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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    228 7th St Jersey City, NJ 07302-2002

    • Commercial real estate
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Jan 16, 2025
    $26,650
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1822069
    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

    • Jersey City Hair / Hair Salon
    • Salon X / Hair Salon

    Property Details for 228 7th St

    Construction
    BRICK
    Lot size
    0.03 lot acres
    Property type
    Commercial real estate
    APN
    06 10005-0000-00015
    APU
    610005000000015

    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
    -74.0438
    Latitude
    40.7262
    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
    2023
    $32,334
    $373,500
    $1,065,500
    $1,439,000
    -
    $373,500
    $1,065,500
    $1,439,000

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      8 Brks St

      COMMERCIAL (GENERAL) • 0.21 Acres
      8 Brks St, Jersey City, NJ 07302
      View Details
    • Value Estimation by Request
      0.12 Acres

      127 Morgan St

      COMMERCIAL (GENERAL) • 0.12 Acres
      127 Morgan St, Jersey City, NJ 07302
      View Details
    • Value Estimation by Request
      0.06 Acres

      133 Morris St

      COMMERCIAL (GENERAL) • 0.06 Acres
      133 Morris St, Jersey City, NJ 07302-4442
      View Details
    • Value Estimation by Request
      0.04 Acres

      190 Newark Ave

      COMMERCIAL (GENERAL) • 0.04 Acres
      190 Newark Ave, Jersey City, NJ 07302-2823
      View Details
    • Value Estimation
      $585,000
      0.12 Acres

      150 Newark Ave

      COMMERCIAL (GENERAL) • 0.12 Acres
      150 Newark Ave, Jersey City, NJ 07302-2881
      View Details
    • Value Estimation by Request
      0.13 Acres

      233 Newark Ave

      COMMERCIAL (GENERAL) • 0.13 Acres
      233 Newark Ave, Jersey City, NJ 07302-4297
      View Details

    Similar Nearby for Sale

    • $699,000

      Mercer Street Specialty Property

      Specialty property available for sale on Mercer Street.
      124 Mercer 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
    • $1,550,000

      Renovated Two-Family Home in Jersey City

      Newly renovated two-family home in Jersey City's vibrant Village section.
      353 5Th St, Jersey City, NJ 07302
      View Details
    • $550,000
      700 SF

      Corner Two Bedroom Condo

      Two-bedroom condo with abundant natural light and desirable amenities.
      263 10Th St, Jersey City, NJ 07302
      View Details
    • $2,600,000

      Land For Sale Jersey City

      Land available for sale in Jersey City, New Jersey.
      197 Bay St, Jersey City, NJ 07302
      View Details
    • $199,000

      Turnkey Coffee Shop in Jersey

      Operating coffee shop for sale with equipment and low lease.
      0001 Washington Blvd, Jersey City, NJ 07302
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      21,100 SF

      Downtown Jersey City Retail/Office Space

      Boutique Offices, Prime Location, 4 Spaces Available
      372 9Th St, Jersey City, NJ 07302
      View Details
    • Contact for pricing
      76,194 SF

      Harborside Jersey City Office Space

      Office building with views of Manhattan and the Hudson River.
      135 Greene St, Jersey City, NJ 07302
      View Details
    • $36 SF/Yr
      42,735 SF

      Jersey City Medical Office Space

      Prime Medical Office Suites, Jersey City NJ
      121 Newark Ave, Jersey City, NJ 07302
      View Details
    • $22 SF/Yr
      20,635 SF

      Jersey City Executive Suites

      Premium Hudson Street Offices, NJ
      101 Hudson St, Jersey City, NJ 07302
      View Details
    • $20,000 /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
      28,966 SF

      Prime Office Space in Arts District

      Office space in the heart of the Powerhouse Arts District.
      124-134 Bay 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.
    228 7th St
    Jersey City, NJ 07302-2002
    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.