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Property profile & analytics
OFF-MARKET
Estimated value
$4,830,000
Industrial properties
26 Eastmans Rd Parsippany, NJ 07054-3703
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0031607
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1977
Construction
BRICK
Total area
20,730 SF
Lot
2.23 ac (97,139 SF)
Zoning code
IP
APN
12 03105-0000-00001
UPID
US59-0031607
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
-
New Jersey Obstetrical & Gynecological Society Association Or Organization
-
New Jersey Society-Ansthslgsts Physician
-
Medical Oncology Society of New Jersey Medical Clinic
-
Workplace Diversity Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.10M
CAP Approach
CAP
$3.58M
Comparable Approach
Comparable
$5.16M
Blend (final)
Blend
$4.83M
Owner & transaction history
26 Eastmans Associates LLC · 4 yrs held
26 Eastmans Associates LLC
since 2022
Last sale
$6.0M
3 recorded transactions
Zoning & alternative use
IP · Parsippany, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.6M
+23.3%
Commercial (general)
$3.9M
+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
$4,140,000
ML approach
$4,095,000
CAP Approach
CAP Return
Estimation
6%
$3,880,000
6.5%
$3,580,000
7%
$3,325,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,705,000
Current use
OFFICE BUILDING
$4,570,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,875,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$4.83M
Range $4.35M – $5.31M · ±10% · vs last sale $6.00M (Feb 26 2026)
Last sale anchor
$6.00M
Feb 26 2026
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
$233 / 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
$42,042
Tax year 2022
Assessed value
$2,068,000
Assessed 2023
Previous assessed
$2,068,000
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$632,500
Assessed improvement
$1,435,500
Land market value
$632,500
Improvement market value
$1,435,500
Total market value
$2,068,000
Applied tax rate
12.0000
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
1977
Construction
BRICK
Heating
NONE
Stories
1
Total area
20,730 SF
Lot
2.23 ac (97,139 SF)
Zoning code
IP
APN
12 03105-0000-00001
UPID
US59-0031607
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
IP · Parsippany, NJ
Zoning IP · permitted uses
IP · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.7M
OFFICE BUILDING
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$3.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1977
Construction
BRICK
Heating
NONE
Stories
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
26 Eastmans Associates LLC
Entity
Mailing address
26 EASTMANS RD, PARSIPPANY, NJ 07054-3703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
$3,425,000
26 Eastmans Associates LLC
Twenty Six Eastmans Road LLC
Bargain And Sale Deed
$2,397,500 · Td Bank NA
Dec 5, 2005
$1,750,000
Twenty Six Eastmans Road LLC
Tramac Properties LLC
Grant Deed
—
—
—
Twenty Six Eastmans Road LLC
—
Deed Of Trust
related
$1,866,000 · Newtek Small Busn Fin
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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