855-857 Rte 46Parsippany, NJ 07054

  • Hospitality properties
  • 6,076 SF
Off market
$4,189,900 Estimated

Property Details for 855-857 Rte 46

Year built
1982
Construction
METAL FRAME
Lot size
3.44 AC
Property size (Sq ft)
6,076 SF
Zone code
B-1
Property type
Hospitality properties
Property subtype
Motels
APN
29 00722-0000-00005
APU
2900722000000005

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,258,387
    6.5%
    $1,161,588
    7%
    $1,078,618
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,868,149
    Geo Method
    $1,865,642
  • Alternative Use

    Use
    Valuation
    Residential
    $1,268,117
    Hospitality
    $1,161,588
    Educational
    $966,428
    Medical
    $999,665
    Retail
    $1,503,332
855-857 Rte 46, Parsippany, New Jersey

Location Insight

City
Parsippany
County
Morris
State
New Jersey
Latitude
40.8614
Longitude
-74.3781
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
$99,199
$1,043,500
$3,146,400
$4,189,900
-
$1,043,500
$3,146,400
$4,189,900

FAQs

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