Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    629 Grove St Jersey City, NJ 07310

    • Industrial properties
    • 930 SF
    • 9.74 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1901423
    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

    • Brita Litho / Marketing & Advertising / Printing Service
    • Stuart Meyer Inc / Trucking Company
    • Jersey City Plumbing & HVAC / Plumbing Service / General Contractor
    • HMS Monaco / Big Box & Wholesale Store
    • Cobra Fencing Club / Sports School

    Property Details for 629 Grove St

    Construction
    BRICK
    Lot size
    9.74 lot acres
    Property size
    930 SF
    Property type
    Industrial properties
    APN
    06 06002-0000-00009
    APU
    606002000000009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0424
    Latitude
    40.734
    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
    $984,673
    $21,943,700
    $24,547,000
    $46,490,700
    -
    $21,943,700
    $24,547,000
    $46,490,700

    Comparable in this City

    • Value Estimation by Request
      2.08 Acres

      223 Coles St

      INDUSTRIAL (GENERAL) • 2.08 Acres
      223 Coles St, Jersey City, NJ 07310
      View Details
    • Value Estimation
      $19,930,000
      2.48 Acres

      660 Grv St

      INDUSTRIAL (GENERAL) • 2.48 Acres
      660 Grv St, Jersey City, NJ 07310-1232
      View Details
    • Value Estimation by Request
      0.15 Acres

      693 Luis Munoz Marin Blvd

      INDUSTRIAL (GENERAL) • 0.15 Acres
      693 Luis Munoz Marin Blvd, Jersey City, NJ 07310-1225
      View Details
    • Value Estimation by Request
      0.03 Acres

      Jersey Ave

      INDUSTRIAL (GENERAL) • 0.03 Acres
      Jersey Ave, Jersey City, NJ 07310
      View Details
    • Value Estimation by Request
      0.70 Acres

      227 Coles St, Unit 233

      INDUSTRIAL (GENERAL) • 0.70 Acres
      227 Coles St, Jersey City, NJ 07310-1007
      View Details
    • Value Estimation
      $625,000
      3.60 Acres

      615 Monmouth St

      INDUSTRIAL (GENERAL) • 3.60 Acres
      615 Monmouth St, Jersey City, NJ 07310
      View Details

    Similar Nearby for Sale

    • $969,000
      1,377 SF

      Spacious Condo with Manhattan Views

      3-bed, 2-bath condo with Manhattan views, near Newport PATH.
      45 South #1814, Jersey City, NJ 07310
      View Details
    • $3,900,000

      Renovated Multifamily Building in Downtown

      Ten-unit building in Downtown Jersey City, fully renovated with modern amenities.
      208 15Th St, Jersey City, NJ 07310
      View Details
    • $1,499,000

      Downtown JC Investment Opportunity

      Investment property located in downtown JC, New Jersey.
      238-240 14Th St, Jersey City, NJ 07310
      View Details
    • $808,000

      Garden Facing Condo with Parking

      Spacious 2 bed, 2 bath condo near Hoboken border.
      700 Grove St, Jersey City, NJ 07310
      View Details
    • $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
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,400 SF

      Industrial Warehouse Space For Rent

      20,400 square foot industrial warehouse space available for rent.
      629 Grove St, Jersey City, NJ 07310
      View Details
    • Contact for pricing
      4,100 SF

      Prime Corner Retail Space Available

      Corner retail space in Downtown Jersey City near Newport PATH.
      455 Washington Blvd, Jersey City, NJ 07310
      View Details
    • Contact for pricing
      15,611 SF

      New Retail Space Available

      New construction retail space at base of luxury condominium.
      2 Shore Ln, Jersey City, NJ 07310
      View Details
    • Contact for pricing
      46,360 SF

      Prime Jersey City Executive Office Space

      46,360 SF, Class A, Immediate Occupancy
      499 Washington Blvd, Jersey City, NJ 07310
      View Details
    • $40 SF/Yr

      Jersey City Retail/Office Space

      Located in Jersey City's Soho West neighborhood, built in 2016.
      300 Coles St, Jersey City, NJ 07310
      View Details
    • $40 SF/Yr

      Retail Space in Downtown JC

      Retail space in Jersey City's Soho West neighborhood.
      300 Coles St, Jersey City, NJ 07310
      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.
    629 Grove St
    Jersey City, NJ 07310
    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

    Google sign-in failed. Please try again or use another login method.