Mixed-Use Investment Opportunity,
For Sale
$1,100,000
416 S 5Th St, Elizabeth, NJ 07206
Mixed-use property with commercial storefront and two residential units.
Property Size2,613 SF
Price / SF$420.97
Days on Market76
Property Features for 416 S 5Th St
General Information
Standard status
Active
Size
2,613 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,811
Amenities
Central air
1 Unit Cooling
3 Units Heating
Baseboard - Hotwater Heating
Central Air Cooling
Forced Hot Air Heating
Level Lot
On-Street Parking
Rubberized Roof
Building Details
Year Built
1958
Listing Agency:
COLDWELL BANKER LIBERTY
(908) 527-1711
Listed By:
MARIANNA L. PEREIRA
Source:
Corcoran
Added: May 26
Changed: Aug 8
Last Checked: May 27 at 7:24AM
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 COLDWELL BANKER LIBERTY
Investment Insights
Based on property information with market context.
This mixed-use property is located in Elizabeth and offers a commercial storefront on the first floor, along with two residential apartments on the second floor. The residential units include one 2-bedroom unit and one 3-bedroom unit. The commercial space features street-level visibility, making it suitable for professional or retail uses, subject to municipal approvals. The residential units offer rental potential, with practical layouts and living spaces. The property is located with access to local shops, transportation, major roadways, and nearby amenities. The property size is 2613 square feet. It is suitable for investors, owner-users, or buyers looking to combine business and rental income.
Key Highlights
- Mixed‑use property with commercial storefront and two residential units (2‑bedroom and 3‑bedroom).
- Prime location in the heart of Elizabeth with convenient access to shops, transportation, and major roadways.
- Strong rental income potential from the two residential units.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,329
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$886,580
$886.6K
Cap Rate 7%
$633,271
$633.3K
Cap Rate 9%
$492,544
$492.5K
Market Conditions
NOI Build-Up for 2,613 SF
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.
Gross rent
$84.7K $32.40/SF
− Vacancy
−$4.1K −$1.56/SF
EGI
$80.6K $30.84/SF
− OpEx
−$36.3K −$13.88/SF
NOI
$44.3K $16.96/SF
Area
Elizabeth, NJ
Vacancy
4.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$886,580
Cap Rate 7%
$633,271
Cap Rate 9%
$492,544
Alternative Uses
Best Use
Apartment 5plus
$633.3K
$554.1K – $738.8K
NOI $44,329 @ 7.0% cap · market cap 4.03%
Second Best
Retail
$516.4K
$451.9K – $602.5K
NOI $36,150 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$967.8K
$846.9K – $1.13M
NOI $67,749 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,750
Businesses Nearby
Explore this area
Business Placement
Demographics for 07206, NJ
30,982
Population
9,712
Households
3.2
Avg Household Size
31
Median Age
8%
College-Educated
64%
High-School Grad
1.8 sq mi
ZIP Area
17,212
Density / Sq Mi
$60,992
Median Household Income
$38,541
Median Earnings
$1,543
Median Rent
$339,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial storefront and two residential units.
Where is this mixed-use property located?
The property is located at 416 S 5Th St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Mixed‑use property with commercial storefront and two residential units (2‑bedroom and 3‑bedroom).; Prime location in the heart of Elizabeth with convenient access to shops, transportation, and major roadways.; Strong rental income potential from the two residential units.
