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Property profile & analytics
OFF-MARKET
Estimated value
$14,270,000
Commercial real estate
1 Paragon Dr Montvale, NJ 07645-1765
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US59-0840471
Property summary
AI-generated overview
This exceptional Class A office space at 1 Paragon Drive in Montvale, New Jersey, offers a prime opportunity for businesses seeking prestigious executive suites. Located in Bergen County, this two-story building boasts a total of 107,000 square feet, with a significant 35,000 square feet currently available for lease. The property is ideally suited for multiple tenants, offering flexible space options ranging from a minimum of 1,600 square feet to a maximum contiguous space of 35,000 square feet. This allows for businesses of various sizes to find the perfect fit for their operational needs. The building features ample parking, ensuring convenient access for employees and clients. The address is 1 Paragon Drive, Montvale, NJ 07645. This location provides easy access to major transportation routes, making commuting a breeze. The property's "Executive Office" subtype signifies a high level of finish and amenities, creating a professional and productive work environment. Don't miss this chance to secure your business's future in this desirable Montvale location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Total area
107,043 SF
Lot
11 ac (479,160 SF)
APN
36 01102-0000-00001
UPID
US59-0840471
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
HESP Solar, LLC Production Facility
-
Reproductive Possibilities, LLC - Surrogate Mother Agency Family Planning Center
-
C.H. Robinson New York City Logistics Company Freight Service
-
Amalgamated Insurance Underwriters Financial Advisor Insurance Agency
-
CAB Flooring General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.14M
Blend (final)
Blend
$14.27M
Owner & transaction history
Paragon Dr 1 LLC · 9 yrs held
Paragon Dr 1 LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Montvale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montvale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.27M
Range $12.84M – $15.70M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$133 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$325,431
Tax year 2022
Assessed value
$13,170,000
Assessed 2023
Previous assessed
$13,170,000
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$5,500,000
Assessed improvement
$7,670,000
Land market value
$5,500,000
Improvement market value
$7,670,000
Total market value
$13,170,000
Applied tax rate
36.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1973
Heating
NONE
Stories
2
Total area
107,043 SF
Lot
11 ac (479,160 SF)
APN
36 01102-0000-00001
UPID
US59-0840471
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
2
Lot
11 ac
Current owner
From public records · entity-resolved
Paragon Dr 1 LLC
Entity
Mailing address
35 WW ST, SPRING VALLEY, NY 10977-4778
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2017
—
Paragon Drive 1 LLC
—
Deed
related
$8,500,000 · Westchester Bk
Jul 5, 2017
$8,600
Paragon Dr 1 LLC
Samson Paragon LLC
Deed
$6,000,000 · The Westchester Bank
Dec 8, 2009
$14,200,000
Samson Paragon LLC
1 Paragon Drive Associates
Grant Deed
related
$10,000,000 · New York Community Bank
Oct 10, 1997
$1,300,000
Partnership Operating
One Paragon Driv
Grant Deed
—
—
—
Mckee Drive Associates LP
—
Deed Of Trust
related
$20,196,000 · Columbia Banking Fed'l S&l
—
—
Samson Paragon LLC
—
Deed Of Trust
related
$9,663,070 · New York Community Bank
—
—
Paragon Drive 1 LLC
—
Loan Modification
related
$8,500,000 · Westchester Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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