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    Property profile & analytics

    23 18Th St Bayonne, NJ 07002

    • Commercial real estate
    • 0.11 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $850,000
    Last Sale
    Aug 30, 2023
    $735,000
    Location Intelligence
    Property ID
    US59-2177303
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 23 18Th St

    Construction
    BRICK
    Lot size
    0.11 lot acres
    Property type
    Commercial real estate
    APN
    01 00225-0000-00011
    APU
    100225000000011

    Description

    This exceptional Bayonne, New Jersey industrial property, located at 23 W 18th St, 07002, offers 6,500 square feet of warehouse space in a single-tenant building. Currently, 6,000 square feet is available for lease. The building is classified as Class C and underwent renovations in 2023. The warehouse features a convenient drive-in garage door, providing easy access for loading and unloading. The high ceilings, measuring 14 feet, offer ample vertical space for storage. The property is a two-story building, and each available space includes a private office and bathroom, enhancing functionality and privacy. Essential utilities such as heat and electricity are included. The flexible space is well-suited for various uses, making it an attractive option for businesses seeking storage solutions or contractors needing a functional workspace. The property's location in Bayonne provides easy access to major transportation routes, further enhancing its appeal. This is a rare opportunity to secure a well-maintained, renovated warehouse in a prime location. Inquire today to learn more about leasing options.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $905,000

    • CAP approach

      CAP return
      Estimation
      6%
      $760,000
      6.5%
      $695,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $770,000
      Geo Method
      $730,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $765,000
      Retail
      $850,000
      Mixed-Use
      $760,000
      Hospitality
      $680,000
      Educational
      $695,000
      Residential Income
      $740,000
      Energy
      $645,000
      Income-Based Land
      $795,000
      Food Service
      $665,000

    Location Insight

    • Map
    • Local Demand
    City
    Bayonne
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1217
    Latitude
    40.6615
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $15,198
    $202,500
    $374,700
    $577,200
    -
    $202,500
    $374,700
    $577,200

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    23 18Th St
    Bayonne, NJ 07002
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    Realmo Value Estimation

    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.

    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.

    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
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