Renovated Office
For Sale
Contact for pricing
400 38th Street 403, Union City, NJ 07087
Flexible professional workspace with natural light, private room, and individual climate control.
Property Size973 SF
Price / SF$1.87
Days on Market103
Property Features for 400 38th Street 403
General Information
Standard status
Active
Size
973 SF
Elevators
Yes
Amenities
Electric
Listing Agency:
KELLER WILLIAMS CITY VIEWS
Listed By:
Aswin Aguinaga De Tomas
(201) 966-2936
Source:
Evrealestate
Added: Jul 7
Changed: Oct 16
Last Checked: Oct 16 at 7:12AM
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 KELLER WILLIAMS CITY VIEWS
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.
Unit 403 provides 973 SF of renovated office space in an elevator-served building at 400 38th St. The layout combines an open work area with semi-private zones and a separate back room, supporting professional, creative, health and wellness, education, beauty, consulting, and satellite office uses identified for the property.
Interior improvements include wide-plank wood-style flooring, fresh white paint, modern LED fixtures, and ceilings approximately 12 ft high with exposed black beams. Large windows bring in natural light and open city views, while split A/C units allow separate climate control within the suite. The space is presented in turnkey condition with no build-out required.
Interior improvements include wide-plank wood-style flooring, fresh white paint, modern LED fixtures, and ceilings approximately 12 ft high with exposed black beams. Large windows bring in natural light and open city views, while split A/C units allow separate climate control within the suite. The space is presented in turnkey condition with no build-out required.
Key Highlights
- 973 SF renovated office unit with open layout and semi‑private work zones
- Approximately 12 ft ceilings with exposed black beams
- Private back room within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,887
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,740
$297.7K
Cap Rate 7%
$212,671
$212.7K
Cap Rate 9%
$165,411
$165.4K
Market Conditions
NOI Build-Up for 973 SF
Gross rent
$29.2K $30.00/SF
− Vacancy
−$9.3K −$9.60/SF
EGI
$19.8K $20.40/SF
− OpEx
−$5.0K −$5.10/SF
NOI
$14.9K $15.30/SF
Area
Hudson County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,740
Cap Rate 7%
$212,671
Cap Rate 9%
$165,411
Alternative Uses
Best Use
Office B
$212.7K
$186.1K – $248.1K
NOI $14,887 @ 7.0% cap · market cap 817.97%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$352.3K
$308.3K – $411.1K
NOI $24,663 @ 7.0% cap · market cap 1,355.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,802
Businesses Nearby
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Flexible professional workspace with natural light, private room, and individual climate control.
Where is this office units located?
The property is located at 400 38th Street 403 Union City, NJ.
What are key features of this property?
This property features: 973 SF renovated office unit with open layout and semi‑private work zones; Approximately 12 ft ceilings with exposed black beams; Private back room within the suite
