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    Fort Lee Flex Space Title is generated by Realmo AI

    2361B Lemoine #1F, Fort Lee, NJ 07024

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    For Lease
    $1,500/Mo $21 SF/Yr (calc)

    Versatile office and garage space in a prime location.

    Type:Commercial
    Property size:
    844 SF
    Added:
    Apr 8, 2026
    Days on Market:
    44
    Last Refresh:
    Apr 8 at 8:55 pm

    Property Features for 2361B Lemoine #1F

    General Information

    Standard status
    Active
    Size
    844 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    BORA KIM

    Listing agent BORA KIM

    Listing office HUDSON ONE REALTY LLC

    Listing date Apr 8, 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 HUDSON ONE REALTY LLC

    HighLights

    • Flexible office and garage/storage space (approx. 844 SF total)
    • Prime Fort Lee location with convenient access to Route 9W, Route 4, I‑95, and the George Washington Bridge
    • Includes approx. 388 SF of office space with a private restroom
    • Features a 456 SF enclosed two‑car garage/storage area with two rolling gates
    • Suitable for a variety of uses including e‑commerce, contractors, service businesses, or transportation/dispatch
    • Private interior setting with driveway access from Lemoine Ave

    Overview

    This versatile first-floor flex space offers an efficient hybrid layout in Fort Lee. Located in the rear building behind 2361 Lemoine Ave, this approximately 844 square foot unit includes about 388 square feet of office space with a private restroom and a 456 square foot enclosed two-car garage/storage area with two rolling gates. The flexible configuration is ideal for a variety of uses including e-commerce operations, contractors, service-based businesses, transportation or dispatch-style users, or any tenant needing both workspace and secure vehicle or storage access in one location. Previously occupied by a limousine company for over 25 years. Positioned in a private interior setting with driveway access from Lemoine Ave and convenient proximity to Route 9W, Route 4, I-95, and the George Washington Bridge. This is an attractive value opportunity for tenants seeking functional office plus garage space in a prime Fort Lee location.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    • Per Sempre Catering — 2200 Fletcher Ave, Fort Lee, NJ 07024, United States
    • Kosher Catering and Private Chef Service — 517 Walnut St, Fort Lee, NJ 07024

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lee
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9634074
    Latitude
    40.8628608

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    FAQs

    What type of property is this?
    Flex space - Versatile office and garage space in a prime location.
    Where is this flex space located?
    The property is located at 2361B Lemoine #1F Fort Lee, NJ.
    What is the lease rate?
    The lease rate is $1,500 /Mo.
    What are key features of this property?
    This property features: Flexible office and garage/storage space (approx. 844 SF total); Prime Fort Lee location with convenient access to Route 9W, Route 4, I‑95, and the George Washington Bridge; Includes approx. 388 SF of office space with a private restroom
    (646) 531-2942
    We can help!
    Listing Contact
    BORA KIM
    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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