Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    206 Van Vorst St Jersey City, NJ 07302
    Property profile & analytics

    206 Van Vorst St Jersey City, NJ 07302

    View on Map
    • Office Units
    • 14,000 SF
    Off-Market
    Property ID
    US59-1838673
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bel Fuse Inc / Factory / Production Facility
    • 206 Van Vorst St Parking / Parking Lot & Garage
    • Bel / Corporate Office

    Property Details for 206 Van Vorst St

    Property size
    14,000 SF
    Property type
    Office Units
    Property subtype
    Medical Office Space

    Description

    This stunning, 14,000-square-foot office building, located in the desirable Paulus Hook neighborhood of Jersey City, presents a unique leasing opportunity. Previously the global headquarters of a NASDAQ-listed electrical manufacturing company, the property boasts a meticulously designed layout ideal for medical, traditional, or creative office uses. The building underwent a complete renovation in 2018. The space is configured as a single-tenant occupancy, offering two identical floor plates, each approximately 7,000 square feet. Each floor features multiple ADA-compliant bathrooms, expansive window lines providing abundant natural light, and sleek glass office suites. The building's convenient location offers easy access to public transportation, situated just 0.3 miles from the Grove Street PATH station and 0.8 miles from Exchange Place. This turnkey space is ready for immediate occupancy and represents a rare opportunity to secure a high-quality, well-appointed office building in a prime Jersey City location. The property is classified as Office, Special Purpose, and Retail, offering versatility for a range of business needs. The building's modern design and prime location make it an exceptional choice for discerning tenants seeking a sophisticated and functional workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0408907
    Latitude
    40.7145338

    Comparable in this City

    • 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
    • $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
    • Contact for pricing
      40,000 SF

      Historic Loft Building in Jersey City

      Landmark building with luxury lofts, ideal for work and living.
      150 Bay St, Jersey City, NJ 07302
      View Details
    • $2,500 /Mo

      Downtown Jersey City Retail/Office

      800 SF corner space in downtown Jersey City.
      349 2Nd St, Jersey City, NJ 07302
      View Details
    • Contact for pricing

      Downtown Jersey City Commercial Space

      Versatile 628 sq ft space in Downtown Jersey City.
      284-286 1St St, Jersey City, NJ 07302
      View Details
    • $21,875

      Downtown Jersey City Commercial Space

      3,500 sq ft retail/office space in vibrant downtown Jersey City.
      190 Christopher Columbus Dr #Main, Jersey City, NJ 07302
      View Details

    Similar Nearby for Sale

    • $875,000

      Downtown Office with Private Backyard

      Professional office space with private backyard in downtown Jersey City.
      273 Monmouth 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
    • $899,000

      Downtown Jersey City Office Condo

      Turnkey 900 SF commercial condo with basement and backyard.
      273A Monmouth 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

    Similar Nearby for Lease

    • 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
    • $18,000 /Mo

      Downtown Jersey City Retail/Office Space

      Prime location near Grove St PATH. Ideal for retail/office/restaurant.
      311 Grove St, Jersey City, NJ 07302
      View Details
    • Contact for pricing

      Jersey City Commercial Space

      Commercial space available for rent in Jersey City, NJ.
      150 Bay St, 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
    • Contact for pricing
      40,000 SF

      Historic Loft Building in Jersey City

      Landmark building with luxury lofts, ideal for work and living.
      150 Bay St, Jersey City, NJ 07302
      View Details
    • Contact for pricing

      Downtown Jersey City Commercial Space

      Versatile 628 sq ft space in Downtown Jersey City.
      284-286 1St St, 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.
    206 Van Vorst St
    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
    206 Van Vorst St, 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!