231 Jefferson Ave Elizabeth, NJ 07201
Commercial garage with high visibility, expansive parking, and updated exterior.
Property Features for 231 Jefferson Ave
General Information
- Standard status
- Active
- Size
- 1,250 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing office KYM REALTY GROUP LLC (908) 991-3912
Listing date Dec 16, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KYM REALTY GROUP LLC
Investment Insights
Based on property information with market context.
Key Highlights
- High‑visibility corner lot location
- Expansive parking lot with space for 20+ vehicles
- Features 16‑ft ceilings
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $21.60 |
| − Vacancy | −$2.3k | −$1.84 |
| EGI | $24.7k | $19.76 |
| − OpEx | −$7.4k | −$5.93 |
| NOI | $17.3k | $13.83 |
Alternative Uses
Property Analytics
Current Use by Public Records
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