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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Industrial properties
55 Caven Pt Ave Jersey City, NJ 07305-4603
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1089166
Property summary
AI-generated overview
This exceptional 0.84-acre industrial land parcel, located at 55 Caven Point Ave in Jersey City, Hudson County, presents a unique investment opportunity. Boasting 36,800 square feet of usable space, this single-tenant property is currently vacant and ready for immediate development. The site features convenient access with three separate access points, making logistics and operations efficient. Two existing structures are on the site, offering potential for repurposing or removal depending on the buyer's needs. The property is serviced by running water and electricity, simplifying the setup for various industrial or commercial uses. Ideal for outdoor storage or parking, this versatile lot offers significant potential for a range of businesses. The property's 170-foot frontage provides excellent visibility and accessibility. Annual property taxes are calculated at $0.40 per square foot. This strategically located land parcel offers a compelling opportunity to establish a strong presence in a thriving industrial area. Don't miss this chance to acquire a prime piece of Jersey City real estate.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
CONCRETE BLOCKS
Lot
0.84 ac (36,808 SF)
Zoning code
I-2
APN
06 24301-0000-00002
UPID
US59-1089166
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
s and a pallets recycling Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.62M
Owner & transaction history
55 Caven Point LLC · 4 yrs held
55 Caven Point LLC
since 2022
Last sale
$2.4M
2 recorded transactions
Zoning & alternative use
I-2 · Jersey City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jersey City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jersey City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,755,000
ML approach
$2,935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±10% · vs last sale $2.40M (Jul 14 2022)
Last sale anchor
$2.40M
Jul 14 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$11,988
Tax year 2022
Assessed value
$566,000
Assessed 2023
Previous assessed
$566,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$378,000
Assessed improvement
$188,000
Land market value
$378,000
Improvement market value
$188,000
Total market value
$566,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Construction
CONCRETE BLOCKS
Heating
YES
Stories
1
Lot
0.84 ac (36,808 SF)
Zoning code
I-2
APN
06 24301-0000-00002
UPID
US59-1089166
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Jersey City, NJ
Zoning I-2 · permitted uses
I-2 · Jersey City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jersey City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
CONCRETE BLOCKS
Heating
YES
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
55 Caven Point LLC
Entity
Mailing address
55 CAVEN PT AVE, JERSEY CITY, NJ 07305-4603
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
$2,400,000
55 Caven Point LLC
Julia Sudylo
Deed
$1,680,000 · Provident Bank
Feb 14, 1992
$65,000
Andrew Sudylo
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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