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Property profile & analytics
OFF-MARKET
Estimated value
$21,230,000
Commercial real estate
6 Sylvan Way Parsippany, NJ 07054-3826
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-3066673
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1981
Total area
195,240 SF
Lot
18.64 ac (811,958 SF)
Zoning code
ROL
APN
29 00202-0000-00001- 9
UPID
US59-3066673
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
-
Blink Charging Station Electric Vehicle Charging Station
-
Avis Budget Worldwide Headquarters Corporate Office
-
US Office Corporate Office
-
Tata Consultancy Services Corporate Office
-
ATM Xceed Financial Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$22.05M
Comparable Approach
Comparable
$22.86M
Blend (final)
Blend
$21.23M
Owner & transaction history
Sig 6 Sylvan LLC · 1 yrs held
Sig 6 Sylvan LLC
since 2024
Last sale
$20.0M
6 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%
$23,890,000
6.5%
$22,050,000
7%
$20,475,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$34,905,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$21.23M
Range $19.11M – $23.35M · ±10% · vs last sale $20.00M (Jul 16 2025)
Last sale anchor
$20.00M
Jul 16 2025
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
$109 / 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
$832,432
Tax year 2023
Assessed value
$14,871,000
Assessed 2024
Previous assessed
$14,871,000
+0.0% YoY
Effective rate
5.60%
On assessed value
Assessed land
$11,173,000
Assessed improvement
$3,698,000
Land market value
$11,173,000
Improvement market value
$3,698,000
Total market value
$14,871,000
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
1981
Heating
NONE
Stories
3
Total area
195,240 SF
Lot
18.64 ac (811,958 SF)
Zoning code
ROL
APN
29 00202-0000-00001- 9
UPID
US59-3066673
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$34.9M
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
1981
Heating
NONE
Stories
3
Lot
18.64 ac
Current owner
From public records · entity-resolved
Sig 6 Sylvan LLC
Entity
Mailing address
6 SYLVAN WAY STE #326, PARSIPPANY, NJ 07054-3826
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Oct 7, 2024
—
Sig 6 Sylvan LLC
Sig 6 Sylvan LLC
Intrafamily Transfer
related
—
Apr 30, 2019
$35,000,000
Sig 6 Sylvan LLC
Gpt Sylvan Way Owner LLC
Grant Deed
$28,000,000 · American Heritage FCU
Nov 1, 2018
—
Gpt Sylvan Way Owner LLC
—
Grant Deed
related
$347,670,582 · Barclays Bk Plc Ny
Apr 8, 2015
$47,345,018
Gpt Sylvia Way Owner LLC
Trt Noip Sylvan Way-parsippany
Grant Deed
—
Jul 16, 2010
$36,700,000
Trt Noip Sylvan Way-parsippany
Istar Ctl Sylvan Way-parsippan
Grant Deed
—
May 22, 2008
—
Istar Ctl Sylvan Way-parsippan
Istar Hq 2003
Quit Claim Deed
related
$960,000,000 · General Electric Capital Corp
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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