Realmo Analytics
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Property summary
This exceptional investment opportunity presents a 4,000-square-foot LensCrafters storefront in Paramus, New Jersey, situated on a 0.28-acre lot. The property, fully renovated in 2022, boasts a prime location on Route 17, a major commercial artery with high daily traffic volume (94,127 vehicles per day), and enjoys close proximity to the Garden State Parkway (156,930 vehicles daily). The property benefits from its position as an outparcel to the Fashion Center Paramus, sharing a location with… prominent retailers such as Amazon Fresh, Best Buy, and TJ Maxx. This single-tenant, net lease property features a 10-year lease (commencing November 15, 2022, and expiring November 15, 2032) with a corporate guarantee from Luxottica of America, Inc., ensuring financial stability. The lease includes rent bumps and offers a strong net operating income (NOI) of $300,000, resulting in a 5.25% cap rate. The asking price is $5,714,000. The property's 17 dedicated parking spaces provide a convenient 4.25 parking spaces per 1,000 square feet. The high-income demographics within a 3-mile radius ($230,124 average household income) further enhance the investment's appeal. This is a 1031 exchange eligible property. The property is less than 18 miles from Downtown NYC. This is a rare opportunity to acquire a high-performing, low-management retail investment with a strong tenant and excellent location.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
11 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 4,000 SF
- Lot area
- 0.28 ac
- Year built
- 2022
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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