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

    991 Broadway Bayonne, NJ 07002

    • Commercial real estate
    • 2,846 SF
    • 0.06 lot acres
    For Sale
    View listing
    $50,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2964407
    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 991 Broadway

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.06 lot acres
    Property size
    2,846 SF
    Property type
    Commercial real estate
    APN
    01 00064-0000-00022
    APU
    100064000000022

    Description

    This exceptional commercial property, located at 991 BROADWAY in Bayonne, New Jersey, presents a compelling investment opportunity at an attractive price point of $130,000. The property is classified as "Other," offering significant potential for a variety of uses depending on the buyer's vision and local zoning regulations. Situated in Bayonne, NJ, this property benefits from its strategic location within a vibrant and growing community. While the square footage is not currently specified, the property's relatively low price suggests a potential for significant return on investment, particularly for buyers seeking a redevelopment or renovation project. The absence of acreage information indicates the property is likely a smaller lot, suitable for a range of commercial ventures. Further due diligence is recommended to ascertain the precise zoning regulations and potential development opportunities. This property is being offered as-is, and interested parties are encouraged to conduct thorough inspections and assessments to fully understand the property's condition and potential. Given its location and price, this property represents a rare chance to acquire a commercial asset in a desirable New Jersey market. Serious inquiries are welcome.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $370,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $785,000
      6.5%
      $720,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $388,000
      Market price range: $233k - $507k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $790,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bayonne
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1035
    Latitude
    40.6819
    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
    $12,078
    $240,000
    $218,700
    $458,700
    -
    $240,000
    $218,700
    $458,700

    Comparable in this City

    • Value Estimation by Request
      1 SF

      1 Flagship St

      Multifamily properties • 1 SF
      1 Flagship St, Bayonne, NJ 07002
      View Details
    • Value Estimation by Request
      0.23 Acres

      949 Broadway, Unit 955

      COMMERCIAL (GENERAL) • 0.23 Acres
      949 Broadway, Bayonne, NJ 07002-4018
      View Details
    • Value Estimation by Request
      0.82 Acres

      17 Evergreen St, Unit 29

      COMMERCIAL (GENERAL) • 0.82 Acres
      17 Evergreen St, Bayonne, NJ 07002-4330
      View Details
    • Value Estimation by Request

      240 Kennedy Blvd

      COMMERCIAL (GENERAL)
      240 Kennedy Blvd, Bayonne, NJ 07002
      View Details
    • Value Estimation by Request

      1225 Kennedy Blvd

      COMMERCIAL (GENERAL)
      1225 Kennedy Blvd, Bayonne, NJ 07002-2243
      View Details
    • Value Estimation by Request
      9.00 Acres

      101 Lefante Way, Unit 129

      COMMERCIAL (GENERAL) • 9.00 Acres
      101 Lefante Way, Bayonne, NJ 07002-5022
      View Details

    Similar Nearby for Sale

    • $649,000

      Versatile Bayonne Multifamily Opportunity

      Two-family home with potential for residential or medical use.
      10 WEST 46Th St, Bayonne, NJ 07002
      View Details
    • $3,999,000

      Restored Mixed-Use Elevator Building

      Mixed-use building with residential lofts, office unit, and storage.
      9 EAST 18Th St, Bayonne, NJ 07002
      View Details
    • $679,000

      Well-Maintained Two-Family Bayonne Home

      Charming two-family home in desirable Bayonne neighborhood with modern interiors.
      154 WEST 29Th St, Bayonne, NJ 07002
      View Details
    • $679,000

      Bayonne Two-Family Home Opportunity

      Two-family home in Bayonne near Route 440 and amenities.
      342 Avenue E, Bayonne, NJ 07002
      View Details
    • $975,000

      Bayonne Colonial Multi-Family Home

      Desirable multi-family home in Bayonne near parks, transportation, shops.
      124 WEST 14Th St, Bayonne, NJ 07002
      View Details
    • $3,500,000

      Versatile Commercial Property in Bayonne

      5,000 sq ft property in high-traffic area, ideal for investment.
      430-432 Broadway, Bayonne, NJ 07002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,860 SF

      Bayonne Retail Space For Lease

      Prime Bayonne retail space, 1860 sq ft.
      449 Broadway, Bayonne, NJ 07002
      View Details
    • Contact for pricing

      New Class A Industrial Facility

      Class A industrial facility suitable for warehouse and distribution purposes.
      69 Lefante Way, Bayonne, NJ 07002
      View Details
    • Contact for pricing
      7,000 SF

      Bayonne Office Space Available

      7,000 square foot office space for rent in Bayonne.
      688 Broadway, Bayonne, NJ 07002
      View Details
    • $2,400 /Mo

      Renovated Apartment with Utilities Included

      Renovated 3-bedroom apartment with included utilities, near transportation.
      103 Kennedy Blvd, Bayonne, NJ 07002
      View Details
    • $2,400 /Mo

      Three Bedroom Apartment For Rent

      Three-bedroom apartment near transportation and amenities.
      358 Avenue, Bayonne, NJ 07002
      View Details
    • $2,200 /Mo

      Bayonne Duplex with New Kitchen

      Sundrenched 3-bedroom duplex with new kitchen and parking.
      6 Kelly Pkwy, Bayonne, NJ 07002
      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.
    991 Broadway
    Bayonne, NJ 07002
    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.