Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bayonne Warehouse with Tailgates Title is generated by Realmo AI

    97 E 2nd St, Bayonne, NJ 07002

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    32,400 sq ft warehouse unit with multiple loading docks.

    Type:Industrial
    Property size:
    32,400 SF
    Added:
    Mar 23, 2022
    Days on Market:
    1533
    Last Refresh:
    May 12 at 10:30 pm

    Property Features for 97 E 2nd St

    General Information

    Standard status
    Active
    Size
    32,400 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1920

    Spaces For Lease

    at 97 E 2nd St Contact us

    $12/Mo

    Size
    32,400 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    William Connors III

    Listing agent William Connors III License #NJ 8638577

    Listing office William F. Connors Agency

    Listing date Mar 23, 2022

    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 William F. Connors Agency

    HighLights

    • 32,400 sq.ft. unit
    • Features 5 tailgates
    • Includes 2 drive‑ins
    • Ceiling height 22' and 34'
    • Equipped with a dry sprinkler system
    • Built in 1920

    Overview

    This 32,400 sq ft unit features 5 tailgates and 2 drive-in doors. The ceiling height varies between 22 and 34 feet. The property is equipped with a dry sprinkler system.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • Self-Storage at U-Haul — 2111 Richmond Ter, Staten Island, NY 10302
    • A Security Moving & Storage — 97 E 2nd St, Bayonne, NJ 07002
    • Stop and Stor West Brighton / Port Richmond — 1632 Richmond Ter, Staten Island, NY 10310
    • Atlas Yacht Club Marina — 200 e 5th st, bayonne, nj 07002
    • Admiral Van Lines — 97 E 2nd St, Bayonne, NJ 07002

    Location Insight

    • Map
    • Local Demand
    City
    Bayonne
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1336121
    Latitude
    40.6471256

    Nearby Similar for Lease

    • $10,000/Mo
      4,300 SF

      Prime Retail Space on Broadway

      Expansive commercial space in the heart of Bayonne, New Jersey.
      527-531 BROADWAY, Bayonne, NJ 07002
      View Details
    • $1,075/Mo
      560 SF

      Bayonne Retail/Office Space Available

      Street-level commercial space in a busy uptown business district.
      1049 BROADWAY, Bayonne, NJ 07002
      View Details
    • $2,500/Mo
      1,000 SF

      Bayonne Retail or Office Space

      Retail or office space with frontage on busy Broadway.
      358 BROADWAY, Bayonne, NJ 07002
      View Details
    • $1,650/Mo

      Bayonne Office Space For Rent

      Uptown office space with utilities included and convenient location.
      1137 AVENUE C, Bayonne, NJ 07002-4914
      View Details
    • $1,750/Mo

      Kennedy Blvd Retail/Office Space

      Storefront on Kennedy Blvd suitable for office, retail, or medical.
      500 KENNEDY BLVD, Bayonne, NJ 07002
      View Details
    • $10,500/Mo

      Versatile Commercial Unit in Bayonne

      Spacious unit suitable for medical, retail, daycare, or offices.
      430-432 BROADWAY, Bayonne, NJ 07002
      View Details
    • $6,250/Mo
      3,000 SF

      Renovated Corner Building in Bayonne

      3,000 SF stand-alone building in Uptown Bayonne's CBD Zone.
      1033 BROADWAY #2, Bayonne, NJ 07002
      View Details
    • $5,500/Mo
      2,500 SF

      Medical Office Space For Lease

      Spacious medical office with utilities included, near public transportation.
      696 AVENUE C, Bayonne, NJ 07002
      View Details
    • $1,500/Mo
      700 SF

      Professional Office Suite For Rent

      Move-in ready office suite with parking in Bayonne, NJ.
      17 WEST 25TH ST #1, Bayonne, NJ 07002
      View Details
    • $1,650/Mo

      Uptown Office Space For Rent

      Office space with two offices, waiting room, and utilities included.
      1137 AVENUE C #1, Bayonne, NJ
      View Details
    • $3,200/Mo
      1,300 SF

      Bayonne Storefront in High-Visibility Area

      Ground-level commercial space in active Bayonne location, ideal for retail.
      249 BROADWAY, Bayonne, NJ 07002
      View Details
    • $3,200/Mo
      900 SF

      Bayonne Retail/Office Space Available

      Retail or office space for rent in central Bayonne.
      804 BROADWAY #1, Bayonne, NJ 07002-0000
      View Details

    FAQs

    What type of property is this?
    Warehouse - 32,400 sq ft warehouse unit with multiple loading docks.
    Where is this warehouse located?
    The property is located at 97 E 2nd St Bayonne, NJ.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 32,400 sq.ft. unit; Features 5 tailgates; Includes 2 drive‑ins
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    William Connors III
    Real Estate License ID: NJ 8638577
    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

    Thank You for Inquiry
    97 E 2nd St, Bayonne, NJ 07002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!