New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,240,000
Industrial properties
3 Eastmans Rd, Parsippany, NJ 07054-3702
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US59-3182024
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1962
Construction
BRICK
Total area
33,122 SF
Lot
6.02 ac (262,231 SF)
Zoning code
SD3A
APN
29 00739-0000-00003
UPID
US59-3182024
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
-
LOR-TECH Plastics, LLC Factory Production Facility
-
Severna Operations, Inc. Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.24M
Owner & transaction history
A & S Property Dev LLC · 21 yrs held
A & S Property Dev LLC
since 2005
7 recorded transactions
Zoning & alternative use
SD3A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$98 / 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
$70,198
Tax year 2022
Assessed value
$2,150,000
Assessed 2023
Previous assessed
$2,150,000
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$903,000
Assessed improvement
$1,247,000
Land market value
$903,000
Improvement market value
$1,247,000
Total market value
$2,150,000
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
1962
Construction
BRICK
Heating
NONE
Stories
1
Total area
33,122 SF
Lot
6.02 ac (262,231 SF)
Zoning code
SD3A
APN
29 00739-0000-00003
UPID
US59-3182024
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
SD3A · Parsippany, NJ
Zoning SD3A · permitted uses
SD3A · 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
1962
Construction
BRICK
Heating
NONE
Stories
1
Lot
6.02 ac
Current owner
From public records · entity-resolved
A & S Property Dev LLC
Entity
Mailing address
3 EASTMANS RD, PARSIPPANY, NJ 07054-3702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
—
A & S Property Development LLC
—
Deed
related
$1,400,000 · Valley Bank
Apr 26, 2018
—
A & S Property Dev LLC
—
Deed
related
$1,514,761 · Bank Of America
Jan 24, 2005
$2,200,000
A & S Property Dev LLC
3 Eastmans Road Ptshp
Grant Deed
$1,870,000 · Sovereign Bank
—
—
A & S Property Development LLC
—
Deed Of Trust
related
$1,870,000 · Sovereign Bank
—
—
A & S Property Development LLC
—
Deed Of Trust
related
$2,000,000 · Sovereign Bank
—
—
A & S Property Dev LLC
—
Deed Of Trust
related
$1,514,761 · Bank Of America
—
—
A & S Property Dev LLC
—
Deed Of Trust
related
$1,934,000 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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