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Property profile & analytics
OFF-MARKET
Estimated value
$13,930,000
Industrial properties
60 Halsey Rd, Parsippany, NJ 07054-3705
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-0045456
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
METAL FRAME
Total area
69,312 SF
Lot
5 ac (217,800 SF)
Zoning code
SD5A
APN
29 00737-0000-00010
UPID
US59-0045456
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
-
CYCLE Kids Bicycles (Bike/Boat/Book/etc) Store
-
Genesis Bikes (Bike/Boat/Book/etc) Store
-
iBert Inc Marketing & Advertising IT Consulting Firm
-
Kent International Inc. Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.29M
CAP Approach
CAP
$11.97M
Comparable Approach
Comparable
$11.24M
Blend (final)
Blend
$13.93M
Owner & transaction history
Qbl Nj 60 East Halsey Road LLC · 4 yrs held
Qbl Nj 60 East Halsey Road LLC
since 2022
Last sale
$15.3M
4 recorded transactions
Zoning & alternative use
SD5A · Parsippany, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.3M
+23.3%
Commercial (general)
$13.0M
+4.5%
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
$18,505,000
ML approach
$11,285,000
CAP Approach
CAP Return
Estimation
6%
$12,965,000
6.5%
$11,970,000
7%
$11,115,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,390,000
Current use
OFFICE BUILDING
$15,275,000
Change: +23% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,950,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$13.93M
Range $12.54M – $15.32M · ±10% · vs last sale $15.30M (Feb 10 2022)
Last sale anchor
$15.30M
Feb 10 2022
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
$201 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$146,925
Tax year 2022
Assessed value
$4,500,000
Assessed 2023
Previous assessed
$4,500,000
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$750,000
Assessed improvement
$3,750,000
Land market value
$750,000
Improvement market value
$3,750,000
Total market value
$4,500,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Construction
METAL FRAME
Heating
NONE
Stories
1
Total area
69,312 SF
Lot
5 ac (217,800 SF)
Zoning code
SD5A
APN
29 00737-0000-00010
UPID
US59-0045456
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
SD5A · Parsippany, NJ
Zoning SD5A · permitted uses
SD5A · 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) Current
Est. value
$12.4M
OFFICE BUILDING
Est. value
$15.3M
COMMERCIAL (GENERAL)
Est. value
$13.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (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
Construction
METAL FRAME
Heating
NONE
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
Qbl Nj 60 East Halsey Road LLC
Entity
Free & Clear · 4 yrs held
Mailing address
13218 W BROWARD BLVD, PLANTATION, FL 33325-2228
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2022
$15,300,000
Qbl Nj 60 East Halsey Road LLC
Lfri Halsey Logistics LLC
Bargain And Sale Deed
—
Aug 14, 2019
$8,000,000
Lrf1 Halsey Logistics LLC
Halsey Road Associates LLC
Grant Deed
—
Sep 12, 1989
$400,000
Ali Amin
Unknown
Grant Deed
—
—
—
Halsey Road Associates LLC
—
Deed Of Trust
related
$602,478 · Valley National Bank
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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