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Property profile & analytics
OFF-MARKET
Estimated value
$7,280,000
Industrial properties
200 Webro Rd Parsippany, NJ 07054-2823
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-3089952
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
BRICK
Total area
59,529 SF
Lot
6 ac (261,360 SF)
Zoning code
SD5A
APN
29 00737-0000-00002
UPID
US59-3089952
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
-
Cologix Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.28M
Owner & transaction history
Communication Reality Invs Nj · 9 yrs held
Communication Reality Invs Nj
since 2016
7 recorded transactions
Zoning & alternative use
SD5A · Parsippany, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.1M
+4.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,640,000
Current use
COMMERCIAL (GENERAL)
$11,120,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$7.28M
Range $6.55M – $8.01M · ±10%
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
$122 / 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
$257,102
Tax year 2022
Assessed value
$7,874,500
Assessed 2023
Previous assessed
$7,874,500
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$900,000
Assessed improvement
$6,974,500
Land market value
$900,000
Improvement market value
$6,974,500
Total market value
$7,874,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1968
Construction
BRICK
Heating
NONE
Stories
1
Total area
59,529 SF
Lot
6 ac (261,360 SF)
Zoning code
SD5A
APN
29 00737-0000-00002
UPID
US59-3089952
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
SD5A · Parsippany, NJZoning SD5A · permitted uses
SD5A · Parsippany, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$10.6M
COMMERCIAL (GENERAL)
Est. value
$11.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
BRICK
Heating
NONE
Stories
1
Lot
6 ac
Current owner
From public records · entity-resolved
Communication Reality Invs Nj
Individual
Mailing address
1601 19TH ST STE #650, DENVER, CO 80202-3068
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Feb 7, 2022
—
Communications Realty Investments N
—
Deed
related
$227,300,000 · Wilmington Trust NA
Sep 17, 2018
—
Communications Realty Invs New
—
Trustees Deed
related
$10,710,000 · Provident Bk
May 3, 2017
—
Communications Realty Invs Nj
—
Deed
related
$38,900,000 · Stonepeak Claremont Spv LLC
Oct 13, 2016
$14,000,000
Communication Reality Invs Nj
Hebro Pm LLC
Grant Deed
—
Oct 13, 2016
—
Provident Bk
—
Deed
related
$10,500,000 · Communications Realty Invs Nj
Oct 11, 2013
—
Hebro Pm LLC
Hebro Pm LLC
Quit Claim Deed
related
—
Nov 4, 2009
$2,300,000
Hebro Pm LLC
Pfizer INC
Grant Deed
—
—
—
Provident Bk
—
Deed Of Trust
related
$10,500,000 · Communications Realty Invs Nj
—
—
Communications Realty Invs Nj
—
Deed Of Trust
related
$38,900,000 · Stonepeak Claremont Spv 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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