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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    697 Kearny Ave Kearny, NJ 07032

    • Medical offices
    • 9,999 SF
    For Sale
    View listing
    $750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2134229
    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

    • Pascual Elias MD / Doctor
    • Pacific General Contractor Llc / Contractor

    Property Details for 697 Kearny Ave

    Year built
    9999
    Property size
    9,999 SF
    Property type
    Medical offices
    Property subtype
    Mixed-use properties

    Description

    Free-standing mixed-use property located on the busy road of Kearny with a commercial space on the 1st floor, currently a medical office, and one residential unit. 4 plus cars parking in the rear of the property. The medical office has a reception area, an office, 4 exam rooms, and a half bath. The apartment has a living room, a dining room, a kitchen, 3 bedrooms, and a full bath. Partial finished basement. Central A/C. Convenient access to New York City via NJ Transit (buses/trains). Easy access to Route 7,17, 21, 280 The New Jersey Turnpike/Parkway.

    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
    Kearny
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1427535
    Latitude
    40.7756671

    Comparable in this City

    • $750,000

      Mixed-Use Property with Medical Office

      Mixed-use property featuring a commercial space and a residential unit.
      699 Kearny Ave, Kearny, NJ 07032
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    • $799,000
      9,999 SF

      Mixed-Use Property on Kearny Avenue

      Mixed-use property with commercial space and residential unit in Kearny.
      697 Kearny Ave, Kearny, NJ 07032
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    • $795,000

      Mixed-Use Property with Parking

      Mixed-use property featuring commercial space, apartment, and ample parking.
      770-772 Kearny Ave, Kearny, NJ 07032
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    • $999,000

      Kearny Mixed-Use Building For Sale

      Mixed-use building with restaurant and apartments in prime location.
      307 Kearny Ave, Kearny, NJ 07032
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    • $795,999

      Renovated Multifamily Home in Kearny

      Recently renovated multifamily home with parking in Kearny, New Jersey.
      20 Argyle Pl, Kearny, NJ 07032
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    • $699,000

      Kearny Multifamily Property for Sale

      Multifamily property available in Kearny, New Jersey.
      164 Wilson Ave, Kearny, NJ 07032
      View Details

    Similar Nearby for Sale

    • $750,000

      Mixed-Use Property with Medical Office

      Mixed-use property featuring a commercial space and a residential unit.
      699 Kearny Ave, Kearny, NJ 07032
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    • $799,000
      9,999 SF

      Mixed-Use Property on Kearny Avenue

      Mixed-use property with commercial space and residential unit in Kearny.
      697 Kearny Ave, Kearny, NJ 07032
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    • $795,000

      Mixed-Use Property with Parking

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    • $999,000

      Kearny Mixed-Use Building For Sale

      Mixed-use building with restaurant and apartments in prime location.
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    • $795,999

      Renovated Multifamily Home in Kearny

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    • $699,000

      Kearny Multifamily Property for Sale

      Multifamily property available in Kearny, New Jersey.
      164 Wilson Ave, Kearny, NJ 07032
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    Similar Nearby for Lease

    • $3,300 /Mo

      Kearny Multifamily Property for Rent

      Multifamily property available for rent in Kearny, New Jersey.
      799 Kearney Ave, Kearny, NJ 07032
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    • $3,000 /Mo

      Spacious Kearny Apartment For Rent

      Modern 3-bedroom, 2-bathroom apartment in Kearny, convenient location.
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    • $2,200 /Mo

      Well-Maintained Apartment Near Transportation

      Second-floor apartment with open layout, hardwood floors, and convenient location.
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    • $2,500 /Mo

      Kearny Professional Office Space

      Professional office space in desirable Kearny location for lease.
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    • Contact for pricing
      122,205 SF

      Former Surgical Center For Rent

      19,750 SF former surgical center with four operating rooms.
      206 Bergen Ave, Kearny, NJ 07032
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    • $2,500 /Mo

      Englewood Health Adjacent Office Space

      1800 SF office space ideal for medical or professional practice.
      586 Kearny Ave, Kearny, NJ 07032
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    697 Kearny Ave
    Kearny, NJ 07032
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    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
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