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

    328 48Th St Union City, NJ 07087

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,500 /Mo ($30 SF/Yr)

    2,200 sq ft ground-floor commercial space in bustling area.

    Property size:
    2,200 SF
    Lot size:
    0.06 Acres

    Property Features for 328 48Th St

    General Information

    Size
    2,200 SF
    Lot size
    0.06 Acres

    We can help!

    Listing Contact
    Chris Gerena
    Source: Moodyscre

    Listing Agent: Chris Gerena

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

    Learn more

    Property Insight Report

    Overview

    Prime Retail Space in Union

    This commercial space offers a rare opportunity to lease a 2,200 sq. ft. ground-floor location in a high-traffic area of Union City. The location provides high visibility and convenient accessibility for customers and employees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gonzalez Carpet & Linoleum Linoleum Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0209606
    Latitude
    40.7813902

    Nearby Similar for Lease

    • Contact for pricing
      2,178 SF

      Renovated Mixed-Use Building in Union

      Renovated mixed-use building with garage, office, and development potential.
      3136 Summit Ave, Union City, NJ 07087
      View Details
    • $1,150 /Mo

      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
    • $2,350 /Mo

      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
    • $3,000 /Mo

      Union City Retail/Office Condo

      Versatile condo in Union City, ideal for retail or office.
      910 Summit Ave, Union City, NJ 07087
      View Details
    • $2,950 /Mo

      Union City Office Space Available

      Well-maintained Union City office space with garage and private bathroom.
      2108 West St, Union City, NJ 07087
      View Details
    • $2,900 /Mo

      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
    • $2,900 /Mo
      436 SF

      Retail Space in Union City

      Retail space available for rent in Union City, New Jersey.
      4306 John F. Kennedy, Union City, NJ 07087
      View Details
    • $7,750 /Mo

      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
    • $2,750 /Mo

      Modern Office Suite on Bergenline

      High-visibility Union City office space ideal for various professionals.
      4313 Bergenline Ave, Union City, NJ 07087
      View Details
    • $1,200 /Mo

      Union City Office Space Available

      Office space in Union City, near amenities and transportation.
      4529 Broadway, Union City, NJ 07087
      View Details
    • $10,000 /Mo

      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
    • $1,100 /Mo

      Union City Office Space Available

      Renovated office space for rent in prime Bergenline Avenue location.
      3223 Bergenline Ave, Union City, NJ 07087
      View Details

    FAQs

    What type of property is this?
    Retail space - 2,200 sq ft ground-floor commercial space in bustling area.
    Where is this retail space located?
    The property is located at 328 48Th St Union City, NJ.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Prime 2,200 sq. ft. ground-floor commercial space; - Rare opportunity to lease in a sought-after location; - Located in one of Union City’s most bustling areas
    (201) 920-1321
    Request Owner's contact information
    328 48Th St Union City, NJ 07087
    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.
    328 48Th St
    Union City, NJ 07087
    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
    328 48Th St Union City, NJ 07087
    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
    Chris Gerena
    (201) 920-1321
    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.