Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Building with Outdoor Patio Title is generated by Realmo AI

    5 Paragon Dr, Montvale, NJ 07645

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    Well-appointed office building with rear paver patio, full-service dining, and on-site fitness in an emerging live-work-play area.

    Type:Office
    Property size:
    31,306 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:48 am

    Property Features for 5 Paragon Dr

    General Information

    Standard status
    Active
    Size
    31,306 SF
    Property subtype
    Office

    Spaces For Lease

    at 5 Paragon Dr Contact us

    We can help!

    Listing Contact
    Rick Genthe
    Rick Genthe

    Listing agent Rick Genthe

    Listing office Lincoln Property Company | New Jersey

    Listing date Jun 2, 2026

    Source Lpc

    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 Lincoln Property Company | New Jersey

    HighLights

    • Office building at 5 Paragon Drive less than 1 mile from the Garden State Parkway and about 2 miles from Montvale Railroad Station
    • On‑site full‑service cafeteria with outdoor seating and an on‑site fitness center with shower
    • Large solar array installed in 2020 on the roof
    • Extensively landscaped grounds with mature indigenous trees, grass lawn, decorative plantings, and a rear patio with concrete pavers
    • Electric car charging stations on‑site
    • Near major retail and dining, including Shoppes at DePiero Farm (231,000 SF) anchored by a 108,000 SF Wegmans

    Overview

    5 Paragon Drive is an office building designed to support a comfortable daily work routine. The property includes a full-service cafeteria with outdoor seating and an on-site fitness center with shower facilities. Grounds are extensively landscaped with mature indigenous trees, a grass lawn, and decorative plantings, and there is a rear patio with concrete pavers for informal outdoor use. A large solar array was installed on the roof in 2020, and electric car charging stations are available on site.

    The location places the property less than one mile from the Garden State Parkway and about two miles from the Montvale Railroad Station. The surrounding area is positioned around a growing live-work-play environment with upscale restaurants and shopping nearby, including the Shoppes at DePiero Farm, a 231,000 sf lifestyle center anchored by a new 108,000 sf Wegmans supermarket. Triboro Square is also nearby and nearing completion, with 139,000 sf of retail, 308 residential units, and a 150-room hotel featuring Courtyard by Marriott Montvale and the Park Ridge Marriott.

    For tenants looking for an office setting with on-site amenities and outdoor space, this property offers a practical, campus-style option. Its emphasis on workday convenience, along with modern sustainability upgrades and EV charging, can appeal to teams that want a supportive environment within a rapidly developing retail and residential corridor.
    Location Intelligence

    Current Use by Public Records

    Gotham Technology Group ... (Bike/Boat/Book/etc) Store Classic Cafe Management Restaurant Liberty Travel Inc. Travel Agency Travel Associates Travel Agency Farmer's Fridge Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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

    Nearby Similar for Lease

    • Contact for pricing
      1,871 SF

      Medical/Office Building For Lease

      Medical/office suites available for lease in Montvale, New Jersey.
      160 Summit Ave, Montvale, NJ 07645
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in CVS Center

      Retail space available in Montvale's CVS Center on Kinderkamack Road.
      20 S Kinderkamack Rd, Montvale, NJ
      View Details
    • Contact for pricing
      1,980 SF

      Premier Shopping Center in Montvale

      Premier shopping center serving affluent Northern NJ communities.
      2-20 Chestnut Ridge Rd, Montvale, NJ
      View Details
    • Contact for pricing
      2,250 SF

      Montvale Office/Retail Space Available

      2,250 SF available near Montvale Train Station.
      28 S Kinderkamack Rd, Montvale, NJ
      View Details
    • Contact for pricing
      31,306 SF

      Montvale Office Space For Lease

      Office space for lease near transit and amenities.
      5 Paragon Dr, Montvale, NJ
      View Details
    • Contact for pricing
      2,585 SF

      Montvale Office Sublease Opportunity

      Office space available for sublease in Chestnut Ridge Plaza.
      102 Chestnut Ridge Rd, Montvale, NJ
      View Details

    FAQs

    What type of property is this?
    Office building - Well-appointed office building with rear paver patio, full-service dining, and on-site fitness in an emerging live-work-play area.
    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: Office building at 5 Paragon Drive less than 1 mile from the Garden State Parkway and about 2 miles from Montvale Railroad Station; On‑site full‑service cafeteria with outdoor seating and an on‑site fitness center with shower; Large solar array installed in 2020 on the roof
    (973) 599-0050
    We can help!
    Listing Contact
    Rick Genthe
    Rick Genthe
    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

    Thank You for Inquiry
    5 Paragon Dr, Montvale, NJ 07645
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!