Financial
Distress signals
Property profile

90 E Halsey Rd Parsippany, NJ 07054

FOR LEASE
Commercial real estate
Property ID
US59-3123497
99,395 SF 6.85 ac lot Built 1986
Last sale Aug 2015 · $4,906,469
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Class A office building, Halsey Corporate Center, offers 98,149 square feet of prime office space in Parsippany-Troy Hills, New Jersey. Located at 90 E Halsey Rd, 07054, this single, three-story building sits on a 6.85-acre lot and boasts a strong 89% occupancy rate. The property features a modern atrium lobby and a full-service cafeteria, catering to the needs of its diverse tenant base. Recent capital improvements exceeding $4.3 million have enhanced the building's

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$229k
Tax billed · 2022
Assessed value · 2023$7.01M
Assessed land$4.11M
Assessed improvement$2.90M
Effective rate3.26%

Value estimate

· Sep 2026
$9.65M
$8.68M – $10.61M
CAP approach$11.23M
Submarket $/SF estimate$11.30M
NOI build-up
Gross scheduled income$188k
Vacancy & credit loss−$60k
Operating expenses−$32k
NOI · 355,811.11% cap applied$96k

Realmo valuation models over county records and 3 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 comparables3

Cap rate analysis

How does the asset earn?
355,811.11%
$96k 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?
SD5A
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant17.9
Building Supply16.7
Wholesale Shop15.9

Location

90 E Halsey Rd Parsippany, NJ 07054
County assessor Recorded deeds · 5 transfers 3 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?”
More about this property
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