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

    138 Glenwood Ave Jersey City, NJ 07306

    • Residential income homes
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1556109
    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

    • Residential income homes

    Property Details for 138 Glenwood Ave

    Year built
    1939
    Construction
    BRICK
    Lot size
    0.57 lot acres
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    06 13204-0000-00060
    APU
    613204000000060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0731
    Latitude
    40.7288
    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
    $1,800
    $35,000
    $50,000
    $85,000
    -
    $35,000
    $50,000
    $85,000

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      125 Lk St

      APARTMENT HOUSE (UNDER 5 UNITS) • 0.16 Acres
      125 Lk St, Jersey City, NJ 07306-3408
      View Details
    • Value Estimation by Request
      1,760 SF

      60 Van Reipen Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,760 SF
      60 Van Reipen Ave, Jersey City, NJ 07306-2806
      View Details
    • Value Estimation
      $845,000
      3,406 SF

      13 Saint Pauls Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,406 SF
      13 Saint Pauls Ave, Jersey City, NJ 07306-1880
      View Details
    • Value Estimation
      $970,000
      3,674 SF

      3 Perrine Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,674 SF
      3 Perrine Ave, Jersey City, NJ 07306-2069
      View Details
    • Value Estimation
      $555,000
      1,940 SF

      186 Kensington Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,940 SF
      186 Kensington Ave, Jersey City, NJ 07306
      View Details
    • Value Estimation
      $1,020,000
      4,182 SF

      171 Van Winkle Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,182 SF
      171 Van Winkle Ave, Jersey City, NJ 07306-5128
      View Details

    Similar Nearby for Sale

    • $7,500,000

      Approved Development Opportunity in Jersey

      Approved 7-story residential building project with 101 units in Jersey.
      120 Storms Ave, Jersey City, NJ 07306
      View Details
    • $639,000

      New Jersey City Boutique Residences

      Modern 1-3 bedroom residences in a rapidly evolving neighborhood.
      165 Delaware Ave, Jersey City, NJ 07306
      View Details
    • $429,000
      757 SF

      Boutique Condominium in McGinley Square

      Exclusive 1-3 bedroom residences in evolving Jersey City neighborhood.
      35 Orch St #303, Jersey City, NJ 07306
      View Details
    • $3,900,000

      Development Opportunity in Journal Square

      Prime location near Journal Square Path Train with approved development plans.
      26 Oakland Ave, Jersey City, NJ 07306
      View Details
    • $1,599,000

      Jersey City Multifamily Investment Opportunity

      Well-maintained six-unit building in Jersey City's Heights neighborhood.
      58 Laidlaw Ave, Jersey City, NJ 07306
      View Details
    • $1,200,000

      Prime Jersey City Multifamily Investment

      High-Yield Rooming House, PATH Access
      2767 John F Kennedy Blvd, Jersey City, NJ 07306
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo

      First-Floor Apartment Near Journal Square

      Modern apartment with stainless steel appliances, hardwood floors, in-unit laundry.
      108 Waldo Ave #1D, Jersey City, NJ 07306
      View Details
    • $2,358 /Mo

      Spacious Apartment with Den

      One-bedroom apartment with den, modern amenities, and rooftop lounge.
      179 Academy St #204, Jersey City, NJ 07306
      View Details
    • $1,650 /Mo

      New Studio Apartment Available

      Brand new studio apartment for rent in great location.
      785 Newark Ave, Jersey City, NJ 07306
      View Details
    • $2,300 /Mo

      Journal Square Apartment with Skyline View

      One-bedroom apartment near Journal Square PATH with Manhattan views.
      3 Perrine Ave, Jersey City, NJ 07306
      View Details
    • $1,750 /Mo

      Convenient Jersey City Apartment

      Two-bedroom apartment near Journal Square PATH. Available September 1st.
      170 St Pauls Ave, Jersey City, NJ 07306
      View Details
    • $2,400 /Mo

      Journal Square 2-Bedroom Apartment

      Cozy 2-bedroom apartment in Journal Square, Jersey City.
      23 Vroom St, Jersey City, NJ 07306
      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.
    138 Glenwood Ave
    Jersey City, NJ 07306
    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.