316 ParsippanyParsippany, NJ 07054

  • Office properties
  • 2,670 SF
Off market
$3,807,190 Estimated

Property Details for 316 Parsippany

Year built
1970
Construction
FRAME
Lot size
0.38 AC
Property size (Sq ft)
2,670 SF
Zone code
B-3
Property type
Office properties
Property subtype
Office buildings
APN
29 00388-0000-00005
APU
2900388000000005

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $441,431
    6.5%
    $407,475
    7%
    $378,369
  • Comparable approach

    Method
    Valuation
    Relative Method
    $348,862
    Geo Method
    $348,862
  • Alternative Use

    Use
    Valuation
    Residential
    $505,268
    Hospitality
    $462,823
    Educational
    $385,063
    Medical
    $398,306
    Retail
    $598,988
316 Parsippany, Parsippany, New Jersey

Location Insight

City
Parsippany
County
Morris
State
New Jersey
Latitude
40.8552
Longitude
-74.4266
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$10,477
$187,500
$133,400
$320,900
-
$187,500
$133,400
$320,900

FAQs

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