Financial
Distress signals
Property profile

343 New Rd Parsippany, NJ 07054

OFF-MARKET
Other industrial properties
Property ID
US59-1423918
27,671 SF 7.25 ac lot Built 1981
Last sale Jan 2006 · $5,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property at 343 New Road, Parsippany, NJ 07054 is a warehouse facility configured for leasing, offering flexible warehouse space designed to accommodate a range of warehouse and related storage/light industrial uses. The listing description does not provide specific building dimensions, interior layout details, or count of features such as offices, loading bays, ceiling height, or parking, and those characteristics would require review of the property documentation for confirmation.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$150k
Tax billed · 2022
Assessed value · 2023$4.45M
Assessed land$793k
Assessed improvement$3.66M
Effective rate3.37%

Value estimate

· Sep 2026
$3.52M
$3.17M – $3.87M
CAP approach$4.78M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$179/SF
County average, outlier-cleaned · 85 recorded sales of this use type
Observed band · Q1–Q3$134 – $250
Qualifying comparables11

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?
LIW2
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.9
Cafe & Coffee Shop9.3
Nail Salon9.2

Location

343 New Rd Parsippany, NJ 07054-4213
County assessor Recorded deeds · 1 transfer 11 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
26 Eastmans, Parsippany, NJ 07054-3703 $6,000,000 Feb 2026 20,730 SF
2 Eastmans, Parsippany, NJ 07054-3703 $7,250,000 Jul 2025 30,447 SF
1 Eastmans, Parsippany, NJ 07054-3702 $1,725,000 Feb 2024 21,865 SF
700 Parsippany, Parsippany, NJ 07054-3712 $1,335,839 Feb 2024 49,930 SF
120 Halsey, Parsippany, NJ 07054-3720 $85,250,000 Nov 2020 60,801 SF
259 New, Parsippany, NJ 07054-4371 $4,600,000 Feb 2020 30,330 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 343 New Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message