Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    307 Newark St Hoboken, NJ 07030
    Property profile & analytics

    307 Newark St, Hoboken, NJ 07030

    View on Map
    • Parking lots & garages
    • 0.23 lot acres
    Off-Market
    Property ID
    US59-1264519
    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

    • Parking lots & garages

    Property Details for 307 Newark St

    Lot size
    0.23 lot acres
    Zone code
    I-2
    Property type
    Parking lots & garages
    APN
    05 00002- 01-00007
    APU
    5000020100007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 8, 2011 $2,775,000 307 Newark Parking LLC Hoboken Parking Spe 1 LLC Grant Deed —
    Sep 17, 2008 $1,500,000 Hoboken Parking Spe 1 LLC 307 Newark Street LLC Bargain And Sale Deed —
    Mar 13, 2004 $1 307 Newark Street LLC Willow & Newark LLC Grant Deed $250k · Lakeland Bank
    Jan 13, 2004 $275,000 Orac INC Sheriff Of Hudson County Trustees Deed —
    Jan 13, 2004 $475,000 Willow & Newark LLC Orac INC Grant Deed —

    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
    Hoboken
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0352
    Latitude
    40.7372
    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
    $7,321
    $427,500
    $29,800
    $457,300
    -
    $427,500
    $29,800
    $457,300

    Comparable in this City

    • Value Estimation by Request
      0.29 Acres

      706 Madison St, Unit 14

      PARKING LOT
      706 Madison St, Hoboken, NJ 07030-6307
      View Details
    • Value Estimation
      $4,250,000
      0.06 Acres

      214 2nd St

      PARKING LOT
      214 2nd St, Hoboken, NJ 07030
      View Details
    • Value Estimation by Request
      0.12 Acres

      76 Hudson St

      PARKING LOT
      76 Hudson St, Hoboken, NJ 07030
      View Details
    • Value Estimation by Request
      0.17 Acres

      1502-1506 Willow Ave

      PARKING LOT
      1502-1506 Willow Ave, Hoboken, NJ 07030
      View Details
    • Value Estimation by Request
      0.21 Acres

      77 Willow Ave

      PARKING LOT
      77 Willow Ave, Hoboken, NJ 07030
      View Details
    • Value Estimation by Request
      0.07 Acres

      416 Adams St

      PARKING LOT
      416 Adams St, Hoboken, NJ 07030
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Hoboken Retail Condo For Sale

      Commercial condo in downtown Hoboken with high visibility and foot traffic.
      225 Washington St, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Hoboken Multifamily and Retail Portfolio

      7-property portfolio in Hoboken with multifamily and commercial units.
      1327 Willow Ave, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Prime Hoboken Retail Condo

      Commercial condo on Washington Street with high visibility and foot traffic.
      225 Washington St, Hoboken, NJ 07030
      View Details
    • $480,000

      Hoboken Retail Space For Sale

      Corner retail unit with long-term lease in Hoboken.
      1200 Grand St, Hoboken, NJ 07030
      View Details
    • $450,000

      New Construction Retail Space

      New construction retail space delivered as white box.
      87 Jefferson St, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Downtown Retail Condo For Sale

      Commercial condo with tenant in place, 6.5% cap rate.
      000 Washington St, Hoboken, NJ 07030
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hoboken Retail Space Available

      Retail space for lease in Hoboken, New Jersey.
      205 Hudson St, Hoboken, NJ 07030
      View Details
    • $3,300 /Mo

      Downtown Hoboken Retail/Spa Space

      Retail space with private backyard in downtown Hoboken.
      108 Adams St, Hoboken, NJ 07030
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Hoboken

      Retail space available for lease in Hoboken, New Jersey.
      410 Washington St, Hoboken, NJ 07030
      View Details
    • $2,800 /Mo
      500 SF

      Hoboken Office/Retail Space Available

      500 sqft Hoboken office or retail space for rent.
      1 Newark St, Hoboken, NJ 07030
      View Details
    • $6,500 /Mo

      Renovated Retail and Office Space

      Modern retail and office space with unique backyard access.
      423 Washington St, Hoboken, NJ 07030
      View Details
    • Contact for pricing

      Unique Renovated Commercial Space Available

      Renovated 2,550 SF commercial space in former Hoboken church.
      1225 Willow Ave, Hoboken, NJ 07030
      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.
    307 Newark St
    Hoboken, NJ 07030
    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
    307 Newark St, Hoboken, NJ, 07030
    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!