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Property profile

299 Smith Rd Parsippany, NJ 07054

OFF-MARKET
Commercial real estate
Property ID
US59-0996993
96,770 SF 5.34 ac lot Built 2004
Last sale Dec 2014 · $20,194,756
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$362k
Tax billed · 2022
Assessed value · 2023$9.09M
Assessed land$2.94M
Assessed improvement$6.15M
Effective rate3.98%

Value estimate

· Oct 2026
$11.08M
$9.97M – $12.19M
CAP approach$10.93M
Submarket $/SF estimate$13.98M

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$187/SF
ZIP average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$114 – $289
Qualifying comparables18

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
COD
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store16.3
Building Supply15.7
Parking Facility13.7

Location

299 Smith Rd Parsippany, NJ 07054-2803
County assessor Recorded deeds · 8 transfers 18 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
45 Waterview, Parsippany, NJ 07054-7611 $7,467,600 Jan 2026 102,995 SF
200 Reynolds, Parsippany, NJ 07054-3326 $14,525,000 Dec 2025 48,718 SF
6 Sylvan, Parsippany, NJ 07054-3826 $20,000,000 Jul 2025 195,240 SF
299 Cherry Hl, Parsippany, NJ 07054-1111 $10,200,000 Jan 2025 76,260 SF
30 Lanidex W, Parsippany, NJ 07054-2717 $15,900,000 Dec 2024 55,008 SF
11 Waterview, Parsippany, NJ 07054-1219 $10,500,000 Mar 2024 120,828 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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