Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    808 8th St Union City, NJ 07087-3427
    Back to Search
    Property profile & analytics

    808 8th St, Union City, NJ 07087-3427

    View on Map
    • Industrial properties
    • 7,920 SF
    • 0.26 lot acres
    Off-Market
    Property ID
    US59-1312065
    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
    $1,845,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MAR - Attic Insulation & Roofing Services Co, NJ / Warehouse & Storage
    • RBC international corp / Big Box & Wholesale Store / Cosmetic Store
    • RBC international inc / Big Box & Wholesale Store / Cosmetic Store

    Property Details for 808 8th St

    Year built
    1984
    Construction
    CONCRETE BLOCKS
    Lot size
    0.26 lot acres
    Property type
    Industrial properties
    APN
    10 00043-0000-00032
    APU
    1000043000000032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 25, 2022 — 814 Union City Realty LLC — Deed · related $1M · Mahalaxmi Investment USA LLC
    Jun 15, 2004 $1 814 Union City Realty LLC 814 Kennedy Realty LLC Grant Deed · related —
    Mar 10, 2004 $1 814 Kennedy Realty LLC Thakkar,kishor Grant Deed · related —
    Mar 4, 2002 $550,000 Kishor Thakkar Sozzat INC Grant Deed $500k · Sozzat INC
    — — 814 Union City Realty LLC — Deed Of Trust · related $435k · Citibank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,790,000
      6.5%
      $2,575,000
      7%
      $2,390,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,680,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,020,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,785,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Union City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0438
    Latitude
    40.7593
    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
    2023
    $23,064
    $989,000
    $609,200
    $1,598,200
    -
    $989,000
    $609,200
    $1,598,200

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      509 43rd St, Unit 511

      INDUSTRIAL (GENERAL)
      509 43rd St, Union City, NJ 07087-2677
      View Details
    • Value Estimation by Request
      0.06 Acres

      4215 Bergenline Ave

      INDUSTRIAL (GENERAL)
      4215 Bergenline Ave, Union City, NJ 07087-4923
      View Details
    • Value Estimation by Request
      0.13 Acres

      2901 New York Ave

      INDUSTRIAL (GENERAL)
      2901 New York Ave, Union City, NJ 07087-4610
      View Details
    • Value Estimation by Request
      2,066 SF

      816 21st St

      INDUSTRIAL (GENERAL)
      816 21st St, Union City, NJ 07087-2103
      View Details
    • Value Estimation
      $3,245,000
      23,900 SF

      2900 Kennedy Blvd

      INDUSTRIAL (GENERAL)
      2900 Kennedy Blvd, Union City, NJ 07087-2353
      View Details
    • Value Estimation by Request
      0.06 Acres

      425 13th St

      INDUSTRIAL (GENERAL)
      425 13th St, Union City, NJ 07087-4213
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Warehouse on 114x135 Lot

      Industrial warehouse suitable for storage, operations, or light manufacturing.
      109-111 45Th St, Union City, NJ 07087
      View Details
    • Contact for pricing
      5,000 SF

      Union City Warehouse Opportunity

      15,000 SF warehouse with drive-in loading dock.
      117-119 36Th St, Union City, NJ 07087
      View Details
    • Contact for pricing

      Vacant Industrial Property Opportunity

      Vacant industrial property suitable for various business uses.
      2404 Summit Ave, Union City, NJ 07087
      View Details
    • $2,200,000

      Union City Industrial Warehouse

      Industrial warehouse in Union City, NJ, ideal for various operations.
      109-11 45Th St, Union City, NJ 07087
      View Details
    • $949,900

      High-Visibility Union City Retail Property

      Prime location on Bergenline Avenue, ideal for entrepreneurs.
      3421 Bergenline Ave, Union City, NJ 07087
      View Details

    Similar Nearby for Lease

    • $31,250
      12,500 SF

      Union City Commercial Space Available

      Commercial space available for rent in Union City, New Jersey.
      2607 New York Ave, Union City, NJ 07087
      View Details
    • Contact for pricing

      Remodeled Union City Commercial Space

      Remodeled commercial space suitable for various businesses in Union City.
      326 38Th St, Union City, NJ 07087
      View Details
    • $7,777 /Mo

      Union City Flex Space Available

      7,500 SF flex space on Bergenline Avenue for rent.
      2610 Bergenline Ave, Union City, NJ 07087
      View Details
    • $31,250

      Iconic Firehouse Commercial Space Available

      Versatile 12,500 SF commercial space with unique historical character.
      2607 New York Ave, Union City, NJ 07087
      View Details
    • $5,300 /Mo

      Houdini Studios: Flexible Commercial Space

      Versatile 3,200+ sq ft space in Union City.
      216 19Th St, Union City, NJ 07087
      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.
    808 8th St
    Union City, NJ 07087-3427
    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
    808 8th St, Union City, NJ, 07087
    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!