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Property profile & analytics
OFF-MARKET
Commercial real estate
2 Parsippany Rd Whippany, NJ 07981-1421
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US59-2214758
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2013
Lot
1.64 ac (71,526 SF)
Zoning code
B
APN
12 04204-0000-00006- 01
UPID
US59-2214758
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
-
QuickChek Grocery & Convenience Store
-
PNC ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Township Of Hanover · 11 yrs held
Township Of Hanover
since 2015
5 recorded transactions
Zoning & alternative use
B · Whippany, 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 Whippany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Whippany 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$50,253
Tax year 2022
Assessed value
$2,495,200
Assessed 2023
Previous assessed
$2,495,200
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$470,000
Assessed improvement
$2,025,200
Land market value
$470,000
Improvement market value
$2,025,200
Total market value
$2,495,200
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2013
Heating
NONE
Lot
1.64 ac (71,526 SF)
Zoning code
B
APN
12 04204-0000-00006- 01
UPID
US59-2214758
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
B · Whippany, NJ
Zoning B · permitted uses
B · Whippany, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Whippany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Lot
1.64 ac
Current owner
From public records · entity-resolved
Township Of Hanover
Individual
Mailing address
PO BOX 600, WHITEHOUSE STATION, NJ 08889-0600
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2015
$40,000
Township Of Hanover
2 Parsippany Road Associates L
Grant Deed
—
Mar 29, 2012
—
2 Parsippany Road Assocs LLC
2 Parsippany Road Assocs LLC
Quit Claim Deed
—
Nov 22, 2005
$100
2 Parsippany Road Associates L
Sesera,michael F SR
Grant Deed
—
—
—
Durling Realty LLC
—
Deed Of Trust
related
$3,100,000 · Lakeland Bank
—
—
Michael Sessera
—
Deed Of Trust
related
$225,000 · Quick Chek Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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