Add Listing
    Brokers
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    (973) 994-9009
    Web Site
    Size: under 10 agents

    Agents

    Service Locations

    Property Types

    • Residential Multi Family
    • Commercial Sale
    • Commercial Lease
    • Land

    Listings

    For Sale (13)

    View map
    Mixed-Use Corner Property For Sale
    $1,099,000
    5,000 SF

    Mixed-Use Corner Property For Sale

    Fully rented mixed-use corner property available in Elizabeth City.

    400 E Jersey St, Elizabeth, NJ 07206
    View details
    Professional Office Condos For Sale
    $622,500
    15,600 SF

    Professional Office Condos For Sale

    Prime location, versatile layout, ideal for various professional uses.

    230 Route 206, Flanders, NJ 07836
    View details
    Paterson City Religious Facility For Sale
    $2,250,000
    14,985 SF

    Paterson City Religious Facility For Sale

    Religious facility with house and parking on 0.40 acres.

    221 Spring St, Paterson, NJ 07503
    View details
    Avenel Retail Investment Opportunity
    $1,800,000
    2,500 SF

    Avenel Retail Investment Opportunity

    2,500 SF storefront in Avenel's retail corridor.

    1076 Saint Georges Ave, Avenel, NJ 07001
    View details
    Mixed-Use Building in Westfield Town
    $2,200,000
    9,122 SF

    Mixed-Use Building in Westfield Town

    Mixed-use property with residential and commercial units in Westfield.

    1030 South Ave, Westfield, NJ 07090
    View details
    Religious Facility with Parking Lots
    $2,250,000
    0.40 Acres

    Religious Facility with Parking Lots

    Religious facility, house, and parking lots on 0.40 acres.

    221 Spring St, Paterson, NJ 07503
    View details
    Prime Retail Corner with Drive-Thru
    $1,800,000
    2,500 SF

    Prime Retail Corner with Drive-Thru

    Single-tenant storefront with drive-thru potential in a bustling retail corridor.

    1076 Saint Georges Ave, Avenel, NJ 07001
    View details
    Bayonne City Commercial Opportunity
    $1,950,000
    12,750 SF

    Bayonne City Commercial Opportunity

    Commercial property near transportation with redevelopment potential in Bayonne City.

    757 Avenue C, Bayonne, NJ 07002
    View details
    Mixed-Use Building Near EWR
    $599,000
    1,800 SF

    Mixed-Use Building Near EWR

    Mixed-use property featuring light industrial space and residential unit.

    116 Wright St, Newark, NJ 07114
    View details
    Religious Facility with Detached House
    $2,250,000

    Religious Facility with Detached House

    Religious facility, house, and parking lots on 0.40 acres.

    221 Spring St, Paterson, NJ 07503
    View details
    Historic Church and Adjacent House
    $1,950,000
    12,750 SF

    Historic Church and Adjacent House

    Located near public transit, featuring a church and adjacent house.

    757 Avenue C, Bayonne, NJ 07002
    View details
    Mixed-Use Corner Property For Sale
    $1,199,000

    Mixed-Use Corner Property For Sale

    Fully rented 6-unit mixed-use corner property with stores and apartments.

    400 E Jersey St, Elizabeth, NJ 07206
    View details
    Westfield Mixed-Use Investment Opportunity
    $2,500,000
    9,122 SF

    Westfield Mixed-Use Investment Opportunity

    Mixed-use building with residential and commercial units in prime location.

    1030 South Ave, Westfield, NJ 07090
    View details

    For Lease (1)

    View map
    New Private Office Space Available
    $599 / Mo
    15,000 SF

    New Private Office Space Available

    Ground floor office with new amenities, easy highway access.

    230 Route206Cd04, Flanders, NJ 07836
    View details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

    View other agents
    in the same area
    Request Owner's contact information
    Elite Realtors of New Jersey
    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.
    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
    Elite Realtors of New Jersey
    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
    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!