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    For Sale (8)

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    Turnkey Atlantic City Two-Family
    $650,000

    Turnkey Atlantic City Two-Family

    Two-unit property with strong short-term rental income potential.

    117 Seaside Ave, Atlantic City, NJ 08401
    View details
    Versatile Commercial Property in Corning, IA
    $599,000
    4.10 Acres

    Versatile Commercial Property in Corning, IA

    Commercial property with office, shop, and storage space on 4.1 acres.

    1801 Grove Ave, Corning, IA 50841
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    Development Opportunity in North Caldwell
    $1,150,000
    0.11 Acres

    Development Opportunity in North Caldwell

    Approved 5-unit residential building conversion in desirable Essex County.

    715 Main St, North Caldwell, NJ 07006
    View details
    Union City Multifamily Investment Opportunity
    $850,000
    0.06 Acres

    Union City Multifamily Investment Opportunity

    Well-maintained three-family property with potential in vibrant Union City.

    910 19Th St, Union City, NJ 07087
    View details
    Waterfront Commercial Property in Toms River
    $630,000

    Waterfront Commercial Property in Toms River

    Unique waterfront commercial property with office and medical space.

    751 Fischer Blvd, Toms River, NJ 08753
    View details
    Renovated Mixed-Use Investment Property
    $2,150,000
    0.06 Acres

    Renovated Mixed-Use Investment Property

    Fully leased, renovated mixed-use property with immediate upside potential.

    743 Harrison Ave, Harrison, NJ 07029
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    Newark Duplex with Development Potential
    $650,000

    Newark Duplex with Development Potential

    Two-family home on corner lot near Maplewood and South Orange.

    1080 18Th Ave, Newark, NJ 07106
    View details
    North Caldwell Multifamily Development Opportunity
    $1,150,000
    3,616 SF

    North Caldwell Multifamily Development Opportunity

    Approved 5-unit residential building conversion in desirable North Caldwell.

    715 Main St, Caldwell, NJ 07006
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    For Lease (6)

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    Elizabeth Office/Retail Space Available
    $4,500 / Mo

    Elizabeth Office/Retail Space Available

    Versatile commercial building with parking in high-visibility Elizabeth corridor.

    313 Rahway Ave, Elizabeth, NJ 07202
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    Union City Retail/Office Space
    $1,400 / Mo

    Union City Retail/Office Space

    Retail or office space available in Union City, NJ.

    610 New York Ave, Union City, NJ 07087
    View details
    Prime Corner Commercial Space
    $3,825 / Mo

    Prime Corner Commercial Space

    Corner commercial space in Asbury Park, ready for your business.

    1400 Main St, Asbury Park, NJ 07712
    View details
    Versatile Elizabeth Commercial Building
    $4,500 / Mo

    Versatile Elizabeth Commercial Building

    Three-level professional space with parking in a high-visibility location.

    313 Rahway Ave, Elizabeth, NJ 07202
    View details
    Versatile Commercial Building in Elizabeth
    $4,500 / Mo
    2,460 SF

    Versatile Commercial Building in Elizabeth

    2,724 SF commercial building with parking in high-visibility location.

    313 Rahway Ave, Elizabeth, NJ 07202
    View details
    Union City Retail/Office Space
    $1,600 / Mo

    Union City Retail/Office Space

    Retail or office space for lease in Union City.

    610 New York Ave, Union City, NJ 07087
    View details

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    Liberty Realty
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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
    Liberty Realty
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