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24605734
24606017

468 Parish Dr, Wayne, NJ 07470

YM
NJ 0900170
IPRG Investment Property Realty Group
HD
IPRG Investment Property Realty Group
Listed by IPRG Investment Property Realty Group
$3,500,000
350 days on market
Updated 42 days ago

468 Parish Dr

Details
Property Type Office
Sub Type Medical Office
Square Footage 11,500
Units 6
Cap Rate 7.71%
NOI $270,000
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Class B
Year Renovated 2021
Buildings 1
Stories 1
Lot Size (SqFt) 79,410
Zoning R-15
Parking Spaces 50 spaces
Parking Per SqFt 4.35
Investment Type Stabilized

Office | 7.71% CAP | 11,500 SqFt

Marketing description

Presenting 468 Parish Drive, a premier investment property located in the heart of Wayne, New Jersey. This meticulously maintained 11,500 SF building sits on a generous 1.82-acre lot within R-15 zoning, offering a rare combination of stability, modern upgrades, and long-term income potential.

Currently fully leased to strong-credited tenants, the property boasts a Weighted Average Lease Term (WALT) of 7.29 years, providing investors with reliable and consistent cash flow. All tenant spaces have been modernized and updated, creating a professional and appealing environment that supports tenant retention and satisfaction. The building offers 50 on-site parking spaces, ensuring convenient access for both employees and patients. Additionally, there are storage units located at the rear of the property, available exclusively for tenant use—an added amenity that enhances tenant value and convenience.

The site also offers potential for additional revenue through possible reconfiguration or future service enhancements. Its strategic location near major highways, including Route 80 and Route 23, provides exceptional connectivity and visibility, making it a highly attractive destination for both tenants and their clients.

This asset represents a unique opportunity to own a turnkey, income-generating property in a high-demand corridor. Ideal for investors seeking a stable portfolio addition with long-term upside.

Investment highlights

• PRIME LOCATION:

Located just over 20 miles to NYC ; 50 Minute Bus to NYC

• STRATEGIC ACCESSIBILITY:

Close to major highways, public transit options, and airports.

• REDEVELOPMENT:

R-15 Zoning: Allowing for flexibility in future development potential

Listing Contacts

YM
NJ 0900170
IPRG Investment Property Realty Group
HD
IPRG Investment Property Realty Group
Listed by IPRG Investment Property Realty Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$270,000.00
$22,500.00/mo

Valuation Metrics

0
DSCR
7.71%
Cap Rate
7.71%
ROI

Map

Zoning

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R-15 ResidentialSingle FamilyResidence 15000 Square Feet
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View all 17 uses
View all 17 uses
Last updated Feb 17, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Yanni Marmarou
License
0900170
Brokerage
IPRG NJ
Title
Real Estate Broker
Brokerage Address
45 Broadway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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