Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15 E Midland Ave Paramus, NJ 07652
    Back to Search
    Property profile & analytics

    15 E Midland Ave Paramus, NJ 07652

    View on Map
    • Commercial real estate
    • 205,856 SF
    • 12.12 lot acres
    For Lease
    $32 SF/Yr
    View Listing →
    Office Building Near Paramus Park For Lease
    $32 SF/Yr
    30,000 SF

    Office Building Near Paramus Park

    250,000 SF office building adjacent to Paramus Park Mall.

    15 E Midland Ave, Paramus, NJ
    View Listing
    Property ID
    US59-1719233
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $52,770,000
    Cap Rate Potential
    4.6%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Whitlock Canter LLC / Law Firm
    • Dunn Lambert, LLC / Law Firm
    • Savvas Learning Company LLC / (Bike/Boat/Book/etc) Store / Corporate Office
    • MC² Experience & Events / Advertising Agency / Marketing & Advertising
    • GM Financial Paramus Credit Center / Loan Service

    Property Details for 15 E Midland Ave

    Year built
    2000
    Lot size
    12.12 lot acres
    Property size
    205,856 SF
    Property type
    Commercial real estate
    APN
    46 05303-0000-00006
    APU
    4605303000000006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $47,860,000
      6.5%
      $44,180,000
      7%
      $41,025,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $46,628,000
      Market price range: $46.6M - $94.5M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $65,220,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $67,625,000
      Change: +4% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Paramus
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0706
    Latitude
    40.9506
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $673,781
    $24,240,000
    $22,752,000
    $46,992,000
    -
    $24,240,000
    $22,752,000
    $46,992,000

    Comparable in this City

    • Value Estimation by Request
      2,317 SF

      260 Rte

      Retail properties & Spaces • 2,317 SF
      260 Rte, Paramus, NJ 07652
      View Details
    • Value Estimation by Request
      0.33 Acres

      169 Midland Ave

      COMMERCIAL (GENERAL) • 0.33 Acres
      169 Midland Ave, Paramus, NJ 07652-4137
      View Details
    • Value Estimation by Request
      0.43 Acres

      133 Paramus Rd

      COMMERCIAL (GENERAL) • 0.43 Acres
      133 Paramus Rd, Paramus, NJ 07652
      View Details
    • Value Estimation by Request
      4.70 Acres

      187 Paramus Rd

      COMMERCIAL (GENERAL) • 4.70 Acres
      187 Paramus Rd, Paramus, NJ 07652
      View Details
    • Value Estimation by Request
      1.12 Acres

      743 State Rt 17

      COMMERCIAL (GENERAL) • 1.12 Acres
      743 State Rt 17, Paramus, NJ 07652-3111
      View Details
    • Value Estimation by Request
      3.07 Acres

      Rte 17

      COMMERCIAL (GENERAL) • 3.07 Acres
      Rte 17, Paramus, NJ 07652
      View Details

    Similar Nearby for Sale

    • New
      Contact for pricing
      2,450 SF

      Retail Space on Route 4

      Retail property for sale with high traffic count.
      81 Rte 4, Paramus, NJ 07652
      View Details
    • Contact for pricing
      4,500 SF

      Commercial Property in Union Twp, NJ

      Approved daycare property with high visibility in revitalized downtown Union.
      985 Stuyvesant Ave, Paramus, NJ 07652
      View Details
    • Contact for pricing

      Cape Cod Near Van Saun Park

      4-bedroom Cape Cod near Van Saun Park with expansion potential.
      177 Forest Ave, 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
      1,372 SF

      Paramus Gas Station For Sale

      Gas station on a high traffic road with great visibility.
      345 E Midland Ave, Paramus, NJ 07652
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,396 SF

      Office Space Near Paramus Park

      Five-story office building adjacent to Paramus Park Mall.
      461 From Rd, Paramus, NJ 07652
      View Details
    • Contact for pricing
      3,724 SF

      Four-Story Atrium Office Building

      80,000 SF office building with recent renovations and parking.
      1 Kalisa Way, Paramus, NJ 07652
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Paramus, New Jersey.
      110 Rte 4, Paramus, NJ 07652
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      469 Rte 17, Paramus, NJ 07652
      View Details
    • Contact for pricing

      Stylish Office Space in Paramus

      Fashionable office building in the heart of a shopping mecca.
      140 E Ridgewood Ave, Paramus, NJ 07652
      View Details
    • $42 SF/Yr
      18,000 SF

      Retail Space with Loading Dock

      Retail space with convenient access and prominent signage available for lease.
      102-110 Rte 4, Bogota, NJ 07652
      View Details
    View Listing
    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.
    15 E Midland Ave
    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
    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
    15 E Midland Ave, Paramus, NJ, 07652
    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!