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Property profile & analytics
OFF-MARKET Estimated value $8,075,000
Commercial real estate

85 Chestnut Rdg Rd Montvale, NJ 07645-1827

57,888 SF 7.7 ac lot Built 1975
Entity Owned 9-yr Hold Free & Clear
Property ID
US59-2729660
Property summary
AI-generated overview

This exceptional two-story Class B office building, totaling 62,250 square feet, presents a unique opportunity for businesses seeking executive office space in Montvale, New Jersey. Built in 1963 and extensively renovated in 2007, the property boasts a modern aesthetic complemented by classic architectural features. Three suites are currently available, ranging from 2,077 to 4,661 square feet, offering flexibility for various business needs. Recent renovations encompassed the exterior façade, landscaping, lobby finishes, elevator cabs, HVAC system, restrooms, and common areas, ensuring a contemporary and comfortable work environment. The property also features attractive outdoor amenities including a courtyard and private patios, along with ample parking. Convenient storage space is also available on-site. The building benefits from prominent monument signage on Chestnut Ridge Road, enhancing visibility and brand recognition. Its strategic location provides easy access to major transportation arteries, including the Garden State Parkway, New York State Thruway, and Route 17, ensuring seamless commutes for employees and clients. Furthermore, the property enjoys proximity to a lifestyle shopping center and hotels/conference centers, offering added convenience and amenities. The building features elevators for easy access to both floors.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Construction TYPE NOT SPECIFIED
Total area 57,888 SF
Lot 7.7 ac (335,412 SF)
APN 36 02701-0000-00003
UPID US59-2729660
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
  • Stephen Goeller, NP Physician
  • Mr. Justin Liddy Physician
  • Dr. Anna Stankiewicz, MD Pediatrician Physician
  • Valley Medical Group - Primary & Walk-In Care - Montvale - Chestnut Ridge Road Medical Clinic
  • Wonder Computers Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.75M
Blend (final) Blend
$8.08M
Owner & transaction history
County Of Bergen · 9 yrs held
County Of Bergen
since 2017
3 recorded transactions
2017
Price N/A
2008
$10.1M
2006
$5.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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