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    498 Ocean Ave Jersey City, NJ 07305

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    For Lease
    $2,200 /Mo ($31 SF/Yr)

    835 sq ft commercial space ideal for retail or office.

    Property size:
    835 SF
    Lot size:
    0.07 Acres

    Property Features for 498 Ocean Ave

    General Information

    Size
    835 SF
    Lot size
    0.07 Acres

    Source: Cervelli Real Estate & Property Management Agent Gary Baez

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

    Overview

    Prime Jersey City Commercial Space

    This commercial space offers approximately 835 sq. ft. in a prime Jersey City location. The space features hardwood floors, a central AC and heating unit, and basement storage. The layout is an open concept, and the space includes an office kitchen and half bathroom. It is suitable for retail or office use and is ready for various businesses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Just Groceries Grocery Store Today Cooling & Heating ... Hvac Contractor

    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
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0803565
    Latitude
    40.7034272

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    FAQs

    What type of property is this?
    Retail space - 835 sq ft commercial space ideal for retail or office.
    Where is this retail space located?
    The property is located at 498 Ocean Ave Jersey City, NJ.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Jersey City; - Open concept floor plan ideal for retail or office space; - Approximately 835 sq. ft. of commercial space
    (551) 200-3787
    Request Owner's contact information
    498 Ocean Ave Jersey City, NJ 07305
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    Jersey City, NJ 07305
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    Realmo Value Estimation

    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.

    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.

    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
    498 Ocean Ave Jersey City, NJ 07305
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