Mixed-Use Flex Property For
117 Fort Lee Rd, Leonia, NJ 07605
For Sale
Contact for pricing
Renovated mixed-use flex property with car wash, office, industrial space.
Property Size21,945 SF
Price / SF$239.23
Days on Market259
Property Features for 117 Fort Lee Rd
General Information
Standard status
Size
Class
Property subtype
Occupancy
Building Details
Stories
Units
Listing Agency:
Cervelli Real Estate & Property Management
Listed By:
Chris Cervelli · License NJ #9807944
(201) 390-5421
Source:
Crexi
Added: Feb 27
Changed: Nov 10
Last Checked: Nov 12 at 7:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cervelli Real Estate & Property Management
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Investment Insights
Based on property information with market context.
This renovated mixed-use flex property is located in Bergen County, adjacent to Overpeck County Park. The property, totaling 21945 square feet, features a combination of car wash, office, and industrial space, along with private parking. The building has high occupancy with upside potential. Enhancements include new windows, an updated exterior facade, and renovated common areas. The property is located 2 miles from the George Washington Bridge and 1.5 miles from the NJ Turnpike and Route 80 interchange. It is also located directly across from a proposed light rail station with a planned connection to Hoboken.
Key Highlights
- Prime Bergen County location adjacent to Overpeck County Park.
- High occupancy with clear upside potential.
- Renovated with new windows, updated exterior facade, and renovated common areas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$335,600
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,712,000
$6.7M
Cap Rate 7%
$4,794,286
$4.8M
Cap Rate 9%
$3,728,889
$3.7M
Market Conditions
NOI Build-Up for 21,945 SF
Gross rent
$474.0K $21.60/SF
− Vacancy
−$26.5K −$1.21/SF
EGI
$447.5K $20.39/SF
− OpEx
−$111.9K −$5.10/SF
NOI
$335.6K $15.29/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,712,000
Cap Rate 7%
$4,794,286
Cap Rate 9%
$3,728,889
Alternative Uses
Best Use
Specialty Retail
$4.79M
$4.20M – $5.59M
NOI $335,600 @ 7.0% cap · market cap 6.39%
Second Best
Retail
$4.47M
$3.92M – $5.22M
NOI $313,227 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$5.73M
$5.01M – $6.69M
NOI $401,119 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 16%
Bank of America
Shops & Services
5,311 visits/mo
0.3 miles
Domino's Pizza
Dining
1,027 visits/mo
0.4 miles
Demographics for 07605, NJ
9,324
Population
3,581
Households
2.6
Avg Household Size
44
Median Age
61%
College-Educated
92%
High-School Grad
1.5 sq mi
ZIP Area
6,216
Density / Sq Mi
$115,476
Median Household Income
$66,632
Median Earnings
$2,122
Median Rent
$634,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Bergen County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated mixed-use flex property with car wash, office, industrial space.
Where is this mixed-use property located?
The property is located at 117 Fort Lee Rd Leonia, NJ.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Prime Bergen County location adjacent to Overpeck County Park.; High occupancy with clear upside potential.; Renovated with **new windows, updated exterior facade, and renovated common areas.**
