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Property profile & analytics
OFF-MARKET
Estimated value
$15,005,000
Commercial real estate
334 State Rt 17, Paramus, NJ 07652
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2150056
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
BRICK
Total area
69,574 SF
Lot
6.71 ac (292,288 SF)
APN
46 03601-0000-00006
UPID
US59-2150056
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.93M
Comparable Approach
Comparable
$17.31M
Blend (final)
Blend
$15.01M
Owner & transaction history
Varlik Investment LLC · 1 yrs held
Varlik Investment LLC
since 2025
Last sale
$15.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$22.9M
+3.7%
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 Paramus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Paramus 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
$11,600,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,175,000
6.5%
$14,930,000
7%
$13,865,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$22,045,000
Current use
APARTMENT HOUSE (5+ UNITS)
$22,855,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$15.01M
Range $13.50M – $16.51M · ±10% · vs last sale $15.60M (Feb 24 2025)
Last sale anchor
$15.60M
Feb 24 2025
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
$216 / 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
$294,549
Tax year 2022
Assessed value
$19,882,400
Assessed 2023
Previous assessed
$19,882,400
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$13,420,000
Assessed improvement
$6,462,400
Land market value
$13,420,000
Improvement market value
$6,462,400
Total market value
$19,882,400
Applied tax rate
46.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
2000
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
69,574 SF
Lot
6.71 ac (292,288 SF)
APN
46 03601-0000-00006
UPID
US59-2150056
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$22.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.9M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
6.71 ac
Current owner
From public records · entity-resolved
Varlik Investment LLC
Entity
Mailing address
340 MADISON AVE RM 3C, NEW YORK, NY 10173-4601
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2025
$15,600,000
Varlik Investment LLC
Tph Route 1 LLC
Deed
$7,800,000 · Unity Bank
Jan 11, 2019
—
Tph Route 17 LLC
—
Deed
related
$12,750,000 · Sterling Nat'l Bk
Oct 13, 2017
—
Tph Route 17 LLC
—
Deed
related
$11,000,000 · Sterling Nat'l Bk
Mar 2, 2017
—
Tph Route 17 LLC
—
Deed
related
$9,100,000 · Sterling National Bank
Oct 20, 2016
—
Tph Route 17 LLC
Tph Route 17 LLC
Quit Claim Deed
related
—
May 15, 2015
—
Tph Route 17 LLC
Trinity Place Holdings INC
Grant Deed
—
—
—
Tph Route 17 LLC
—
Loan Modification
related
$12,750,000 · Sterling Nat'l Bk
—
—
Tph Route 17 LLC
—
Loan Modification
related
$11,000,000 · Sterling Nat'l Bk
—
—
Syms Corp
—
Deed Of Trust
related
$16,800,000 · Bank Of America
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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