Versatile Commercial Space Near
124 Storms Jersey City, NJ 07306
124 Storms, Jersey City, NJ, 07306
$150,000
For Sale
$150,000
500 sq ft commercial space near NYC.
Property Size500 SF
Price / SF$300
Days on Market217
Property Features for 124 Storms
General Information
- Standard status
- Active
- Size
- 500 SF
- Property subtype
- Commercial
Listing Agency
RE/MAX SELECT - MONTCLAIR
(973) 739-8008
Listed by
LYANNE GIRALDO
Source
Corcoran
Added: Dec 12, 2025 Checked: Jul 17 at 3:23 am
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 RE/MAX SELECT - MONTCLAIR
Investment Insights
Based on property information with market context.
This 500 sq. ft. commercial space presents an opportunity in a convenient location near New York City. The space offers versatile potential and can be fully gutted and remodeled or utilized as-is for a storefront. Its location provides easy access for customers and employees, with major transportation options nearby. The property is suitable for retail, office, or creative use in a high-demand area.
Key Highlights
- Highly convenient location minutes from New York City.
- Versatile potential for retail, office, or creative use.
- Can be fully gutted and remodeled to suit your vision.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.9k | $25.80 |
| − Vacancy | −$1.1k | −$2.19 |
| EGI | $11.8k | $23.61 |
| − OpEx | −$3.5k | −$7.08 |
| NOI | $8.3k | $16.52 |
500 SF · lease $25.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$118.0K
$103.3K – $137.7K
NOI $8,262 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$162.1K
$141.9K – $189.1K
NOI $11,348 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Arc Web Concept ...
Marketing & Advertising
Storms Smoke
(Bike/Boat/Book/etc) Store
Botanica Princesa
Religious Bookstore
Monique's Techniques
Hair Salon
Mo Hair Foundation
Hair Salon
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FAQs
What type of property is this?
Storefront property - 500 sq ft commercial space near NYC.
Where is this storefront property located?
The property is located at 124 Storms Jersey City, NJ.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Highly convenient location minutes from New York City.; Versatile potential for retail, office, or creative use.; Can be fully gutted and remodeled to suit your vision.
