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Property profile & analytics
OFF-MARKET
Retail space
550 Observer Hwy Hoboken, NJ 07030-9304
Individually Owned
14-yr Hold
Free & Clear
Property ID
US59-1421013
Property summary
AI-generated 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.
Property profile
Verified
Property type
Retail space
Use group
OFFICE BUILDING
Year built
2005
Total area
860 SF
Lot
0.02 ac (860 SF)
Zoning code
R-3
APN
05 00016-0000-00042- 01-C000C
UPID
US59-1421013
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Poojae Kharbanda · 14 yrs held
Poojae Kharbanda
since 2012
5 recorded transactions
Zoning & alternative use
R-3 · Hoboken, 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 Hoboken submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hoboken 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$9,006
Tax year 2022
Assessed value
$558,000
Assessed 2023
Previous assessed
$558,000
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$119,000
Assessed improvement
$439,000
Land market value
$119,000
Improvement market value
$439,000
Total market value
$558,000
Applied tax rate
5.0000
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
Retail space
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
NONE
Total area
860 SF
Lot
0.02 ac (860 SF)
Zoning code
R-3
APN
05 00016-0000-00042- 01-C000C
UPID
US59-1421013
Jurisdiction
HUDSON
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-3 · Hoboken, NJ
Zoning R-3 · permitted uses
R-3 · Hoboken, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hoboken. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Lot
0.02 ac
Current owner
From public records · entity-resolved
Poojae Kharbanda
Individual
Free & Clear · 14 yrs held
Mailing address
507 W 28TH ST APT 14D, NEW YORK, NY 10001-5868
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2020
—
John C Hageny
—
Deed
related
$505,000 · Amres Corp
Apr 5, 2012
—
Poojae Kharbanda
550 Observer Co1 LLC
Grant Deed
related
—
Sep 13, 2011
$245,000
550 Observer C01 LLC
550 Observer Hwy LLC
Grant Deed
related
—
—
—
John C Hageny
—
Deed Of Trust
related
$505,000 · Amres Corp
—
—
550 Observer Hwy LLC
—
Deed Of Trust
related
$250,000 · Lawrence Armino
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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