Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    592 Tonnele Ave Jersey City, NJ 07307
    Back to Search
    Property profile & analytics

    592 Tonnele Ave, Jersey City, NJ 07307

    View on Map
    • Industrial properties
    • 0.15 lot acres
    Off-Market
    Property ID
    US59-2015390
    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

    • Industrial properties

    Property Details for 592 Tonnele Ave

    Year built
    1940
    Construction
    BRICK
    Lot size
    0.15 lot acres
    Zone code
    R-1
    Property type
    Industrial properties
    APN
    06 02502-0000-00002
    APU
    602502000000002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 11, 2019 $450,000 Advance Transit LLC 42 C Tonnelle Avenue LLC Trustees Deed $3M · Newtek Small Busn Fin
    Feb 18, 2016 $437,000 42 C Tonnelle Avenue LLC Al Cypress Truck Parts Co 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
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0587
    Latitude
    40.7508
    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
    $6,028
    $262,200
    $22,400
    $284,600
    -
    $262,200
    $22,400
    $284,600

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      187 New York Ave

      INDUSTRIAL (GENERAL)
      187 New York Ave, Jersey City, NJ 07307
      View Details
    • Value Estimation by Request
      0.44 Acres

      34 County Rd

      INDUSTRIAL (GENERAL)
      34 County Rd, Jersey City, NJ 07307
      View Details
    • Value Estimation by Request
      0.22 Acres

      3421 John F Kennedy Blvd

      INDUSTRIAL (GENERAL)
      3421 John F Kennedy Blvd, Jersey City, NJ 07307
      View Details
    • Value Estimation
      $2,585,000
      0.05 Acres

      660 Tonnele Ave

      INDUSTRIAL (GENERAL)
      660 Tonnele Ave, Jersey City, NJ 07307-4111
      View Details
    • Value Estimation
      $560,000
      3.82 Acres

      351 Manhattan Ave

      INDUSTRIAL (GENERAL)
      351 Manhattan Ave, Jersey City, NJ 07307-4441
      View Details
    • Value Estimation
      $890,000
      8,509 SF

      53 Cambridge Ave

      INDUSTRIAL (GENERAL)
      53 Cambridge Ave, Jersey City, NJ 07307-2206
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      55,000 SF

      55,000 SF Industrial Building

      55,000 SF industrial building on 2.92 acres.
      327 Manhattan Ave, Jersey City, NJ 07307
      View Details
    • $999,999

      Approved 4-Unit Project in Heights

      Approved 4-unit residential project in Jersey City Heights.
      208 Thorne St, Jersey City, NJ 07307
      View Details
    • $1,685,000

      Jersey City Heights Mixed-Use Property

      Mixed-use investment opportunity in the heart of Jersey City Heights.
      449 Central Ave, Jersey City, NJ 07307
      View Details
    • Contact for pricing

      Established Convenience Store for Sale

      Profitable convenience store with deli and diverse income streams.
      3511 John F Kennedy Blvd, Jersey City, NJ 07307
      View Details
    • $1,300,000

      Contemporary Two-Family Home in Heights

      Light-filled, rebuilt two-family home with NYC views and strong potential.
      146 Congress St, Jersey City, NJ 07307
      View Details
    • $1,299,000

      Turn-Key Investment Property

      Legal 5-family property with strong income potential in JC Heights.
      180 Thorne St, Jersey City, NJ 07307
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Industrial Space in Jersey City

      5,000 SF industrial space with convenient highway access.
      322 Manhattan Ave, Jersey City, NJ 07307
      View Details
    • Contact for pricing
      60,000 SF

      Industrial Space in Jersey City

      60,000 SF industrial space available for lease.
      330 Manhattan Ave, Jersey City, NJ 07307
      View Details
    • Contact for pricing
      775,000 SF

      775,000 SF Build-To-Suit Industrial

      Located in the heart of the Meadowlands, New Jersey industrial market.
      100 Paterson Plank Rd, Secaucus, NJ 07307
      View Details
    • $2,000 /Mo

      Central Avenue Commercial Space Available

      Prime 750 sq ft commercial space in Jersey City Heights.
      483 Central Ave, Jersey City, NJ 07307
      View Details
    • $6,000 /Mo
      3,000 SF

      Jersey City Retail/Office Space

      3,000 sqft retail or office space in Jersey City.
      298 Central Ave, Jersey City, NJ 07307
      View Details
    • $4,600 /Mo
      1,500 SF

      Retail Space in Jersey City

      Retail space available for lease in Hudson County, Jersey City.
      445 Central Ave, Jersey City, NJ 07307
      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.
    592 Tonnele Ave
    Jersey City, NJ 07307
    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
    592 Tonnele Ave, Jersey City, NJ, 07307
    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!