Flex Space with Interior
For Sale
$775,900
705 27TH ST, Union City, NJ 07087
The property combines warehouse, office, and storage areas with indoor vehicle parking and a bathroom.
Property Size3,500 SF
Price / SF$221.69
Days on Market15
Property Features for 705 27TH ST
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Commercial
Listing Agency:
REMAX VILLA REALTORS
Listed By:
Gary Palermo · License #13436
(201) 868-3100
Source:
Trompeterrealestate
Added: Sep 24
Changed: Sep 29
Last Checked: Oct 5 at 3:55PM
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 REMAX VILLA REALTORS
Investment Insights
Based on property information with market context.
This brick flex property on a 38 x 100 lot brings together warehouse, workspace, storage, and office areas, along with a bathroom. Interior garage access accommodates 3+ vehicles. The building also has approximately 13' ceiling heights and a steel-beam block-and-roller lifting system.
Located in Hudson County, the property offers access to New Jersey highways and the Lincoln Tunnel.
Located in Hudson County, the property offers access to New Jersey highways and the Lincoln Tunnel.
Key Highlights
- 38 x 100 lot
- Interior garage parking for 3+ vehicles
- Approx. 13' ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,224
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,480
$584.5K
Cap Rate 7%
$417,486
$417.5K
Cap Rate 9%
$324,711
$324.7K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$47.9K $13.68/SF
− Vacancy
−$2.9K −$0.83/SF
EGI
$45.0K $12.85/SF
− OpEx
−$15.7K −$4.50/SF
NOI
$29.2K $8.35/SF
Area
Hudson County, NJ
Vacancy
6.10%
Lease Rate
$13.68 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,480
Cap Rate 7%
$417,486
Cap Rate 9%
$324,711
Alternative Uses
Best Use
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,717 @ 7.0% cap · market cap 11.43%
Second Best
Industrial
$1.06M
$924.2K – $1.23M
NOI $73,937 @ 7.0% cap · market cap 9.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,837
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07087, NJ
68,611
Population
27,442
Households
2.5
Avg Household Size
36
Median Age
28%
College-Educated
77%
High-School Grad
1.3 sq mi
ZIP Area
52,778
Density / Sq Mi
$65,369
Median Household Income
$35,041
Median Earnings
$1,489
Median Rent
$446,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - The property combines warehouse, office, and storage areas with indoor vehicle parking and a bathroom.
Where is this flex space located?
The property is located at 705 27TH ST Union City, NJ.
What is the asking price?
The asking price for this property is $775,900.
What are key features of this property?
This property features: 38 x 100 lot; Interior garage parking for 3+ vehicles; Approx. 13' ceiling heights
