$4.48M
$4.03M – $4.92M
AI approach$4.39M
CAP approach$3.39M
Submarket $/SF estimate$3.41M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$187/SF
ZIP average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$114 – $289
Qualifying comparables6

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?
O-1
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply17.8
Auto Parts Store15.2
Storage Facility14.6

Location

140 Littleton Rd Parsippany, NJ 07054
County assessor Recorded deeds · 11 transfers 6 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
200 Reynolds, Parsippany, NJ 07054-3326 $14,525,000 Dec 2025 48,718 SF
200 Baldwin, Parsippany, NJ 07054-2010 $18,500,000 Jul 2025 43,148 SF
435 Beverwyck, Parsippany, NJ 07054 $150,000 May 2025 30,300 SF
299 Cherry Hl, Parsippany, NJ 07054-1111 $10,200,000 Jan 2025 76,260 SF
30 Lanidex W, Parsippany, NJ 07054-2717 $15,900,000 Dec 2024 55,008 SF
272 Parsippany, Parsippany, NJ 07054-5177 $3,950,000 Apr 2024 9,379 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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