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Property profile & analytics
OFF-MARKET
Estimated value
$47,950,000
Commercial real estate
22 Sylvan Way Parsippany, NJ 07054-3801
Individually Owned
12-yr Hold
Free & Clear
Property ID
US59-2161257
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2009
Lot
23.15 ac (1,008,458 SF)
Zoning code
SD10
APN
29 00202-0000-00001- 14
UPID
US59-2161257
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
-
Blink Charging Station Electric Vehicle Charging Station
-
Wyndham Hotels & Resorts Corporate Office
-
Xceed Financial Credit Union Credit Union
-
ELO Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$47.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.95M
Owner & transaction history
Gc Net Lease Parsippany Invest · 12 yrs held
Gc Net Lease Parsippany Invest
since 2014
Last sale
$48.0M
2 recorded transactions
Zoning & alternative use
SD10 · 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
$47,950,000
ML approach
$47,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$47.95M
Range $43.16M – $52.75M · ±10% · vs last sale $47.95M (Dec 6 2024)
Last sale anchor
$47.95M
Dec 6 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
—
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
$1,224,382
Tax year 2022
Assessed value
$37,500,200
Assessed 2023
Previous assessed
$37,500,200
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$6,724,400
Assessed improvement
$30,775,800
Land market value
$6,724,400
Improvement market value
$30,775,800
Total market value
$37,500,200
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
Off-Market
Year built
2009
Heating
NONE
Lot
23.15 ac (1,008,458 SF)
Zoning code
SD10
APN
29 00202-0000-00001- 14
UPID
US59-2161257
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
SD10 · Parsippany, NJ
Zoning SD10 · permitted uses
SD10 · 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
2009
Heating
NONE
Lot
23.15 ac
Current owner
From public records · entity-resolved
Gc Net Lease Parsippany Invest
Individual
Free & Clear · 12 yrs held
Mailing address
3520 PIEDMONT RD NE STE #410, ATLANTA, GA 30305-1512
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2014
$96,600,000
Gc Net Lease Parsippany Invest
Parsippany Campus Realty Assoc
Grant Deed
—
Aug 20, 2007
—
Parsippany Campus Realty Assoc
Parsippany Campus Realty Assoc
Quit Claim Deed
—
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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