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    Property profile & analytics

    605 Grove St Jersey City, NJ 07310

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US59-1887556
    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

    • Commercial real estate

    Property Details for 605 Grove St

    Property type
    Commercial real estate

    Description

    This exceptional 4,965 square foot development site is located in the heart of Downtown Jersey City's SoHo neighborhood, known for its high rents exceeding even those in New York City's Financial District. The property is zoned under the JERSEY AVENUE LIGHT RAIL REDEVELOPMENT PLAN, allowing for a proposed 12-story building with 66 residential units. This prime location offers unparalleled investment potential, situated near notable developments such as The Enclave, 100 House, and One Ten Cast Iron Lofts, famous for its iconic David Bowie mural. Studio apartments in this area command luxury rents ranging from $4.08 to $5.10 per square foot, reflecting the strong demand and high rental income potential. The site's address is 605 Grove Street, Jersey City, New Jersey, 07310, in Hudson County. Detailed site plans and comparable lease information are available upon request. This presents a unique opportunity to capitalize on the thriving Jersey City real estate market and create a highly profitable residential development in a sought-after location. The property is classified as both commercial and residential land.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0413051
    Latitude
    40.7321811

    Comparable in this City

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      Garden Facing Condo with Parking

      Spacious 2 bed, 2 bath condo near Hoboken border.
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      Renovated Loft in Zephyr Lofts

      Chic, modern 1-bedroom loft with amenities in Jersey City.
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      Downtown JC Investment Opportunity

      Investment property located in downtown JC, New Jersey.
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      Established Restaurant in Downtown Jersey

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    Similar Nearby for Sale

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      1,377 SF

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    • $3,900,000

      Renovated Multifamily Building in Downtown

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    • $808,000

      Garden Facing Condo with Parking

      Spacious 2 bed, 2 bath condo near Hoboken border.
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    • $499,000

      Renovated Loft in Zephyr Lofts

      Chic, modern 1-bedroom loft with amenities in Jersey City.
      689 Luis Munoz Marin Blvd, Jersey City, NJ 07310
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    • $600,000

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      Downtown JC Investment Opportunity

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      View Details

    Similar Nearby for Lease

    • Contact for pricing
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      Prime Jersey City Retail Space

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    • $40 SF/Yr

      Retail Space in Downtown JC

      Retail space in Jersey City's Soho West neighborhood.
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    Request Owner's contact information
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    605 Grove St
    Jersey City, NJ 07310
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    Realmo Value Estimation

    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.

    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.

    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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