Property profile

480 State Rt 17 Paramus, NJ 07652

OFF-MARKET
Commercial real estate
Property ID
US59-0546332
4,204 SF Built 1985
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office space, located at 480 N State Rt 17 in Paramus, New Jersey, presents a compelling investment opportunity. While the square footage is currently unavailable, the property's strategic location on State Route 17 offers unparalleled visibility and accessibility. Situated in Paramus, a thriving commercial hub in Bergen County, this office enjoys convenient access to major transportation arteries, making it an attractive option for businesses seeking a prominent presence. The property is offered at $1,695,000. The listing does not specify the size of the building in square feet, but its prime location and asking price suggest a significant opportunity for a business seeking a well-positioned office space in a high-traffic area. Further details regarding the building's internal layout, amenities, and specific features are available upon request. Given the lack of acreage information (0 acres listed), the property is likely a building situated on a smaller lot, typical of commercial properties in this densely populated area. Interested parties are encouraged to inquire for a comprehensive property overview and to schedule a viewing. This is a rare opportunity to acquire a well-situated office space in a highly desirable location. The asking price reflects the property's prime location and potential for significant return on investment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1985
Total area 4,204 SF
APN 46 05202-0000-00004
UPID US59-0546332

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

480 State Rt 17 Paramus, NJ 07652-3017
Paramus metro Census 42302 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.13M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.68M
Blend (final) Blend
$2.19M

Owner & transaction history

since 2022
Last sale
$2.0M
2 recorded transactions
2023
Price N/A
2022
$2.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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