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Property profile & analytics
FOR LEASE
Commercial real estate
300 Kimball Dr Parsippany, NJ 07054
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1697587
For Lease
1 / 2
$2,680,000
300 Kimball Dr, Parsippany, NJ 07054
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Total area
11,353 SF
Lot
9.29 ac (404,585 SF)
Zoning code
COD
APN
29 00735-0000-00001- 05
UPID
US59-1697587
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
-
300 Kimball Drive Business Park
-
FM Global Business Management Consultant Insurance Agency
-
Western World Insurance Financial Advisor Insurance Agency
-
Langan Engineering Consultant Civil Engineer
-
Office Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$2.68M
Owner & transaction history
300 Kimball Drive LLC · 3 yrs held
300 Kimball Drive LLC
since 2022
6 recorded transactions
Zoning & alternative use
COD · Parsippany, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+18.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,120,000
Current use
OFFICE BUILDING
$2,500,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,030,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±10%
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
$236 / 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
$1,617,634
Tax year 2022
Assessed value
$49,544,700
Assessed 2023
Previous assessed
$49,544,700
+0.0% YoY
Effective rate
3.26%
On assessed value
Land market value
$20,228,500
Improvement market value
$30,357,900
Total market value
$50,586,400
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
For Lease
Year built
2002
Heating
NONE
Stories
5
Total area
11,353 SF
Lot
9.29 ac (404,585 SF)
Zoning code
COD
APN
29 00735-0000-00001- 05
UPID
US59-1697587
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
COD · Parsippany, NJ
Zoning COD · permitted uses
COD · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (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
2002
Heating
NONE
Stories
5
Lot
9.29 ac
Current owner
From public records · entity-resolved
300 Kimball Drive LLC
Entity
Mailing address
20 COMMERCE DR, CRANFORD, NJ 07016-3612
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2025
—
300 Kimball Drive LLC
—
Deed
related
$40,500,000 · Oak Kimball LLC
Dec 12, 2024
—
300 Kimball Drive LLC
—
Deed
related
$22,000,000 · Broadview Captial LLC
Jun 22, 2023
—
Kimball Drive LLC
—
Deed
related
$6,000,000 · Valley Boulevard Reit LLC
Dec 30, 2022
—
300 Kimball Drive LLC
300 Kimball Nj LLC
Deed
$46,000,000 · Signature Bank
Mar 5, 2019
$66,000,000
300 Kimball Nj LLC
New Jersey Kimball LLC
Grant Deed
—
Apr 26, 2012
—
New Jersey Kimball LLC
State Farm Mutual Automobile I
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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