Parsippany, NJ High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Parsippany, New Jersey Market population: 53K. Browse multifamily, office, retail, industrial, and mixed-use investment...
Advertisement
12 properties found
.png)
Investor Pitch Deck
Don’t just search properties. See why investors choose REI Capital.
Before you compare every deal alone, download the REI Capital investment pitch and see our growth story, strategy, and next-step materials.
.png)
⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Parsippany NJ Properties: 1.8900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Parsippany NJ
Common questions from investors exploring commercial real estate in Parsippany NJ.
What makes Parsippany, NJ an attractive market for real estate investment?
+
The combination of a high median household income of $105,919, a relatively low poverty rate of 4.3%, and a strong health insurance coverage rate of 95.5% suggests a stable and secure market for investors, with a diverse population of White, Asian, and Hispanic residents.
How does the commute time and transportation infrastructure impact the quality of life for residents in Parsippany, NJ?
+
The average commute time of 34.4 minutes, with a mix of drive alone, public transit, and work-from-home options, indicates a relatively convenient and flexible transportation infrastructure, which, combined with a high health insurance coverage rate of 95.5%, contributes to a good quality of life for residents and a stable rental market.
What are the key industries driving the economy in Parsippany, NJ, and how do they impact real estate investment?
+
The top industries in Parsippany, NJ, including Professional, Scientific, & Management, Finance & Insurance, and Healthcare & Social Assistance, drive a strong and diverse economy, which, coupled with a high median property value of $434,800 and a low poverty rate of 4.3%, suggests a high demand for housing and a potential for long-term appreciation in property values.
How does the ethnic diversity and demographic makeup of Parsippany, NJ impact the local real estate market?
+
The diverse population of Parsippany, NJ, with 57.3% White, 23.8% Asian, and 14.4% Hispanic residents, contributes to a vibrant and dynamic community, which, combined with a high median household income of $105,919 and a strong employment rate, suggests a stable and growing demand for housing and a potential for increased property values over time.
What are the implications of the high homeownership rate and median property taxes in Parsippany, NJ for real estate investors?
+
The high homeownership rate of 74.1% and median property taxes of $12,485 in Parsippany, NJ, indicate a strong and established community, which, combined with a low poverty rate of 4.3% and a high health insurance coverage rate of 95.5%, suggests a low risk of vacancy and a potential for long-term appreciation in property values, making it an attractive market for real estate investors.
Parsippany NJ Real Estate & City Facts
Key facts and real estate information about Parsippany NJ.
What are some of the best neighborhoods to live in Parsippany?
+
Some of the best neighborhoods to live in Parsippany include Lake Intervale, Lake Hiawatha, Lake Parsippany, Rainbow Lakes, and Mount Tabor. These neighborhoods offer a unique charm and easy access to amenities like shopping plazas, restaurants, and live entertainment, all while being surrounded by nature. For example, Hunting Ridge is a peaceful and safe neighborhood with clean, tree-lined streets, and Lake Parsippany is a desirable area with a mix of housing options.
What are some fun things to do in Parsippany?
+
There are plenty of fun things to do in Parsippany, including visiting Lake Parsippany Park, Old Troy County Park, and Veteran's Memorial Park. You can also check out the Parsippany Rock House, Cross Estate Gardens, and Morristown Game Vault. If you're looking for something to do with kids, the Laundromat is a great option. Additionally, the city hosts events like the Parsippany-Troy Hills' Fall Festival, which offers a range of activities and entertainment.
What is the food scene like in Parsippany?
+
The food scene in Parsippany is diverse and offers a range of options. Some popular restaurants include Gourmet Cafe Restaurant, Eccola, Marakesh Inc, and Shan Shan. You can also find great casual eateries like Hapgoods Resturant, Fusion 27, and Norte 175. If you're in the mood for something specific, there are plenty of options to choose from, including Italian, Asian, and American cuisine. There are also plenty of great food trucks and cafes to grab a quick bite or coffee.
What are the pros and cons of living in Parsippany?
+
The pros of living in Parsippany include its convenient location, with easy access to major highways and public transportation. The city also offers a range of amenities, including parks, restaurants, and shopping centers. However, some cons include the high cost of living, with median property values and taxes being relatively high. Additionally, traffic can be a issue in certain areas, especially during rush hour. Overall, Parsippany is a great option for those who want a mix of urban and suburban living, but it's essential to weigh the pros and cons before making a decision.
Is Parsippany a good place to live?
+
Parsippany is a great place to live for those who want a mix of urban and suburban living. The city offers a range of amenities, including parks, restaurants, and shopping centers, and is conveniently located near major highways and public transportation. While the cost of living is relatively high, the city's strong economy and low poverty rate make it an attractive option for families and professionals. However, it's essential to consider the pros and cons, including traffic and high taxes, before making a decision. Overall, Parsippany is a great option for those who want a comfortable and convenient lifestyle, with plenty of opportunities for entertainment, dining, and outdoor activities.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Parsippany NJ Commercial Property: $105,919
Advertisement
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
Advertisement
⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
Advertisement
⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
Advertisement