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Property profile & analytics
FOR LEASE
Commercial real estate
5 Paragon Dr Montvale, NJ 07645
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-0886755
For Lease
1 / 12
$14,610,000
5 Paragon Dr, Montvale, NJ 07645
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
Total area
119,025 SF
Lot
16.57 ac (721,789 SF)
APN
36 02002-0000-00003
UPID
US59-0886755
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
-
Gotham Technology Group LLC (Bike/Boat/Book/etc) Store Corporate Office
-
Classic Cafe Management Restaurant
-
Liberty Travel Inc. Travel Agency
-
Travel Associates Travel Agency
-
Farmer's Fridge Restaurant Buffet
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.16M
Blend (final)
Blend
$14.61M
Owner & transaction history
Mobins Solar LLC · 2 yrs held
Mobins Solar LLC
since 2023
Last sale
$14.8M
6 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
$15,815,000
ML approach
$9,745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.61M
Range $13.15M – $16.07M · ±10% · vs last sale $14.75M (Sep 12 2023)
Last sale anchor
$14.75M
Sep 12 2023
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
$123 / 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
$294,049
Tax year 2022
Assessed value
$11,900,000
Assessed 2023
Previous assessed
$11,900,000
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$8,285,000
Assessed improvement
$3,615,000
Land market value
$8,285,000
Improvement market value
$3,615,000
Total market value
$11,900,000
Applied tax rate
36.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
For Lease
Year built
1965
Heating
NONE
Total area
119,025 SF
Lot
16.57 ac (721,789 SF)
APN
36 02002-0000-00003
UPID
US59-0886755
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
1965
Heating
NONE
Lot
16.57 ac
Current owner
From public records · entity-resolved
Mobins Solar LLC
Entity
Free & Clear · 2 yrs held
Mailing address
35 WW ST #202, SPRING VALLEY, NY 10977-4778
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
—
Paragon Drive LLC
—
Deed
related
$15,500,000 · Ridgewood Savings Bank
Sep 12, 2023
—
Mobins Solar LLC
5 Paragon Drive LLC
Lease
—
Sep 12, 2023
$14,750,000
5 Paragon Drive LLC
Nd Xxx LLC
Deed
$11,000,000 · Ridgewood Savings Bank
Jun 18, 2015
$10,673,795
Lsref4 Rebound LLC
Hub Properties Trust
Grant Deed
—
Feb 25, 2011
$20,600,000
Hub Properties Trust
Vv New Jersey I LP
Grant Deed
—
Nov 29, 2004
$28,250,000
Prim Montvale LLC
Msgw Paragon LLC
Grant Deed
—
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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