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

    108 Union St Lambertville, NJ 08530

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,795,000

    10,000 SF, High Ceilings, Prime Location

    Property size:
    10,000 SF

    Property Features for 108 Union St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,000 SF
    Lot Size
    5,663 SF

    We can help!

    Listing Contact
    Bryan S Vurgason

    Listing Agency: KELLER WILLIAMS REALTY Listing Agent: Bryan S Vurgason

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property, located at 108 N Union Street in the vibrant heart of Lambertville, NJ, presents a unique investment opportunity. The substantial 10,000 square foot building sits on a desirable 0.13-acre corner lot, offering excellent visibility and accessibility. The first floor boasts remarkable versatility. Its expansive layout can easily accommodate a single large open space, or be readily divided into numerous smaller units using existing interior partitions. A fully equipped commercial kitchen and two bathrooms add to the property's functionality. Upstairs, the second floor features a dramatic open floor plan with soaring high ceilings and a spacious mezzanine, providing ample room for various uses. Abundant storage space is available throughout the building, complemented by a unique feature: a large, built-in vintage organ. This property's prime location, combined with its flexible layout and substantial size, makes it ideal for a wide range of commercial ventures. The asking price is $1,795,000. Don't miss this chance to acquire a landmark Lambertville property with significant potential. Serious inquiries only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lambertville
    County
    HUNTERDON
    State
    New Jersey
    Longitude
    -74.94595
    Latitude
    40.3698

    Nearby Similar for Sale

    • Contact for pricing
      0.32 Acres

      Historic Bank Building in Lambertville

      Rare opportunity in historic downtown Lambertville with unique architectural features.
      31-37 Bridge St, Lambertville, NJ 08530
      View Details
    • $375,000
      913 SF

      Lambertville City Commercial Opportunity

      Retail/office space in central business district, ideal for investment.
      69 Bridge St, Lambertville, NJ 08530
      View Details
    • $1,500,000
      94.14 Acres

      Preserved Farmland in Lambertville

      94 acres of preserved farmland suitable for various agricultural uses.
      12 Lynnbrook Dr, Lambertville, NJ 08530
      View Details
    • $2,500,000
      Pending

      Mixed-Use Property in Lambertville City

      Mixed-use property with 7 apartments and 1 commercial space.
      41 Church St, Lambertville, NJ 08530
      View Details
    • $725,000

      Lambertville Three-Unit Investment Property

      Fully leased property in the heart of Lambertville.
      20 N Union St, Lambertville, NJ 08530
      View Details
    • $2,100,000

      Historic Multifamily Property in Lambertville

      Fully leased, five-unit residential building in desirable Lambertville location.
      26 York St, Lambertville, NJ 08530
      View Details
    • $1,960,000

      Mixed-Use Property in Downtown Lambertville

      Mixed-use property with commercial and residential units in prime location.
      74 N Main St, Lambertville, NJ 08530
      View Details
    • $765,000
      2,288 SF

      Lambertville Mixed-Use Income Opportunity

      Mixed-use property in Lambertville with restaurant and apartment.
      9 Church St, Lambertville, NJ 08530
      View Details
    • $1,750,900

      Mixed-Use Corner Property For Sale

      7,200 sq ft mixed-use property with commercial and residential spaces.
      45 N Union St, Lambertville, NJ 08530
      View Details
    • Contact for pricing
      5,423 SF

      Historic Multifamily Asset in Lambertville

      Fully leased, five-unit building in a high-demand river town.
      26 York St, Lambertville, NJ 08530
      View Details
    • Contact for pricing
      5,236 SF

      Mixed-Use Property in Downtown Lambertville

      Mixed-use property with commercial and residential units in prime location.
      74 N Main St, Lambertville, NJ 08530
      View Details
    • Contact for pricing
      2,289 SF

      Lambertville Three-Unit Investment Property

      Fully leased triplex in the heart of Lambertville, New Jersey.
      20 N Union St, Lambertville, NJ 08530
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 10,000 SF, High Ceilings, Prime Location
    Where is this commercial real estate located?
    The property is located at 108 Union St Lambertville, NJ.
    What is the asking price?
    The asking price for this property is $1,795,000.
    (856) 321-1212
    Request Owner's contact information
    108 Union St Lambertville, NJ 08530
    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.
    108 Union St
    Lambertville, NJ 08530
    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
    108 Union St Lambertville, NJ 08530
    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

    We can help!
    Listing Contact
    Bryan S Vurgason
    (856) 321-1212 (856) 448-4424
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!