Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Exclusive Opportunity For A Jersey City Dispensary License Jersey City, NJ 07302
    Back to Search
    Property profile & analytics

    Exclusive Opportunity For A Jersey City Dispensary License Jersey City, NJ 07302

    View on Map
    • Retail properties & Spaces
    • 3,900 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Exclusive Opportunity For A Jersey City Dispensary License

    Property size
    3,900 SF
    Property type
    Retail properties & Spaces

    Description

    Exceptional investment opportunity: acquire a turnkey retail cannabis dispensary license in Jersey City, NJ. This 3,900 square foot space is ideally situated for high visibility and customer traffic near the intersection of Routes 1, 9, and 40. The property boasts a current monthly lease rate of $5,000, escalating to $15,000 upon obtaining a Certificate of Occupancy (COO). The asking price for the license is $495,000. Importantly, this opportunity is exempt from the current city moratorium, having already secured zoning approval and conditional approval from the New Jersey Cannabis Regulatory Commission (CRC). The seller is currently finalizing construction plans for tenant improvements, ensuring a smooth transition for the new owner. The application for a local resolution of support from the City Council is eligible for further consideration, paving the way for a fully operational dispensary. This presents a rare chance to enter the burgeoning New Jersey cannabis market in a prime location with significant growth potential. The property is located in Hudson County, NJ, zip code 07302.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0368
    Latitude
    40.7215

    Comparable in this City

    • Value Estimation by Request
      1,450 SF

      149 Essex St

      Office properties & Spaces • 1,450 SF
      149 Essex St, Jersey City, NJ 07302
      View Details
    • Value Estimation by Request
      99,973 SF

      436 Grand St

      Hospitals • 99,973 SF
      436 Grand St, Jersey City, NJ 07302
      View Details
    • Value Estimation by Request
      2,004 SF

      50 Warren St

      Restaurants • 2,004 SF
      50 Warren St, Jersey City, NJ 07302
      View Details
    • Value Estimation by Request
      500 SF

      358 7Th St

      Individual retail properties • 500 SF
      358 7Th St, Jersey City, NJ 07302
      View Details
    • Value Estimation by Request
      14,000 SF

      206 Van Vorst St

      Office Units • 14,000 SF
      206 Van Vorst St, Jersey City, NJ 07302
      View Details
    • Value Estimation by Request
      12,908 SF

      70 Greene St

      Restaurants • 12,908 SF
      70 Greene St, Jersey City, NJ 07302
      View Details

    Similar Nearby for Sale

    • $1,595,000

      Mixed-Use Investment Near Hamilton Park

      Mixed-use property with restaurant and residential units near Hamilton Park.
      227 7Th St, Jersey City, NJ 07302
      View Details
    • $1,595,000

      Mixed-Use Investment Near Hamilton Park

      Mixed-use property with restaurant and residential units near Hamilton Park.
      227 7Th St, Jersey City, NJ 07302
      View Details
    • Contact for pricing

      Prime Grove Street Commercial Unit

      898 SF commercial unit in Downtown Jersey City.
      363 Grove St, Jersey City, NJ 07302
      View Details
    • $599,000

      Corner Retail/Office Condo For Sale

      800 SF corner unit in Downtown Jersey City.
      349 2Nd St, Jersey City, NJ 07302
      View Details
    • $2,200,000

      Mixed-Use Building in Downtown Jersey

      Five-story mixed-use building site in Jersey City's Village.
      351 3Rd St, Jersey City, NJ 07302
      View Details
    • $599,000

      Prime Corner Retail/Office Space

      800 sq ft corner space in Downtown Jersey City.
      349 2Nd St, Jersey City, NJ 07302
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Turn Key Restaurant Opportunity

      Fully vented restaurant space near Grove Street Path Station.
      143 Newark Ave, Jersey City, NJ 07302
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Jersey City.
      436 Grand St, Jersey City, NJ 07302
      View Details
    • Contact for pricing

      Jersey City Commercial Space

      Commercial space available for lease in Jersey City, NJ.
      50 Warren St, Jersey City, NJ 07302
      View Details
    • $12,000 /Mo

      Downtown Jersey City Retail Space

      Prime retail space near Grove Street PATH station.
      139 Christopher Columbus Dr #2, Jersey City, NJ 07302
      View Details
    • $21,875

      Downtown JC Office/Retail Space

      3,500 sq ft commercial space in Downtown Jersey City.
      190 Christopher Columbus Dr, Jersey City, NJ 07302
      View Details
    • $16,000 /Mo

      Downtown Jersey City Retail Space

      Prime retail space near Grove St PATH station.
      139 Christopher Columbus Dr #1, Jersey City, NJ 07302
      View Details
    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.
    Exclusive Opportunity For A Jersey City Dispensary License
    Jersey City, NJ 07302
    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
    Exclusive Opportunity For A Jersey City Dispensary License, Jersey City, NJ, 07302
    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!