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    Property profile & analytics

    3201 Bergenline Ave Union City, NJ 07087

    • Banks
    • 0.10 lot acres
    For Lease
    View listing
    Last Sale
    Feb 10, 2022
    $2,000,000
    Value Estimations
    $2,185,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1017541
    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

    • Bank / Bank
    • Capital One ATM / Atm
    • Capital One Bank / Atm / Bank

    Property Details for 3201 Bergenline Ave

    Construction
    BRICK
    Lot size
    0.10 lot acres
    Property type
    Banks
    APN
    10 00193-0000-00020
    APU
    1000193000000020

    Description

    This exceptional 4,403 square foot retail space in Union City, New Jersey, presents a unique investment opportunity. Located at the highly visible corner of 32nd Street and Bergenline Avenue, this property benefits from significant foot and vehicular traffic. Previously occupied by a bank, the space offers excellent visibility and exposure to a diverse customer base. The building's single-tenant configuration provides flexibility for a variety of businesses. The property's location within a thriving commercial district, surrounded by complementary retail shops and restaurants, ensures a vibrant and active neighborhood atmosphere. The 4,403 square feet provide ample space for a wide range of retail uses. The address is 3201 Bergenline Avenue, Union City, NJ 07087. This prime location offers unparalleled access to a large and diverse customer base, making it an ideal space for businesses seeking high visibility and strong foot traffic. The property's former use as a bank suggests a strong foundation and potentially desirable features. This is a rare opportunity to secure a prominent retail space in a bustling commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,295,000
      ML approach
      $2,440,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0293
    Latitude
    40.7724
    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
    $48,431
    $254,200
    $399,300
    $653,500
    -
    $254,200
    $399,300
    $653,500

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      4800 Bergenline Ave, Unit 04

      FINANCIAL BUILDING • 0.17 Acres
      4800 Bergenline Ave, Union City, NJ 07087-5113
      View Details
    • Value Estimation by Request
      4,950 SF

      1020 Smt Ave

      FINANCIAL BUILDING • 4,950 SF
      1020 Smt Ave, Union City, NJ 07087-5512
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    • Value Estimation by Request
      0.35 Acres

      614 Smt Ave

      FINANCIAL BUILDING • 0.35 Acres
      614 Smt Ave, Union City, NJ 07087-3450
      View Details
    • Value Estimation
      $2,300,000
      4,468 SF

      4200 Bergenline Ave

      FINANCIAL BUILDING • 4,468 SF
      4200 Bergenline Ave, Union City, NJ 07087-4924
      View Details
    • Value Estimation
      $575,000
      8,280 SF

      800 Smt Ave

      FINANCIAL BUILDING • 8,280 SF
      800 Smt Ave, Union City, NJ 07087-5508
      View Details
    • Value Estimation
      $575,000
      3,534 SF

      3814 Bergenline Ave

      FINANCIAL BUILDING • 3,534 SF
      3814 Bergenline Ave, Union City, NJ 07087-4849
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      4,403 SF

      Prime Corner Retail Space Available

      High-visibility 4,403 SF commercial space on Bergenline Avenue.
      3201 Bergenline Ave, Union City, NJ 07087
      View Details
    • $2,000 /Mo

      Prime Retail Space on Bergenline

      High-visibility 600 sq ft retail space on Bergenline Avenue.
      4419 Bergenline Ave, Union City, NJ 07087
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    • $20 SF/Yr

      Union City Retail/Warehouse Space

      7,200 SF retail/warehouse space in Union City.
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    • $24 SF/Yr
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      Union City Commercial Condo - 1900 SF

      Prime Union City location, versatile space, high foot traffic.
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      Retail Space in Union City

      Retail space available for rent in Union City, New Jersey.
      4306 John F. Kennedy, Union City, NJ 07087
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    • $11,500 /Mo

      Retail Space for Lease

      Retail space available for lease in Union City, NJ.
      4415 Park Ave, Union City, NJ 07087
      View Details
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    3201 Bergenline Ave
    Union City, NJ 07087
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    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
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