Property profile & analytics
550 Observer Hwy Hoboken, NJ 07030-9304
This 860 SF retail space is located on a corner in downtown Hoboken. It is configured in a way suitable for a personal trainer, Pilates or yoga studio, salon, or light professional use. The space benefits from southeast exposure, providing natural light and foot traffic. Rubber matting, installed by a previous tenant, remains in place. Features include central air conditioning, ceiling fans, tall ceilings, a private full bath, and a galley kitchenette. The property offers visibility on a corner with direct street-level access and a private entrance. It is located a short distance from the Path, Light Rail, shops, restaurants, nightlife, the Jersey City border, and future development.
- Retail space
- 860 SF
- 0.02 lot acres
Location Intelligence
Property ID
US59-1421013
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
- Retail space
Property Details for 550 Observer Hwy
- Year built
- 2005
- Lot size
- 0.02 lot acres
- Property size
- 860 SF
- Zone code
- R-3
- Property type
- Retail space
- APN
- 05 00016-0000-00042- 01-C000C
- APU
- 050001600000004201C000C
Property Overview
This 860 SF retail space is located on a corner in downtown Hoboken. It is configured in a way suitable for a personal trainer, Pilates or yoga studio, salon, or light professional use. The space benefits from southeast exposure, providing natural light and foot traffic. Rubber matting, installed by a previous tenant, remains in place. Features include central air conditioning, ceiling fans, tall ceilings, a private full bath, and a galley kitchenette. The property offers visibility on a corner with direct street-level access and a private entrance. It is located a short distance from the Path, Light Rail, shops, restaurants, nightlife, the Jersey City border, and future development.
Value Estimation
by Realmo proprietary methodology
Last update: July 3, 2025
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $455,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $500,000
- Retail
- $505,000
- Mixed-Use
- $430,000
- Hospitality
- $445,000
- Educational
- $525,000
- Residential Income
- $395,000
- Energy
- $505,000
- Income-Based Land
- $495,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Hoboken
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0398
- Latitude
- 40.7374
- 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
$9,006
$119,000
$439,000
$558,000
-
$119,000
$439,000
$558,000
