Add Listing
    For Sale
    • 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

    616 E Elizabeth Ave Linden, NJ 7036

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $935,000

    Mixed-use property with office, apartment, and warehouse spaces for sale.

    Type:Commercial
    Property size:
    4,260 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $219/SF
    Added:
    Oct 25, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 5 at 9:06 pm

    Property Features for 616 E Elizabeth Ave

    General Information

    Standard status
    Active
    Size
    4,260 SF
    Lot size
    0.10 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    YESENIA ALCIVAR

    Listing agent YESENIA ALCIVAR

    Listing office SIGNATURE REALTY NJ

    Listing date Oct 25, 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 SIGNATURE REALTY NJ

    Overview

    Linden Mixed-Use Investment Opportunity

    This mixed-use property in Linden, NJ, features two buildings comprising a total of four units. The front building includes two separate office spaces and a one-bedroom apartment. The back building contains an office/warehouse space. Each unit has separate utilities. The furnace was replaced in 2019, and the hot water heater was replaced in 2022. The second-floor office was renovated in 2019. All leases are month to month. The property size is 4260 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Linden
    County
    Union
    State
    New Jersey
    Longitude
    -74.2568
    Latitude
    40.6267

    Nearby Similar for Sale

    • $969,900
      3,560 SF

      Versatile Commercial Building in Linden

      Two-unit commercial building suitable for retail, automotive, or industrial uses.
      1220 E Elizabeth Ave, Linden City, NJ 07036-2049
      View Details
    • $69,999
      9,999 SF

      Established Restaurant in Linden, NJ

      Turnkey soul food restaurant with loyal customer base for sale.
      236 S Wood Ave, Linden City, NJ 07036-3123
      View Details
    • $200,000
      1,350 SF

      Turnkey Restaurant Business For Sale

      Established corner-lot restaurant in Linden City, NJ, fully equipped.
      451 N Wood Ave, Linden City, NJ 07036-4144
      View Details
    • $895,000

      Well-Maintained Two-Family Home in Linden

      Two-family home in Linden, ideal for investors or owner-occupants.
      103 W Price St, Linden City, NJ 07036-4398
      View Details
    • $849,000
      2,378 SF

      Renovated Multi-Family Home in Linden

      Completely renovated two-family home with modern amenities and spacious yard.
      620 Jackson Ave, Linden City, NJ 07036-2510
      View Details
    • $175,000
      4,000 SF

      Established Florist Business For Sale

      Turn-key florist business with growth potential in Linden City.
      355 West St Georges Ave, Linden City, NJ 07036-5639
      View Details
    • $449,900
      1,140 SF

      Linden Office Unit For Sale

      Office unit available in Linden, New Jersey.
      348 S Wood Avenue S, Linden, NJ 07036
      View Details
    • $745,000

      Move-In Ready Two-Family Home

      Two-family home with modern finishes, ready for occupancy or investment.
      811 Jackson Ave, Linden City, NJ 07036-2107
      View Details
    • $875,000

      Linden City Multi-Family Property

      Well-maintained four-family property in Linden City, great income opportunity.
      1930 S Wood Ave, Linden City, NJ 07036-3468
      View Details
    • $680,000

      Linden Multi-Family Investment Opportunity

      Two-unit property in Linden with income and living potential.
      21 Main St, Linden City, NJ 07036-3534
      View Details
    • $969,900
      3,560 SF

      Versatile Commercial Building For Sale

      Two-unit commercial building suitable for retail, auto, or industrial uses.
      1220 E Elizabeth Ave, Linden City, NJ 07036
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with office, apartment, and warehouse spaces for sale.
    Where is this mixed-use property located?
    The property is located at 616 E Elizabeth Ave Linden, NJ.
    What is the asking price?
    The asking price for this property is $935,000.
    What are key features of this property?
    This property features: Mixed‑use property featuring 4 units: office spaces, an apartment, and an office/warehouse.; Each unit has separate utilities.; Front building includes 2 office spaces and a 1‑bedroom apartment.
    (973) 921-1111
    We can help!
    Listing Contact
    YESENIA ALCIVAR
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!