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    Property profile & analytics

    204 Parsippany Rd Parsippany, NJ 07054-4710

    • Gas stations
    • 0.92 lot acres
    OFF-MARKET
    Value Estimation
    $610,000
    Location Intelligence
    Property ID
    US59-2021397
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • STEVE'S AUTO REPAIR (GREENHILLSHELL) / Auto Repair Shop / Gas Station
    • Shell / Gas Station
    • Steve's Auto Repair / Auto Repair Shop

    Property Details for 204 Parsippany Rd

    Year built
    1961
    Lot size
    0.92 lot acres
    Zone code
    B-3
    Property type
    Gas stations
    APN
    29 00387-0000-00012
    APU
    2900387000000012

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Parsippany
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4265
    Latitude
    40.8583
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $24,099
    $561,000
    $177,100
    $738,100
    -
    $561,000
    $177,100
    $738,100

    Comparable in this City

    • Value Estimation by Request
      1.44 Acres

      1947 Us Hwy 46

      SERVICE STATION (FULL SERVICE) • 1.44 Acres
      1947 Us Hwy 46, Parsippany, NJ 07054-1305
      View Details
    • Value Estimation
      $865,000
      1,620 SF

      859 Us Hwy 46

      SERVICE STATION (FULL SERVICE) • 1,620 SF
      859 Us Hwy 46, Parsippany, NJ 07054-3405
      View Details
    • Value Estimation
      $490,000
      0.37 Acres

      400 Us Hwy 46

      SERVICE STATION (FULL SERVICE) • 0.37 Acres
      400 Us Hwy 46, Parsippany, NJ 07054-2301
      View Details
    • Value Estimation
      $785,000
      0.21 Acres

      261 Parsippany Rd

      SERVICE STATION (FULL SERVICE) • 0.21 Acres
      261 Parsippany Rd, Parsippany, NJ 07054-5105
      View Details
    • Value Estimation
      $1,795,000
      324 SF

      750 Us Hwy 46

      SERVICE STATION (FULL SERVICE) • 324 SF
      750 Us Hwy 46, Parsippany, NJ 07054-3401
      View Details
    • Value Estimation
      $415,000
      0.81 Acres

      161 Us Hwy 46

      PARKING LOT • 0.81 Acres
      161 Us Hwy 46, Parsippany, NJ 07054
      View Details

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      Land Available For Sale

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      7.98 Acres

      Parsippany Office Suite - 7.98 Acres

      Prime Parsippany office space, ideal for professionals.
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    Similar Nearby for Lease

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      Highly visible retail location with affluent demographics and high traffic.
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      22,440 SF

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      Morris County retail center; multiple suites available.
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      1,800 SF

      Retail Space For Lease

      Retail space available for lease in Parsippany, New Jersey.
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      Route 10 Retail Center - Parsippany

      High-traffic retail space available. Multiple suites, ample parking.
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    • $2,000 /Mo

      High Visibility Retail/Office Space

      Retail or office space with high traffic and parking.
      3510 Us Highway 46, Parsippany, NJ 07054
      View Details

    Property Visit Statistics

    • Visits by month
      4.7k
    • Visitors by month
      4.1k
    • Avg Time on site
      12 min
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    204 Parsippany Rd
    Parsippany, NJ 07054-4710
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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