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Property profile

5 Century Dr Parsippany, NJ 07054

OFF-MARKET
Other commercial real estate
Property ID
US59-0156329
81,579 SF 5.81 ac lot Built 1979
Last sale Jul 2016 · $15,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of office space within the three-building Century Campus, totaling approximately 280,000 square feet. The office area provided is 20,273 square feet and is characterized by an extensive window line and flexible floor plates. Campus amenities and improvements include a business lounge with coworking space, a conference and training room, updated common areas (lobbies, corridors, restrooms, café, and courtyard), and a bike share program, with a full-service café located at 6…

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?
$190k
Tax billed · 2023
Assessed value · 2024$5.67M
Assessed land$2.65M
Assessed improvement$3.02M
Effective rate3.35%

Value estimate

· Oct 2026
$7.89M
$7.10M – $8.68M
CAP approach$9.22M
Submarket $/SF estimate$9.27M

Realmo valuation models over county records and 9 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 comparables9

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?
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 Office19.8
Hair Salon17.3

Location

5 Century Dr Parsippany, NJ 07054-4607
County assessor Recorded deeds · 5 transfers 9 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
200 Baldwin, Parsippany, NJ 07054-2010 $18,500,000 Jul 2025 43,148 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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