Property profile

61 Paramus Rd Paramus, NJ 07652

OFF-MARKET
Other commercial real estate
Property ID
US59-2078673
242,048 SF 25.4 ac lot Built 2000
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a five-story Class A office building with a total size of 287,700 square feet. It features a renovated lobby and common areas. On-site amenities include a cafeteria, conference center, and lounge. The building provides on-site parking at a ratio of 4.0 spaces per 1,000 square feet. The location is directly off the Garden State Parkway, with access to Route 80, Route 4, and Route 208.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2000
Construction BRICK
Total area 242,048 SF
Lot 25.4 ac (1,106,424 SF)
APN 46 00102-0000-00001
UPID US59-2078673

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Law Firm Child Welfare Organization
  • Financial Advisor
  • Financial Advisor
  • Insurance Agency
  • Financial Advisor

Location

61 Paramus Rd Paramus, NJ 07652-1236
Paramus metro Census 42500 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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$29.98M

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2017
Price N/A
1969
Price N/A

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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