Mixed-Use Retail Storefront
For Sale
$995,000
4112 Bergenline Avenue, Union City, NJ 07087
A versatile storefront building positioned for owner-user, investment, or redevelopment use subject to municipal approvals.
Property Size1,984 SF
Price / SF$501.51
Days on Market63
Property Features for 4112 Bergenline Avenue
General Information
Standard status
Active
Size
1,984 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$13,261
Amenities
On Street
Building Details
Year Built
1908
Listing Agency:
KELLER WILLIAMS REALTY FREEHOLD
(732) 536-9010
Listed By:
IFTIKHAR HAQ · License #0789304
Source:
Corcoran
Added: Jun 8
Changed: Aug 8
Last Checked: Jul 15 at 8:15PM
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 REALTY FREEHOLD
Investment Insights
Based on property information with market context.
The offering is a mixed-use retail storefront building with commercial investment appeal and flexibility for an owner-user, investor, or redevelopment approach, subject to municipal approvals. The property is presented as a use-flexible asset that can be adapted based on what is permitted under applicable zoning and local requirements.
The asset is located at 4112 Bergenline Avenue in Union City, New Jersey. Public remarks indicate convenient access to major employment areas and regional transportation connections.
From a tenant or buyer standpoint, the building is described as suitable for retail, office, and service-oriented business uses, with the specific path determined by zoning and municipal approvals. This makes the property potentially relevant for operators seeking a storefront setting and investors or developers evaluating a mixed-use/commercial re-positioning strategy, again subject to what the municipality allows. The seller’s materials also describe the property’s fit for a long-term hold in an active Northern New Jersey commercial market, while emphasizing that redevelopment or mixed-use realization depends on approvals.
The asset is located at 4112 Bergenline Avenue in Union City, New Jersey. Public remarks indicate convenient access to major employment areas and regional transportation connections.
From a tenant or buyer standpoint, the building is described as suitable for retail, office, and service-oriented business uses, with the specific path determined by zoning and municipal approvals. This makes the property potentially relevant for operators seeking a storefront setting and investors or developers evaluating a mixed-use/commercial re-positioning strategy, again subject to what the municipality allows. The seller’s materials also describe the property’s fit for a long-term hold in an active Northern New Jersey commercial market, while emphasizing that redevelopment or mixed-use realization depends on approvals.
Key Highlights
- Mixed‑use and commercial property positioned for owner‑user, investor, or redevelopment use (subject to municipal approvals)
- Year built: 1908
- Versatile storefront building suitable for retail, office, and service‑oriented businesses (subject to zoning and approvals)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,318
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$566,360
$566.4K
Cap Rate 7%
$404,543
$404.5K
Cap Rate 9%
$314,644
$314.6K
Market Conditions
NOI Build-Up for 1,984 SF
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.
Gross rent
$42.9K $21.60/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$40.5K $20.39/SF
− OpEx
−$12.1K −$6.12/SF
NOI
$28.3K $14.27/SF
Area
Hudson County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$566,360
Cap Rate 7%
$404,543
Cap Rate 9%
$314,644
Alternative Uses
Best Use
Retail
$404.5K
$354.0K – $472.0K
NOI $28,318 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$718.4K
$628.6K – $838.2K
NOI $50,290 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,503
Businesses Nearby
361k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 25%
Groceries 22%
Apparel 16%
McDonald's
Dining
60,394 visits/mo
0.3 miles
ShopRite
Groceries
52,923 visits/mo
0.5 miles
Aldi
Groceries
25,581 visits/mo
0.4 miles
Old Navy
Apparel
25,101 visits/mo
0.4 miles
IHOP
Dining
22,458 visits/mo
0.3 miles
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - A versatile storefront building positioned for owner-user, investment, or redevelopment use subject to municipal approvals.
Where is this storefront property located?
The property is located at 4112 Bergenline Avenue Union City, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Mixed‑use and commercial property positioned for owner‑user, investor, or redevelopment use (subject to municipal approvals); Year built: 1908; Versatile storefront building suitable for retail, office, and service‑oriented businesses (subject to zoning and approvals)
