Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1060 Ave C C Bayonne, NJ 07002

    • Gas stations
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Nov 16, 2021
    $1,250,000
    Value Estimations
    $1,425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2017727
    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

    • Gas stations

    Property Details for 1060 Ave C C

    Lot size
    0.15 lot acres
    Property type
    Gas stations
    APN
    01 00045-0000-00001
    APU
    100045000000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,610,000
      ML approach
      $1,585,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bayonne
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1037
    Latitude
    40.6845
    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
    $16,388
    $504,000
    $118,400
    $622,400
    -
    $504,000
    $118,400
    $622,400

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      1054 Broadway

      GAS STATION • 0.23 Acres
      1054 Broadway, Bayonne, NJ 07002-4155
      View Details
    • Value Estimation by Request
      0.37 Acres

      533-543 John F Kennedy Blvd

      GAS STATION • 0.37 Acres
      533-543 John F Kennedy Blvd, Bayonne, NJ 07002
      View Details
    • Value Estimation by Request
      0.39 Acres

      752 Ave E Ave, Unit 764

      GAS STATION • 0.39 Acres
      752 Ave E Ave, Bayonne, NJ 07002-4042
      View Details
    • Value Estimation by Request
      0.08 Acres

      246-248 Ave C C, Unit 248

      GAS STATION • 0.08 Acres
      246-248 Ave C C, Bayonne, NJ 07002-2502
      View Details
    • Value Estimation by Request
      1,134 SF

      218-222 Broadway, Unit 222

      GAS STATION • 1,134 SF
      218-222 Broadway, Bayonne, NJ 07002-2425
      View Details
    • Value Estimation by Request
      0.09 Acres

      36 Cottage St, Unit 38

      GAS STATION • 0.09 Acres
      36 Cottage St, Bayonne, NJ 07002-4335
      View Details

    Similar Nearby for Sale

    • $599,900
      0.06 Acres

      Bayonne Investment Opportunity

      Rare lot suitable for various commercial or residential developments.
      1215 Kennedy Blvd, Bayonne, NJ 07002
      View Details
    • $885,000

      Mixed-Use Property in Bayonne, NJ

      Mixed-use property in the heart of Bayonne, great investment opportunity.
      804 Broadway, Bayonne, NJ 07002
      View Details
    • $1,400,000
      6,000 SF

      Mixed-Use Building with Bar/Venue

      Four-unit residential building with bar/venue and outdoor patio.
      167 Avenue E, Bayonne, NJ 07002
      View Details
    • Contact for pricing

      Mixed-Use Property on Main Ave

      Mixed-use property with approved permits for residential and commercial units.
      1031 Broadway, Bayonne, NJ 07002
      View Details
    • $885,000

      Mixed-Use Investment Opportunity, Bayonne

      Mixed-use property with retail/office space and two apartments.
      804 Broadway, Bayonne, NJ 07002
      View Details

    Similar Nearby for Lease

    • $700 /Mo

      Garage Plus Storage Space Available

      Garage and storage space for rent, approximately 500 square feet.
      63 WEST 18Th St, Bayonne, NJ 07002
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space with On-Site Parking

      Prime retail location with parking and modernized facade underway.
      266-280 Broadway, Bayonne, NJ 07002
      View Details
    • $350 /Mo

      Covered Garage Space in Bayonne

      Secure covered garage space for parking and storage in Bayonne.
      525 Avenue E, Bayonne, NJ 07002
      View Details
    • Contact for pricing
      1 SF

      Bayonne Retail Space: 1 sq ft.

      Prime Bayonne retail opportunity. Single-tenant, Hudson County location.
      156 Avenue, Bayonne, NJ 07002
      View Details
    • $3,095 /Mo

      Bayonne Retail Space For Rent

      1850 SF retail space in a growing New Jersey town.
      363 Broadway, Bayonne, NJ 07002
      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
    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.
    1060 Ave C C
    Bayonne, NJ 07002
    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.