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    5 Paragon Dr Montvale, NJ 07645

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    For Lease
    Contact for pricing

    Office space for lease near transit and amenities.

    Property size:
    31,306 SF
    Lot size:
    16.42 Acres

    Property Features for 5 Paragon Dr

    General Information

    Size
    31,306 SF
    Lot size
    16.42 Acres

    Source: Lincoln Property Company | New Jersey Agent Rick Genthe

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

    Overview

    Montvale Office Space For Lease

    Located less than one mile from the Garden State Parkway and two miles from the Montvale Railroad Station, 5 Paragon Drive is positioned within an emerging live-work-play community. The property features extensive landscaping with mature trees, grass lawns, and decorative plantings, complemented by a rear patio with concrete pavers. Amenities include a full-service cafeteria with outdoor seating and an on-site fitness center with showers. A large solar array was installed on the roof in 2020. The property is located approximately two miles from the NJ Transit Montvale Railroad Station. Upscale restaurants and shopping are in close proximity, including the Shoppes at DePiero Farm, a 231,000 square foot lifestyle center anchored by a 108,000 square foot Wegmans supermarket, and Triboro Square, which is nearing completion and will consist of 139,000 square feet of retail space, 308 residential units, and a 150-room hotel. The Courtyard by Marriott Montvale and the Park Ridge Marriott are also located nearby. Electric car charging stations are available. The property offers 31,306 square feet of office space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Gotham Technology Group ... Software Company Classic Cafe Management Restaurant Liberty Travel Inc. Travel Agency Travel Associates Travel Agency Farmer's Fridge Self Service Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Montvale
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0569767
    Latitude
    41.0528823

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    FAQs

    What type of property is this?
    Office building - Office space for lease near transit and amenities.
    Where is this office building located?
    The property is located at 5 Paragon Dr Montvale, NJ.
    What are key features of this property?
    This property features: - Proximity to upscale restaurants and shopping, including Wegmans supermarket and Triboro Square (retail, residential, hotel).; - Convenient location: less than one mile from the Garden State Parkway and two miles from the Montvale Railroad Station.; - On-site fitness center with shower facilities.
    (973) 599-0050
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    5 Paragon Dr Montvale, NJ 07645
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    Realmo Value Estimation

    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.

    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.

    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
    5 Paragon Dr Montvale, NJ 07645
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