Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28-30 HARMON ST JC Jersey City, NJ 7304

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    0.07-acre parcel ideal for mixed-use or vertical redevelopment.

    Added:
    Jun 6, 2025
    Days on Market:
    300
    Last Refresh:
    Mar 16 at 9:08 am

    Property Features for 28-30 HARMON ST JC

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    TONYA KEYES

    Listing agent TONYA KEYES

    Listing office KEYES RED DOOR REALTY & ASSOCIATES LLC

    Listing date Jun 6, 2025

    Source Corcoran

    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 KEYES RED DOOR REALTY & ASSOCIATES LLC

    Overview

    Redevelopment Opportunity in Jersey City

    This 0.07-acre parcel (approximately 40' x 78.82') presents a commercial redevelopment opportunity in Jersey City's high-rise redevelopment zone. Formerly an auto body repair shop, the property is suited for investors, developers, and end-users. The location is near key transit lines within a rapidly evolving neighborhood. The property is ideal for mixed-use or vertical redevelopment, subject to zoning approvals. The flexible commercial zoning, existing infrastructure, and strategic location offer value in one of Hudson County’s growth corridors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    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
    -74.0685
    Latitude
    40.7151

    Nearby Similar for Sale

    • $774,900
      3,053 SF

      Renovated Two-Family Home, Jersey City

      Turnkey two-family home with modern amenities and steady cash flow.
      275 Claremont Ave, Jersey City, NJ 07305-1636
      View Details
    • $99,000
      4,000 SF

      Turnkey Restaurant in West Bergen

      Restaurant business and mixed-use property in high-traffic area.
      331-337 WEST SIDE AVE, JC, West Bergen, NJ 07305
      View Details
    • $799,777
      2,844 SF

      Jersey City Triplex Investment Opportunity

      Triplex in strong rental market near NYC and transportation.
      97 CLIFTON Place, JERSEY CITY, NJ 07304
      View Details
    • $499,000

      Jersey City Two-Unit Property

      Well-maintained two-unit property in Jersey City's Greenville area.
      158 Fulton Ave, Jersey City, NJ 07305-3118
      View Details
    • $849,000

      Two-Family Home with Parking

      Spacious two-family home with parking, convenient for commuters.
      543 LIBERTY AVE, JC, Heights, NJ 07307
      View Details
    • $3,000,000

      Mixed-Use Property Near Courthouse

      Three-story mixed-use property with retail and office space.
      572-574 NEWARK AVE, JC, Journal Square, NJ 07306
      View Details
    • $924,900

      New Jersey Two-Family Property

      New construction duplex in growing neighborhood, ideal for investment.
      600 BRAMHALL AVE, JC, Bergen-Lafayett, NJ 07304
      View Details
    • $750,000

      Remodeled Two-Family Home, Journal Square

      Remodeled two-family home near schools and transportation to NYC.
      69 JEWETT AVE, JC, Journal Square, NJ 07304
      View Details
    • $589,000

      Updated Jersey City Multi-Family Home

      Updated 2-family home in Jersey City with investment appeal.
      295 Old Bergen Rd, Jersey City, NJ 07305-2715
      View Details
    • $850,000

      Two-Family Home in JC Heights

      Two-family home with parking, separate utilities, and value-add potential.
      177 COLUMBIA AVE, JC, Heights, NJ 07307
      View Details
    • $60,000
      700 SF

      Turnkey Hair Salon in Jersey

      Fully equipped hair salon in a high-traffic Jersey City location.
      1049 WEST SIDE AVE, JC, Journal Square, NJ 07306
      View Details
    • $65,000

      Established Deli Business For Sale

      Turnkey deli business opportunity in high-traffic JC Heights location.
      84 RESERVOIR AVE, JC, Heights, NJ 07307
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.07-acre parcel ideal for mixed-use or vertical redevelopment.
    Where is this commercial land located?
    The property is located at 28-30 HARMON ST JC Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Prime redevelopment opportunity in Jersey City's high‑rise zone.; Strategic location near key transit lines in a rapidly evolving neighborhood.; Flexible commercial zoning allows for mixed‑use or vertical redevelopment (subject to approvals).
    We can help!
    Listing Contact
    TONYA KEYES
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!