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Property profile & analytics
OFF-MARKET
Estimated value
$6,235,000
Commercial real estate
4 Century Dr Parsippany, NJ 07054-4606
Entity Owned
~
Est. High Equity
Property ID
US59-3154989
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Total area
96,368 SF
Lot
7.96 ac (346,825 SF)
Zoning code
ROL
APN
29 00202-0000-00001- 2
UPID
US59-3154989
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
-
d3 Medicine, LLC Industrial Manufacturer Production Facility
-
Cuyler Burk Law Firm Insurance Agency
-
Hoffmann & Baron, LLP Law Firm
-
Mc Elroy Deutsch Mulvaney Law Firm
-
American Financial Network a Simplicity Company Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.76M
Blend (final)
Blend
$6.24M
Owner & transaction history
4 & 6 Parsippany Owner LLC
4 & 6 Parsippany Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
ROL · 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
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
Blend value · Realmo final
$6.24M
Range $5.61M – $6.86M · ±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
$65 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$246,955
Tax year 2023
Assessed value
$7,378,400
Assessed 2024
Previous assessed
$7,378,400
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$3,777,200
Assessed improvement
$3,601,200
Land market value
$3,777,200
Improvement market value
$3,601,200
Total market value
$7,378,400
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
Off-Market
Year built
1982
Heating
NONE
Stories
3
Total area
96,368 SF
Lot
7.96 ac (346,825 SF)
Zoning code
ROL
APN
29 00202-0000-00001- 2
UPID
US59-3154989
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
ROL · Parsippany, NJ
Zoning ROL · permitted uses
ROL · 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
1982
Heating
NONE
Stories
3
Lot
7.96 ac
Current owner
From public records · entity-resolved
4 & 6 Parsippany Owner LLC
Entity
Mailing address
4 CENTURY DR, PARSIPPANY, NJ 07054-4606
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2025
—
4 & 6 Parsippany Owner LLC
456 Parsippany Rollup LLC
Deed
$12,000,000 · German American Capital Corp
Dec 12, 2024
$1,108,465
Samir K Parikh
Nvr INC
Deed
$700,000 · Nvr Mortgage Finance INC
Oct 15, 2024
—
Nvr INC
Nvr INC
Intrafamily Transfer
related
—
Aug 28, 2024
$1,089,990
Usman Ilyas
Nvr INC
Deed
$871,992 · Nvr Mortgage Finance INC
May 17, 2024
—
Nvr INC
Nvr INC
Intrafamily Transfer
related
—
May 8, 2017
—
456 Parsippany Rollup LLC
456 Parsippany Equities LLC
Dual Purpose Document
related
$12,000,000 · Manufacturers & Traders Tr
Jul 22, 2016
$15,000,000
456 Parsippany Equities LLC
Parsippany 4/5 Realty LLC
Grant Deed
related
—
Jan 19, 2005
$10
Parsippany 4/5 Realty LLC
4 5 & 6 Parsippany LLC
Grant Deed
related
—
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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