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

    828 Pascack Rd Paramus, NJ 07652

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

    1.6-acre undeveloped parcel in a desirable Washington Township location.

    Property Features for 828 Pascack Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Dalia Sakai
    Source: Corcoran

    Listing Agency: EXP REALTY, LLC Listing Agent: Dalia Sakai

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

    Learn more

    Overview

    Undeveloped Parcel in Washington Township

    This 1.6-acre undeveloped parcel is located in Washington Township. The property is situated in a highly desirable area and presents a development or investment opportunity. The parcel includes an easement located in Paramus. Opportunities to acquire 1.6 acres of land in this location are increasingly rare.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Paramus
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0665309
    Latitude
    40.9739405

    Nearby Similar for Sale

    • Contact for pricing
      4,500 SF

      Union Twp Commercial Opportunity

      Commercial property in revitalized downtown Union, NJ with high visibility.
      985 Stuyvesant Ave, Paramus, NJ 07652
      View Details
    • $979,000

      Updated Home on Oversized Lot

      Move-in ready home with modern updates and generous living space.
      219 Farview Ave, Paramus, NJ 07652
      View Details
    • Contact for pricing
      1,588 SF

      Freestanding Building on Route 17

      Highly visible retail building with frontage on Route 17.
      565 N State Rt 17, Paramus, NJ 07652
      View Details
    • Contact for pricing

      Freestanding Building on Route 17

      Highly visible building on Route 17 with high traffic count.
      Paramus, NJ 07652
      View Details
    • Contact for pricing
      3,654 SF

      Paramus Retail Opportunity on Route 17

      Premier retail location with high visibility and traffic count.
      688 N State Rt 17, Paramus, NJ 07652
      View Details
    • Contact for pricing
      21,934 SF

      Medical Office Near Retail Hub

      Medical office space with high visibility and accessibility.
      358 N State Rt 17, Paramus, NJ 07652
      View Details
    • $425,000

      Spacious 65+ Paramus Condo

      Well-maintained 2 bed, 2 bath unit in desirable senior community.
      189 Forest Ave, Paramus, NJ 07652
      View Details
    • Contact for pricing
      2,450 SF

      Retail Space on Route 4

      Retail property for sale with high traffic count.
      81 Rte, Paramus, NJ
      View Details
    • Contact for pricing
      11,783 SF

      Retail Property on Route 17

      Retail property with high visibility and good on-site parking.
      723 Nj-17, Paramus, NJ
      View Details
    • $1,175,000

      Specialty Property for Sale

      Specialty property available for purchase.
      13 Gabriel Ct, Paramus, NJ 07652
      View Details
    • $779,900

      Expanded Ranch with Modern Amenities

      Spacious ranch featuring modern updates and outdoor living spaces.
      191 Haase Ave, Paramus, NJ 07652
      View Details
    • Contact for pricing
      13,900 SF

      Paramus Retail Center - Route 17

      Fully Leased Strip Center, High Traffic Area
      695 Rt-17, Paramus, NJ 07652
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.6-acre undeveloped parcel in a desirable Washington Township location.
    Where is this commercial land located?
    The property is located at 828 Pascack Rd Paramus, NJ.
    What are key features of this property?
    This property features: - 1.6-acre undeveloped parcel in Washington Township; - Located in a highly desirable area; - Blank canvas for development or investment
    (866) 201-6210
    Request Owner's contact information
    828 Pascack Rd Paramus, NJ 07652
    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.
    828 Pascack Rd
    Paramus, NJ 07652
    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
    828 Pascack Rd Paramus, NJ 07652
    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

    We can help!
    Listing Contact
    Dalia Sakai
    (866) 201-6210
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!