Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    61 S Paramus Rd Paramus, NJ

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7,968 SF Class A office space for sublease.

    Type:OFFICE
    Property size:
    7,968 SF
    Lot size:
    25.40 Acres
    Added:
    Apr 16, 2025
    Days on Market:
    351
    Last Refresh:
    Mar 29 at 10:18 pm

    Property Features for 61 S Paramus Rd

    General Information

    Standard status
    Active
    Size
    7,968 SF
    Lot size
    25.40 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 61 S Paramus Rd Contact us

    We can help!

    Listing Contact
    James Bailey
    James Bailey

    Listing agent James Bailey

    Listing office Colliers | Parsippany

    Listing date Apr 16, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Parsippany

    Overview

    Class A Office Sublease

    This is a 287,700 SF, five-story Class A office building. A 7,968 SF sublease is available on the fifth floor. The building features a renovated lobby and common areas. On-site amenities include a cafeteria, conference center, and lounge. Parking is available at a ratio of 4.0 per 1,000 SF. The property is located directly off the Garden State Parkway, providing convenient access to Route 80, Route 4, and Route 208.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Birz Law, LLC Law Firm Christopher Leavy - Raymond ... Financial Advisor Kloock Wealth Management ... Financial Advisor Liberty Mutual Insurance ... Insurance Agency Kreshpane Wealth Management ... Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paramus
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0884
    Latitude
    40.9218

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Mack Cali Center

      140 Ridgewood Ave, Unit 415, Paramus, NJ 07652
      View Details
    • Contact for pricing

      Paramus Office Space Sublease Opportunity

      Ground floor 2,459 SF suite ideal for healthcare or office use.
      10 Forest Avenue, Paramus, NJ 07652
      View Details
    • $26/mo

      Four-Story Atrium Office Building

      80,000 SF office building with recent renovations and parking.
      1 Kalisa Way, Paramus, NJ
      View Details
    • $123,123/mo

      89 HUDSON ST #402, Hoboken, NJ 07030

      Luxurious co-working space with private offices in downtown Hoboken.
      140 E Ridgewood Ave, Unit 402, Paramus, NJ 07652
      View Details
    • Contact for pricing

      Shared Office Suite For Rent

      Two private offices in a shared suite with included utilities.
      16 Arcadian, Paramus, NJ 07652
      View Details
    • $32/mo

      Class A Office Building

      Five-story office building with high-speed telecommunications and ample parking.
      45 Eisenhower Dr, Paramus, NJ
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Operating salon/spa space available in Paramus, New Jersey.
      469 N State Rt 17, Paramus, NJ
      View Details
    • Contact for pricing

      Retail End Cap Space Available

      4,071 SF retail space with high traffic and visibility.
      332 E State Rt 4, Paramus, NJ
      View Details
    • Contact for pricing

      Paramus Office Space for Lease

      Office suites available in Paramus, adjacent to Bergen Town Center.
      210 Route 4 East, Paramus, NJ 07652
      View Details
    • Contact for pricing

      Retail Space Near Paramus Park

      Retail space available in family-friendly shopping center near Paramus Park.
      700 Paramus Park, Paramus, NJ
      View Details
    • Contact for pricing

      Prime Retail Space on Route 17

      Available retail space in a densely populated Paramus location.
      30 A And S Dr, Paramus, NJ
      View Details
    • Contact for pricing

      Prime Retail Space on Route 4

      High-traffic retail hub in Bergen County with flexible spaces.
      153 E State Rt 4, Paramus, NJ
      View Details

    FAQs

    What type of property is this?
    Office units - 7,968 SF Class A office space for sublease.
    Where is this office units located?
    The property is located at 61 S Paramus Rd Paramus, NJ.
    What are key features of this property?
    This property features: Class A office building with renovated lobby and common areas.; Convenient location directly off Garden State Parkway with easy access to Route 80, Route 4 and Route 208.; Enjoy the on‑site cafeteria, conference center and lounge.
    (201) 615-3170
    We can help!
    Listing Contact
    James Bailey
    James Bailey
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!