Mixed-Use Redevelopment
For Sale
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104 STORMS AVE, Jersey City, NJ 07306
Mixed-use property in redevelopment zone, offering value-add potential.
Property Size3,311 SF
Price / SF$385.08
Days on Market149
Property Features for 104 STORMS AVE
General Information
Standard status
Active
Size
3,311 SF
Property subtype
Mixed Use
Building Details
Year Built
1900
Stories
3
Listing Agency:
SERHANT
Listed By:
Alexander Calle · License #NJ 1752924
(917) 334-9663
Source:
Crexi
Added: May 12
Changed: Sep 28
Last Checked: Oct 5 at 7:20PM
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 SERHANT
Investment Insights
Based on property information with market context.
This mixed-use property, situated in a redevelopment zone, presents a value-add opportunity. The property has a size of 3311 square feet. It is located in Jersey City, NJ.
Key Highlights
- Redevelopment Zone
- Mixed‑Use potential
- Value‑Add opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,242
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,840
$1.1M
Cap Rate 7%
$789,171
$789.2K
Cap Rate 9%
$613,800
$613.8K
Market Conditions
NOI Build-Up for 3,311 SF
Gross rent
$97.3K $29.40/SF
− Vacancy
−$9.0K −$2.70/SF
EGI
$88.4K $26.70/SF
− OpEx
−$33.1K −$10.01/SF
NOI
$55.2K $16.68/SF
Area
Jersey City, NJ
Vacancy
9.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,104,840
Cap Rate 7%
$789,171
Cap Rate 9%
$613,800
Alternative Uses
Best Use
Mixed Use
$789.2K
$690.5K – $920.7K
NOI $55,242 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.07M
$939.3K – $1.25M
NOI $75,144 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,786
Businesses Nearby
Explore this area
Business Placement
Demographics for 07306, NJ
55,342
Population
24,770
Households
2.2
Avg Household Size
34
Median Age
50%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
18,447
Density / Sq Mi
$75,861
Median Household Income
$49,522
Median Earnings
$1,619
Median Rent
$502,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in redevelopment zone, offering value-add potential.
Where is this mixed-use property located?
The property is located at 104 STORMS AVE Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Redevelopment Zone; Mixed‑Use potential; Value‑Add opportunity
