Flex Space with High
For Sale
Contact for pricing
317 38th St #GROUND, Union City, NJ 07087
Owner-built commercial space offers accessible facilities, two bathrooms, and three-phase electrical service.
Property Size3,167 SF
Price / SF$1.58
Days on Market75
Property Features for 317 38th St #GROUND
General Information
Standard status
Active
Size
3,167 SF
Property subtype
Commercial
Amenities
VERY HIGH CEILINGS
HANDICAPP ACCESS
3 PHASE ELECTRIC
Listing Agency:
Re/Max Premier
(908) 872-5473
Listed By:
The Campusano Group
(646) 469-7874
Source:
Thecampusanogroup
Added: Aug 3
Changed: Oct 15
Last Checked: Oct 14 at 10:29PM
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 Premier
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,167-square-foot flex space is undergoing an owner-led buildout with very high ceilings, two bathrooms, and handicap access. The property will include three-phase electric service, supporting a range of business operations subject to municipal approval.
The space is identified at 317 38th St #GROUND in Union City, NJ 07087. Lease structure is gross, with the tenant responsible for heat, hot water, and sewer. Prospective occupants must confirm business approval with the town before proceeding.
The space is identified at 317 38th St #GROUND in Union City, NJ 07087. Lease structure is gross, with the tenant responsible for heat, hot water, and sewer. Prospective occupants must confirm business approval with the town before proceeding.
Key Highlights
- 3,167 SF flex space
- Very high ceilings
- Owner‑led buildout with 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,443
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,860
$528.9K
Cap Rate 7%
$377,757
$377.8K
Cap Rate 9%
$293,811
$293.8K
Market Conditions
NOI Build-Up for 3,167 SF
Gross rent
$43.3K $13.68/SF
− Vacancy
−$2.6K −$0.83/SF
EGI
$40.7K $12.85/SF
− OpEx
−$14.2K −$4.50/SF
NOI
$26.4K $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%
$528,860
Cap Rate 7%
$377,757
Cap Rate 9%
$293,811
Alternative Uses
Best Use
Industrial
$955.8K
$836.3K – $1.12M
NOI $66,903 @ 7.0% cap · market cap 1,338.06%
Second Best
Flex RnD
$377.8K
$330.5K – $440.7K
NOI $26,443 @ 7.0% cap · market cap 528.86%
Theoretical Best
Warehouse
$1.15M
$1.00M – $1.34M
NOI $80,276 @ 7.0% cap · market cap 1,605.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,802
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
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Metro Caterers LLC — weehawken, nj 07086
- Gotan Weehawken — Corner of, 2812 Palisade Ave, Hackensack Plank Rd, Weehawken, NJ 07086
- SpanAsia — 2025 46th St, North Bergen, NJ 07047
Frequently Asked Questions
What type of property is this?
Flex space - Owner-built commercial space offers accessible facilities, two bathrooms, and three-phase electrical service.
Where is this flex space located?
The property is located at 317 38th St #GROUND Union City, NJ.
What are key features of this property?
This property features: 3,167 SF flex space; Very high ceilings; Owner‑led buildout with 2 bathrooms
