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Property profile

4 Century Dr Parsippany, NJ 07054

FOR LEASE
Other commercial real estate
Property ID
US59-3154989
96,368 SF 7.96 ac lot Built 1982
Last sale Dec 2024 · $1,108,465
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This office space is located within Century Campus, a three-building office complex totaling approximately 280,000 square feet. Improvements and amenities associated with the campus include a business lounge with coworking space, a conference and training room, a bike share program, and recent updates to common areas such as lobbies, corridors, restrooms, a café, and a courtyard; a full-service café operates at 6 Century Drive. The suite features an extensive window line and flexible floor…

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 · 2023

What does the county charge?
$247k
Tax billed · 2023
Assessed value · 2024$7.38M
Assessed land$3.78M
Assessed improvement$3.60M
Effective rate3.35%

Value estimate

· Oct 2026
$1.09M
$981k – $1.20M
Submarket $/SF estimate$6.76M
NOI build-up
Gross scheduled income$3.00M
Vacancy & credit loss−$960k
Operating expenses−$510k
NOI · 6,122,204.00% cap applied$1.53M

Realmo valuation models over county records and 7 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 comparables7

Cap rate analysis

How does the asset earn?
6,122,204.00%
$1.53M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
ROL
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply19.9
Dental Office17.3
Hair Salon17.3

Location

4 Century Dr Parsippany, NJ 07054
County assessor Recorded deeds · 8 transfers 7 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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