Sign Up Successful!
You now have access to more from Realmo!
    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

    2526 Us Highway 22 E Union, NJ 07083

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,000 SF retail building with highway frontage on Route 22.

    Property size:
    4,000 SF
    Lot size:
    0.35 Acres

    Property Features for 2526 Us Highway 22 E

    General Information

    Size
    4,000 SF
    Lot size
    0.35 Acres

    We can help!

    Listing Contact
    Marc Palestina
    Marc Palestina
    Source: Moodyscre

    Listing Agent: Marc Palestina

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

    Learn more

    Property Insight Report

    Overview

    Retail Building on Route 22

    This 4,000 SF retail building is located on Route 22 East in a densely populated market. The property features highway frontage on Route 22 and convenient access to the Garden State Parkway and New Jersey Turnpike. It is situated in front of a shopping center anchored by Walmart, HomeGoods, and Home Depot. The location benefits from high traffic volume, with 85,015 vehicles per day (50,123 eastbound).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Union
    State
    New Jersey
    Longitude
    -74.301283
    Latitude
    40.688883

    Nearby Similar for Lease

    • New
      $1,450 /Mo

      Union Twp. Office Space Available

      General office space in Union Twp., high visibility, street parking.
      464 Chestnut St, Union, NJ 07083
      View Details
    • $1,000 /Mo
      3,000 SF

      Union Twp. Office Space Available

      Professional office suites for lease in a well-maintained building.
      1460 Morris Ave, Union, NJ 07083
      View Details
    • Contact for pricing
      10,200 SF

      Industrial Building with Outside Storage

      10,200 SF industrial building with 2.5 acres outside storage.
      2461 Iorio St, Union, NJ 07083
      View Details
    • $2,800 /Mo

      Spacious 2 Bedroom Corner Unit

      Luxury 2-bedroom apartment with modern amenities and convenient location.
      2003 Morris Ave, Union, NJ 07083
      View Details
    • Contact for pricing
      3,883 SF

      Renovated Office Space Near Kean

      Class A office building with amenities near Kean University.
      1095 Morris Ave, Union, NJ 07083
      View Details
    • $45 SF/Yr
      4,000 SF

      Prime Union County Retail Space

      4,000 SF Freestanding Retail Building
      2319 22, Union, NJ 07083
      View Details
    • $800 /Mo

      Renovated Office Suites in Union

      Move-in ready office suites with modern amenities and convenient location.
      1501 Stuyvesant Ave, Union, NJ 07083
      View Details
    • Contact for pricing
      900 SF

      Prime Union, NJ Executive Office Space

      900 SF Office, Union, NJ - For Lease
      2824 Morris Ave, Union, NJ 07083
      View Details
    • Contact for pricing
      37,970 SF

      Route 22 Retail Center Opportunity

      Union, NJ: 16,707 SF Retail Space Available
      2700 Us Highway 22, Union, NJ 07083
      View Details
    • Contact for pricing
      2,466 SF

      Former Restaurant Opportunity on Route 22

      Former restaurant space available on a high-traffic retail corridor.
      2317 Us Highway 22 Ctr, Union, NJ 07083
      View Details
    • Contact for pricing
      10,200 SF

      Union, NJ Warehouse - 10,200 SF

      ±10,200 SF warehouse; 2.5 acres; ideal for distribution.
      2461 Iorio St, Union, NJ 07083
      View Details
    • $2,600 /Mo

      Renovated Three-Bedroom Apartment in Union

      Completely renovated three-bedroom apartment with modern amenities, available soon.
      2037 Gless Ave, Union, NJ 07083
      View Details

    FAQs

    What type of property is this?
    Retail space - 4,000 SF retail building with highway frontage on Route 22.
    Where is this retail space located?
    The property is located at 2526 Us Highway 22 E Union, NJ.
    What are key features of this property?
    This property features: - High Traffic Volume: 85,015 Vehicles Per Day (VPD); - Prime Location: Front of Walmart/Homegoods/Home Depot Center; - Excellent Highway Frontage on Route 22
    (201) 703-9700
    Request Owner's contact information
    2526 Us Highway 22 E Union, NJ 07083
    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.
    2526 Us Highway 22 E
    Union, NJ 07083
    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
    2526 Us Highway 22 E Union, NJ 07083
    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
    Marc Palestina
    Marc Palestina
    Real Estate License ID: NJ 1433957
    (201) 703-9700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.