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

    706 7th St Union City, NJ 7087

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two-story commercial space with flexible usage options available for rent.

    Type:Industrial
    Property size:
    3,500 SF
    Added:
    Jun 8, 2023
    Days on Market:
    1046
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 706 7th St

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 706 7th St Contact us

    $18 /Mo

    Size
    3,500 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Barry Littmann

    Listing agent Barry Littmann License #NJ 0457288

    Listing office E Realty Advisors

    Listing date Jun 8, 2023

    Source Crexi

    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 E Realty Advisors

    Overview

    Commercial Space with Two Stories

    This commercial space features two stories, with 2,500 square feet on the first floor and 1,000 square feet on the second floor. The first floor has an 18-foot ceiling height, while the second floor has a 10-foot ceiling height. The property is zoned commercial and has street parking only. It can be used as flex space, industrial property, office unit, office space, retail space, warehouse, or other commercial real estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Abdeljabdar Nher Production Facility

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Skin Care Clinic Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Amoria Tea Catering — 913 New York Ave, Union City, NJ 07087
    • Pradyumna Cafe — 3507 John F. Kennedy Blvd, Jersey City, NJ 07307
    • Bliss Bites Nynj LLC — 913 New York Ave, Union City, NJ 07087
    • MOBILE TRAILER — 900 Palisade Ave, Union City, NJ 07087

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0425652
    Latitude
    40.7578545

    Nearby Similar for Lease

    • Contact for pricing

      Union City Retail Space

      902 sq ft commercial space in high-traffic location.
      4310 HUDSON AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Union City Professional Office Space

      Professional office space for rent in Union City, NJ.
      4515 BERGENLINE AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Union City Office/Retail Space

      Corner location on Bergenline Ave, suitable for office or retail.
      912 BERGENLINE AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Summit Avenue Retail Space

      Highly visible retail space in the heart of Union City.
      821 Summit Ave, Union City, NJ 07087-5507
      View Details
    • Contact for pricing

      Union City Retail/Office Space

      Retail or office space available in Union City, NJ.
      610 NEW YORK AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Retail Space Near Light Rail

      Ground level retail space with high pedestrian traffic.
      4524 BERGENLINE AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Union City Retail Space Available

      Retail space in Union City, near New York City.
      500 NEW YORK AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Union City Retail Space Available

      Highly visible retail space in the heart of Union City.
      821-823 SUMMIT AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Modern Office Suite on Bergenline

      High-visibility Union City office space ideal for various professionals.
      4313 BERGENLINE AVE, Union City, NJ 07087
      View Details
    • Contact for pricing

      Union City Office Space Available

      Office space in Union City, near amenities and transportation.
      4529 BROADWAY, Union City, NJ 07087
      View Details
    • Contact for pricing

      Main Street Retail/Office Space

      Spacious retail or office space in a busy location.
      606 KENNEDY BLVD, JC, Heights, NJ 07087
      View Details
    • Contact for pricing

      Union City Retail/Office Space

      Versatile duplex space near Bergenline Avenue, 15 minutes from Manhattan.
      526 42ND ST, Union City, NJ 07087
      View Details

    FAQs

    What type of property is this?
    Flex space - Two-story commercial space with flexible usage options available for rent.
    Where is this flex space located?
    The property is located at 706 7th St Union City, NJ.
    What are key features of this property?
    This property features: Zoned commercial, offering various possibilities.; 2500 sf first floor featuring an impressive 18’ ceiling height.; Two stories, also includes a 1000 sf second floor.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Barry Littmann
    Real Estate License ID: NJ 0457288
    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!