Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Space Available Title is generated by Realmo AI

    1619 Palisade #2nd Floor, Fort Lee, NJ 07024

    View on Map
    Claim this Listing
    For Lease
    $5,000/Mo $20 SF/Yr (calc)

    Spacious retail space in high-traffic location, ideal for various businesses.

    Type:Commercial
    Property size:
    3,000 SF
    Added:
    Jan 20, 2026
    Days on Market:
    137
    Last Refresh:
    Apr 5 at 11:22 pm

    Property Features for 1619 Palisade #2nd Floor

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    SANG KOO HAN

    Listing agent SANG KOO HAN

    Listing office C LAND REALTY CO.

    Listing date Jan 20, 2026

    Source Corcoran

    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 C LAND REALTY CO.

    HighLights

    • Prime location with heavy foot traffic and high visibility.
    • Large, spacious second‑floor area of approximately 3,000 SF, ideal for various business uses.
    • Reasonable long‑term triple net (NNN) lease at $20.00 per square foot (base rent $5,000 per month).
    • Located in a high‑potential, rapidly growing business area, close to the main street and Hudson Lights.
    • Free parking available in the rear of the building.
    • Additional approximately 1,300 SF on the third floor is available for storage (base rent $1,000 per month).

    Overview

    This prime retail space, previously a karaoke business, is located in a high-traffic area with excellent visibility. The property is highly recommended for karaoke, after-school programs, martial arts, clinics, Pilates yoga studios, gelato coffee shops, gyms, or private institutes. The second floor offers a large, spacious area of approximately 3,000 square feet, available for business use at $20.00 per square foot (base rent $5,000 per month) with a reasonable long-term triple net (NNN) lease. An additional approximately 1,300 square feet on the third floor is available for storage at a base rent of $1,000 per month. Free parking is available in the rear of the building, along with on-street metered parking. The property is situated in a rapidly growing business area, conveniently close to the main street and one block from Hudson Lights. It is also within walking distance to multiple high-rise residential and condominium buildings. The lease is subject to borough approval.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lee
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9691167
    Latitude
    40.8496702

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Fort Lee

      1 Bridge Plz, Unit 675, Fort Lee, NJ 07024
      View Details
    • $2,900/Mo
      899 SF

      Versatile Space in Prime Location

      Second and third floor space suitable for various businesses.
      1638 Parker #2, Fort Lee, NJ 07024
      View Details
    • $5,300/Mo
      1,930 SF

      Free Standing Building Near Main

      Free standing building near Main Street, ideal for various businesses.
      1633 CENTER, Fort Lee, NJ 07024
      View Details
    • $2,400/Mo
      900 SF

      Downtown Fort Lee Office Space

      Second-floor office space in downtown Fort Lee with parking.
      1646 Center #2, Fort Lee, NJ 07024
      View Details
    • $7,120/Mo
      1,068 SF

      Turnkey Retail with Treatment Rooms

      Retail space with treatment rooms, ready for immediate operation.
      2039 Hudson, Fort Lee, NJ 07024
      View Details
    • $2,050/Mo
      1,662 SF

      Fort Lee Office Space For Rent

      Third-floor office space in central Fort Lee location.
      520 Main St, Fort Lee, NJ
      View Details
    • $4,200/Mo
      1,100 SF

      Professional Office or Retail Suite

      Second floor suite in Fort Lee's business district.
      2033 Lemoine #2, Fort Lee, NJ 07024
      View Details
    • $4,200/Mo
      1,100 SF

      Retail or Professional Office Suite

      Second floor suite in Fort Lee business district.
      2033 Lemoine #201, Fort Lee, NJ 07024
      View Details
    • $3,714/Mo
      1,355 SF

      Medical Office Space For Lease

      1,355 sq ft medical office space for lease.
      2175 Lemoine #402, Fort Lee, NJ 07024
      View Details
    • $1,800/Mo
      600 SF

      Second Floor Office Space Available

      600 SF office space with attic near Main Street.
      1633 Center #2 FL, Fort Lee, NJ 07024
      View Details
    • $2,100/Mo
      1,662 SF

      Fort Lee Office Space For Rent

      1,662 SF office space in central Fort Lee.
      520 Main #305B, Fort Lee, NJ 07024
      View Details
    • $2,900/Mo
      899 SF

      Fort Lee Commercial Space

      Commercial space available in a prime Fort Lee location.
      1638 Parker #2, Fort Lee, NJ 07024
      View Details

    FAQs

    What type of property is this?
    Retail space - Spacious retail space in high-traffic location, ideal for various businesses.
    Where is this retail space located?
    The property is located at 1619 Palisade #2nd Floor Fort Lee, NJ.
    What is the lease rate?
    The lease rate is $5,000 /Mo.
    What are key features of this property?
    This property features: Prime location with heavy foot traffic and high visibility.; Large, spacious second‑floor area of approximately 3,000 SF, ideal for various business uses.; Reasonable long‑term triple net (NNN) lease at $20.00 per square foot (base rent $5,000 per month).
    (201) 917-3830
    We can help!
    Listing Contact
    SANG KOO HAN
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1619 Palisade #2nd Floor, Fort Lee, NJ 07024
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!