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    Large Home with In-Law Suite Title is generated by Realmo AI

    209 Tremont Avenue, Fort Lee, NJ 07024

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    New
    For Sale
    $1,550,000

    Ranch, Other - Fort Lee, NJ

    Type:Ranch
    Added:
    May 7, 2026
    Days on Market:
    3
    Last Refresh:
    May 9 at 10:06 am

    Property Features for 209 Tremont Avenue

    General Information

    Property type
    Residential
    Property subtype
    Ranch
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Standard status
    Active

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Building materials
    Brick
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Paul Montalbano

    Listing agent Paul Montalbano

    Listing office Coldwell Banker, Fort Lee NJ

    Listing date May 7, 2026

    MLS# 26005157 Listing URL

    Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • In‑law suite for extended family living.
    • Enjoy the large, two‑story extension featuring a living room, kitchen, and dining area.
    • Primary bath boasts a jacuzzi, stall shower, double sinks, and walk‑in closet.
    • Two kitchens with granite countertops.
    • Suitable for professional practice (doctor, lawyer) with potential for more parking.
    • Seven parking spaces plus a 1‑car garage.

    Overview

    This large home is suitable for an extended family and features an in-law suite. The house includes a large two-floor extension with a living room, a large kitchen, and a dining area on the first floor. The second floor of the extension contains a primary bath with a jacuzzi, stall shower, double sinks, and a walk-in closet. The house has two kitchens with granite countertops. A one-car garage and seven parking spaces are available. The property is suitable for a professional to live in and practice their profession, such as a doctor or lawyer, and more parking is possible. The property is located in Fort Lee, NJ.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Machine Learning Development — 274 Slocum Way, Fort Lee, NJ 07024
    • The Hub - Phone Repair, Tablet Repair & Accessories @Fort Lee, NJ — 2037 Lemoine Ave, Fort Lee, NJ 07024
    • OneclickAV — 14 Palisade Terrace, Edgewater, NJ 07020
    • Cyber Phoenix Pro Corporation — 460 Bergen Blvd # 350, Palisades Park, NJ 07650
    • DJ Syntax Music & PC Information Restoration — Private Entire New Jersey New York and now Florida states, Fort Lee, NJ 07024

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lee
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9730138
    Latitude
    40.843831

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    FAQs

    What type of property is this?
    Office property - Large home with in-law suite, perfect for professionals.
    Where is this office property located?
    The property is located at 209 Tremont Avenue Fort Lee, NJ.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: In‑law suite for extended family living.; Enjoy the **large, two‑story extension** featuring a living room, kitchen, and dining area.; Primary bath boasts a **jacuzzi, stall shower, double sinks, and walk‑in closet**.
    (201) 370-0395
    We can help!
    Listing Contact
    Paul Montalbano
    Learn More
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    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.

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