Three-Story Mixed-Use
New
For Sale
$1,425,000
1618 Parker Avenue, Fort Lee, NJ 07024
Commercial Sale, Fort Lee, NJ
Property Size3,500 SF
Lot Size0.10 Acres
Price / SF$407.14
Days on Market2
Property Features for 1618 Parker Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Rooms
Laundry Room
Parking
9
Parking features
Assigned, On Street
Lot features
Business District
Directions
Main to Parker, between English & Old Palisade
Standard status
Active
APN
1904354000000015
Size
3,500 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
26000
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
on-site parking
Building Details
Year built
1923
Floors in Building
3
Flooring type
Tile, Wood, Carpet
Building materials
Block, Brick
Roof type
Asphalt
Listing Agency:
REAL
(855) 450-0442
Listed By:
Rich Kim
(551) 303-7977
Added: Oct 20
Last Checked: Oct 21 at 10:06PM
MLS# 2705836R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-story mixed-use property contains 3,500 square feet on a 0.1-acre lot. Built in 1923, the building is fully occupied by a medical office and a skin care and personal services business. C2 zoning is reported for the property.
At 1618 Parker Avenue in Fort Lee, the property has access to Routes 4 and 46, I-95, and the George Washington Bridge. Building features include central air, electric heat, public water and sewer, and a laundry room. Flooring includes tile, wood, and carpet.
At 1618 Parker Avenue in Fort Lee, the property has access to Routes 4 and 46, I-95, and the George Washington Bridge. Building features include central air, electric heat, public water and sewer, and a laundry room. Flooring includes tile, wood, and carpet.
Key Highlights
- 3,500 square feet across three stories
- 0.1‑acre lot
- 100% occupied by a medical office and a skin care/personal services business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,550
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,000
$1.1M
Cap Rate 7%
$765,000
$765.0K
Cap Rate 9%
$595,000
$595.0K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$105.0K $30.00/SF
− Vacancy
−$33.6K −$9.60/SF
EGI
$71.4K $20.40/SF
− OpEx
−$17.9K −$5.10/SF
NOI
$53.6K $15.30/SF
Area
Bergen County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,000
Cap Rate 7%
$765,000
Cap Rate 9%
$595,000
Alternative Uses
Best Use
Office B
$765.0K
$669.4K – $892.5K
NOI $53,550 @ 7.0% cap · market cap 3.76%
Second Best
Healthcare Medical
$744.5K
$651.4K – $868.6K
NOI $52,114 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$913.9K
$799.7K – $1.07M
NOI $63,974 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,990
Businesses Nearby
Explore this area
Business Placement
Demographics for 07024, NJ
40,171
Population
19,748
Households
2
Avg Household Size
46
Median Age
65%
College-Educated
95%
High-School Grad
2.5 sq mi
ZIP Area
16,068
Density / Sq Mi
$105,594
Median Household Income
$71,008
Median Earnings
$2,257
Median Rent
$422,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Medical office and personal services tenants occupy the commercial property.
Where is this mixed-use property located?
The property is located at 1618 Parker Avenue Fort Lee, NJ.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 3,500 square feet across three stories; 0.1‑acre lot; 100% occupied by a medical office and a skin care/personal services business
