Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Main Street Commercial Property For Sale Title is generated by Realmo AI

    442 Main, Fort Lee, NJ 07024

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,500,000

    Commercial property with retail and office spaces on Main Street.

    Type:Commercial
    Added:
    Jun 15, 2025
    Days on Market:
    341
    Last Refresh:
    Apr 5 at 8:22 pm

    Property Features for 442 Main

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    KEN GHILHO CHOI

    Listing agent KEN GHILHO CHOI

    Listing office KNC REALTY LLC

    Listing date Jun 15, 2025

    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 KNC REALTY LLC

    HighLights

    • High monthly rental income: $9,900
    • Excellent location on Main Street, Fort Lee
    • Versatile 2nd floor suitable for professional use (office, school, medical, etc.)
    • Two retail units on the 1st floor
    • Seven office spaces on the 2nd floor
    • Full basement with utility room and storage

    Overview

    This commercial property features retail and office spaces. The first floor includes two retail units, while the second floor offers seven office spaces suitable for professional use, such as an after-school facility, doctor's office, or attorney's office. A full basement provides utility and storage space. The property is located on Main Street in Fort Lee and benefits from ample off-site street parking. The current monthly rental income is $9,900, presenting an opportunity for an owner-user to occupy the second floor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lee
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9761
    Latitude
    40.8544

    Nearby Similar for Sale

    • $1,550,000

      Large Home with In-Law Suite

      Large home with in-law suite, perfect for professionals.
      209 Tremont Avenue, Fort Lee, NJ 07024
      View Details
    • $999,900

      Two-Family Property in Fort Lee

      Two-unit property near shops, schools, and transportation.
      2455 3Rd St, Fort Lee Boro, NJ 07024-4068
      View Details
    • $999,900

      Two-Family Home Near Lemoine Avenue

      Two-unit property with income potential in a desirable location.
      2455 3RD ST, Fort Lee, NJ 07024-4068
      View Details
    • $1,599,000

      Spacious Ranch Home with Pool

      Single-family ranch in desirable Fort Lee neighborhood with pool.
      1070 Cumbermeade Road, Fort Lee, NJ 07024
      View Details
    • $380,000
      1,500 SF

      Professional Space in Prime Location

      Bright, fully built-out 1,500 sqft space in Fort Lee.
      1323 Anderson #FE, Fort Lee, NJ 07024
      View Details
    • $380,000
      1,500 SF

      Fort Lee Professional Space

      1,500 sqft professional space in a high-traffic location.
      1323 Anderson Ave FE, Fort Lee, NJ 07024
      View Details
    • $328,000

      Established Restaurant in Urban Area

      Well-equipped restaurant suitable for diverse groups in urban area.
      1357 16th, Fort Lee, NJ 07024
      View Details
    • $888,000

      Restaurant Space in Hudson Lights

      Equipped restaurant space in high-traffic Fort Lee location.
      2060 Hudson, Fort Lee, NJ 07024
      View Details
    • $150,000

      Established Children's Enrichment Destination

      Turnkey business in high-traffic Fort Lee location.
      2057 Hudson, Fort Lee, NJ 07024
      View Details
    • $315,000
      2,000 SF

      Dental Office in Prime Location

      Turnkey dental office space ready for immediate operation.
      2185 Lemoine #1JJ, Fort Lee, NJ 07024
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial property with retail and office spaces on Main Street.
    Where is this office units located?
    The property is located at 442 Main Fort Lee, NJ.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: High monthly rental income: $9,900; Excellent location on Main Street, Fort Lee; Versatile 2nd floor suitable for professional use (office, school, medical, etc.)
    (201) 424-0488
    We can help!
    Listing Contact
    KEN GHILHO CHOI
    Learn More
    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
    442 Main, 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!