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Property profile & analytics
FOR LEASE
Commercial real estate
61 S Paramus Rd, Paramus, NJ 07652
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-2078673
For Lease
1 / 2
$40 SF/Yr
61 S Paramus Rd, Paramus, NJ 07652
View Listing →
Property profile
Verified
Property type
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Birz Law, LLC Law Firm Child Welfare Organization
-
Christopher Leavy - Raymond James Financial Advisor
-
Kloock Wealth Management - UBS Financial Services Inc. Financial Advisor
-
Liberty Mutual Insurance - Allison Barrett Insurance Agency
-
Kreshpane Wealth Management - UBS Financial Services Inc. Financial Advisor
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
Fm Sixty One Paramus LLC · 2 yrs held
Fm Sixty One Paramus LLC
since 2024
3 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$124 / 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
$739,970
Tax year 2022
Assessed value
$48,892,100
Assessed 2023
Previous assessed
$48,892,100
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$18,375,000
Assessed improvement
$30,517,100
Land market value
$18,375,000
Improvement market value
$30,517,100
Total market value
$48,892,100
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
For Lease
Year built
2000
Construction
BRICK
Heating
NONE
Stories
5
Units
1
Total area
242,048 SF
Lot
25.4 ac (1,106,424 SF)
APN
46 00102-0000-00001
UPID
US59-2078673
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
2000
Construction
BRICK
Heating
NONE
Stories
5
Units
1
Lot
25.4 ac
Current owner
From public records · entity-resolved
Fm Sixty One Paramus LLC
Entity
Mailing address
362 5TH AVE STE #901, NEW YORK, NY 10001-2252
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2024
—
Fm Sixty One Paramus LLC
G&i Ix South Paramus LLC
Ground Lease
related
$33,600,000 · Societe Generale Financial Corp
Dec 1, 2017
—
61 South Paramus LLC
—
Grant Deed
related
$83,927,500 · Compass Bk
—
—
Mack Cali Realty
—
Deed Of Trust
related
$15,776,000 · Prudential Insurance Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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