Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    821 Summit Ave Union City, NJ 07087

    View on Map
    New
    For Lease
    $7,700 /Mo

    Commercial - Union City, NJ

    Property size:
    5,000 SF
    Lot size:
    0.11 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 2 at 7:06 am

    Property Features for 821 Summit Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Size
    5,000 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    23878

    Building Details

    Year built
    1913
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    MICHAEL EPSTEIN

    Listing agent MICHAEL EPSTEIN

    Listing office KELLER WILLIAMS METROPOLITAN 44 WHIPPANY ROAD, Morristown, NJ

    Listing date Apr 1, 2026

    MLS# 4017937 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Summit Avenue Retail Space

    Located on Summit Avenue in Union City, this commercial space offers street exposure and foot traffic. The surrounding neighborhood includes established businesses, residential buildings, and daily commuters. The storefront features a wide frontage and large display windows. The open layout can accommodate a variety of retail or service-based uses. It is suitable for boutique shops, professional offices, salons, cafes, or specialty retailers. The property size is 5000 square feet and the lot size is 0.11 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    K&S superstore Furniture & Home Goods

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Skin Care Clinic Gym & Fitness Center

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

    Similar Places Nearby

    • Spring Garden Flowers — 2241 John F. Kennedy Blvd, North Bergen, NJ 07047
    • Bergenline Florist & Flower Delivery Union City NJ — 2911 Bergenline Ave, Union City, NJ 07087
    • Flajes Flowers — 2214 Bergenline Ave, Union City, NJ 07087
    • Cut 1 Floral Designs — 2000 West St, Union City, NJ 07087
    • Golden Petal Florist — 2602 Bergenline Ave, Union City, NJ 07087

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.04318
    Latitude
    40.75933

    Nearby Similar for Lease

    • Contact for pricing

      Union City Professional Office Space

      Professional office space for rent in Union City, NJ.
      4515 BERGENLINE AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Union City Retail/Office Space

      Retail or office space available in Union City, NJ.
      610 NEW YORK AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Union City Retail Space Available

      Retail space in Union City, close to Manhattan.
      500 NEW YORK AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Union City Retail Space Available

      Highly visible retail space in the heart of Union City.
      821-823 SUMMIT AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Modern Office Suite on Bergenline

      High-visibility Union City office space ideal for various professionals.
      4313 BERGENLINE AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Union City Office Space Available

      Office space in Union City, near amenities and transportation.
      4529 BROADWAY, Union City, NJ 07087
      View Details
    • Contact for pricing

      Prime Retail Space on Kennedy Blvd

      Spacious retail/office space in a high-traffic Jersey City location.
      606 KENNEDY BLVD, JC, Heights, NJ 07087
      View Details
    • Contact for pricing

      Prime Retail Space on Bergenline

      Office/retail space on main commercial corridor with high foot traffic.
      4003 BERGENLINE AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Versatile Commercial Duplex in Union City

      Prime commercial duplex near Bergenline Avenue, 15 minutes from Manhattan.
      526 42ND ST, Union City, NJ 07087
      View Details
    • Contact for pricing

      Union City Office Space Available

      Prime Union City office space for rent in high-traffic area.
      3712 KENNEDY BLVD, Union City, NJ 07087
      View Details
    • Contact for pricing

      Union City Office/Retail Space

      Renovated street-level space ideal for office or retail use.
      509-11a 45TH ST, Union City, NJ 07087
      View Details
    • Contact for pricing

      Renovated Mixed-Use Building in Union

      Renovated mixed-use building with garage, office, and development potential.
      3136 Summit Avenue, Union City, NJ 07087
      View Details

    FAQs

    What type of property is this?
    Storefront property - Highly visible retail space in the heart of Union City.
    Where is this storefront property located?
    The property is located at 821 Summit Ave Union City, NJ.
    What is the lease rate?
    The lease rate is $7,700 /Mo.
    What are key features of this property?
    This property features: High visibility retail space on Summit Avenue in Union City.; Strong foot traffic and vibrant surrounding neighborhood.; Wide frontage and large display windows for maximum branding.
    (973) 539-1120
    We can help!
    Listing Contact
    MICHAEL EPSTEIN
    Real Estate License ID: 1758014
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!