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Property profile & analytics
FOR LEASE
Commercial real estate
20 Waterview Blvd Parsippany, NJ 07054
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0048947
For Lease
1 / 2
$14,750,000
20 Waterview Blvd, Parsippany, NJ 07054
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1988
Total area
225,092 SF
Lot
16.83 ac (733,115 SF)
Zoning code
POD
APN
29 00421-0000-00029- 1
UPID
US59-0048947
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
-
Wockhardt USA Factory Production Facility
-
NYSEARCH / NGA Research Institute Non-Profit Organization
-
Complete HealthVizion Gym & Fitness Center
-
PAI Pharma Factory Production Facility
-
One Call Medical Inc Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.74M
Blend (final)
Blend
$14.75M
Owner & transaction history
Sabre Management Group LLC · 2 yrs held
Sabre Management Group LLC
since 2024
Last sale
$14.8M
7 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
$14,750,000
ML approach
$14,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.75M
Range $13.28M – $16.23M · ±10% · vs last sale $14.75M (Mar 5 2024)
Last sale anchor
$14.75M
Mar 5 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
$66 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$465,524
Tax year 2023
Assessed value
$13,908,700
Assessed 2024
Previous assessed
$13,908,700
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$10,622,500
Assessed improvement
$3,286,200
Land market value
$10,622,500
Improvement market value
$3,286,200
Total market value
$13,908,700
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
For Lease
Year built
1988
Heating
NONE
Stories
4
Total area
225,092 SF
Lot
16.83 ac (733,115 SF)
Zoning code
POD
APN
29 00421-0000-00029- 1
UPID
US59-0048947
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
1988
Heating
NONE
Stories
4
Lot
16.83 ac
Current owner
From public records · entity-resolved
Sabre Management Group LLC
Entity
Mailing address
78 BOONTON AVE, MONTVILLE, NJ 07045
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2024
$14,750,000
Sabre Management Group LLC
20 Waterview LLC
Bargain And Sale Deed
$11,062,500 · Wells Fargo Bank NA
Apr 4, 2018
$12,900,000
20 Waterview Spe LLC
20 Waterview Spe LLC
Grant Deed
related
—
Sep 2, 2016
—
20 Waterview Spe LLC
—
Grant Deed
related
$48,750,000 · Private Individual
Jan 6, 1998
—
20 Waterview Assoc LP
—
Deed Of Trust
related
$1,250,000 · Bellemead Dev Corp
Nov 6, 1989
$17,035,000
Waterview Ass LP Bellmead 20
Unknown
Grant Deed
—
—
—
Gary Simeone
—
Deed Of Trust
related
$30,000 · Champion Mortgage Co INC
—
—
20 Waterview Assoc LP
—
Deed Of Trust
related
$1,250,000 · Bellemead Dev Corp
—
—
Bonnie J Durkin
—
Deed Of Trust
related
$296,000 · Champion Mortgage Co INC
—
—
Laurien Korkes
—
Deed Of Trust
related
$91,900 · Champion Mortgage Co INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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