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

    99 Monitor St Jersey City, NJ 07304

    • Retail space
    • 24,668 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0586631
    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

    • Retail space

    Property Details for 99 Monitor St

    Property size
    24,668 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional retail property at 99 Monitor Street in Jersey City, New Jersey offers a unique opportunity for businesses seeking high-visibility space in a thriving urban location. Located in Hudson County, this property boasts a total of 24,668 square feet, divided into four individual suites. Currently, a significant 16,511 square feet is available for lease, providing flexibility for various business needs. Individual suites range from a minimum of 2,309 square feet to a maximum contiguous space of 8,320 square feet, catering to a wide range of tenant requirements. The property's street retail classification ensures high foot traffic and excellent brand exposure. The address, 99 Monitor Street, zip code 07304, provides easy access and visibility within Jersey City's dynamic commercial landscape. This is an ideal location for businesses seeking a prominent presence in a bustling urban environment. The multiple suite configuration allows for diverse tenancy options, making it suitable for both single-occupancy and multi-tenant arrangements. The substantial vacant space presents a rare opportunity to establish a significant presence in this desirable location. Don't miss this chance to secure your ideal retail space in the heart of Jersey City.

    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
    -74.0575218
    Latitude
    40.7123968

    Comparable in this City

    • $2,750 /Mo

      Retail Space in West Bergen

      Blank canvas retail space in booming West Bergen, Jersey City.
      434 WEST Side Ave, Jersey City, NJ 07304
      View Details
    • $3,700 /Mo

      Prime Storefront Office/Retail Space

      Storefront office/retail space in high-traffic Jersey City location.
      137 Monticello Ave, Jersey City, NJ 07304
      View Details
    • $1,800 /Mo

      Journal Square Retail Space Available

      Corner store for rent in Journal Square, approximately 750 sqft.
      176 Monticello Ave, Jersey City, NJ 07304
      View Details
    • $1,800 /Mo

      Retail Space on JFK Boulevard

      Ground-level retail space with high visibility and customizable layout.
      2321 John F Kennedy Blvd, Jersey City, NJ 07304
      View Details
    • $3,500 /Mo

      Journal Square Commercial Opportunity

      Versatile commercial space in a rapidly developing neighborhood.
      169 Monticello Ave, Jersey City, NJ 07304
      View Details
    • $2,000 /Mo
      600 SF

      Adaptable Retail Space Available

      600 sq ft retail space suitable for various businesses.
      315 Forrest St, Jersey City, NJ 07304
      View Details

    Similar Nearby for Sale

    • $1,350,000

      Mixed-Use Property in Journal Square

      Cash-flowing mixed-use asset with high rental income in prime location.
      131 Monticello Ave, Jersey City, NJ 07304
      View Details
    • $1,350,000

      Mixed-Use Investment Property in JC

      Cash-flowing mixed-use asset in a fast-developing Jersey City corridor.
      131 Monticello Ave, Jersey City, NJ 07304
      View Details
    • $140,000

      Mixed-Use Property with Residential and Commercial

      Mixed-use property featuring residential and commercial units.
      673 Bergen Ave, Jersey City, NJ 07304
      View Details
    • $1,200,000

      Mixed-Use Building with Retail Stores

      Mixed-use building with apartments and retail in vibrant Jersey City.
      446 WEST Side Ave, Jersey City, NJ 07304
      View Details
    • New
      $689,999
      2,200 SF

      Mixed-Use Building in Jersey City

      Versatile investment property with commercial space and residential units.
      415 Martin Luther King Jr Dr, Jersey City, NJ 07304
      View Details
    • $1,899,000
      0.26 Acres

      Mixed-Use Corner Property in Greenville

      Renovated mixed-use property with commercial spaces and residential units.
      758 Ocean Ave, Jersey City, NJ 07304
      View Details

    Similar Nearby for Lease

    • $2,750 /Mo

      Retail Space in West Bergen

      Blank canvas retail space in booming West Bergen, Jersey City.
      434 WEST Side Ave, Jersey City, NJ 07304
      View Details
    • $3,700 /Mo

      Prime Storefront Office/Retail Space

      Storefront office/retail space in high-traffic Jersey City location.
      137 Monticello Ave, Jersey City, NJ 07304
      View Details
    • $1,800 /Mo

      Retail Space on JFK Boulevard

      Ground-level retail space with high visibility and customizable layout.
      2321 John F Kennedy Blvd, Jersey City, NJ 07304
      View Details
    • $1,800 /Mo

      Journal Square Retail Space Available

      Corner store for rent in Journal Square, approximately 750 sqft.
      176 Monticello Ave, Jersey City, NJ 07304
      View Details
    • $3,500 /Mo

      Journal Square Commercial Opportunity

      Versatile commercial space in a rapidly developing neighborhood.
      169 Monticello Ave, Jersey City, NJ 07304
      View Details
    • $2,000 /Mo
      600 SF

      Adaptable Retail Space Available

      600 sq ft retail space suitable for various businesses.
      315 Forrest St, Jersey City, NJ 07304
      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.
    99 Monitor St
    Jersey City, NJ 07304
    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.