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    695 Rt-17 Paramus, NJ 07652

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    For Sale
    Contact for pricing

    Fully Leased Strip Center, High Traffic Area

    Property size:
    13,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,900 square foot multi-tenant shopping center is located at 695 Route 17 in Paramus, New Jersey, within Bergen County (zip code 07652). Built in 1960, the property boasts 100% occupancy with strong, long-term tenants, including a recently signed feminine urgent care facility. The center enjoys a prime retail location in the heart of the Paramus market, benefiting from excellent visibility and accessibility from both sides of Route 17. This high-traffic area sees over 160,000 vehicles daily. The property's strategic location offers convenient access to Route 4 and the Garden State Parkway, further enhancing its appeal and accessibility. Its proximity to the new Valley Hospital (within 2 miles) adds to its desirability. The property generates a strong net operating income (NOI) due to the stable tenancy and prime location. This presents a compelling investment opportunity for those seeking a fully leased, high-performing retail asset in a thriving market. The property is classified as Retail, Subtype Shopping Center.

    Property Features for 695 Rt-17

    General Information

    Property type
    Lifestyle centers
    Square Feet
    13,900 SF

    Building Details

    Year Built
    1960

    HighLights

    • Strong net operating income (NOI) supported by long‑term leases.
    • New, women's‑focused urgent care facility recently signed a lease.
    • Excellent retail location in the core of Paramus's thriving market.
    • High visibility and accessibility from both sides of Route 17.
    • Easy access to Route 4 and the Garden State Parkway.
    • High traffic count exceeding 160,000 vehicles daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Paramus
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0791898
    Latitude
    40.9680044

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    FAQs

    What type of property is this?
    Lifestyle center - Fully Leased Strip Center, High Traffic Area
    Where is this lifestyle center located?
    The property is located at 695 Rt-17 Paramus, NJ.
    What are key features of this property?
    This property features: Strong net operating income (NOI) supported by long-term leases.; New, women's-focused urgent care facility recently signed a lease.; Excellent retail location in the core of Paramus's thriving market.
    Request Owner's contact information
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    Paramus, NJ 07652
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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
    695 Rt-17 Paramus, NJ 07652
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