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    Renovated Commercial Space on Elizabeth Avenue Title is generated by Realmo AI

    720 E Elizabeth Ave, Linden, NJ 07036

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    For Lease
    $12,500/Mo $24 SF/Yr (calc)

    Commercial - Linden City, NJ

    Property size:
    6,130 SF
    Lot size:
    0.20 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    39
    Last Refresh:
    May 22 at 3:06 pm

    Property Features for 720 E Elizabeth Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Light Industr
    Parking
    4
    Standard status
    Active
    Size
    6,130 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    15791

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1957
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete, Tile
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    YOLANDA MENDEZ

    Listing agent YOLANDA MENDEZ

    Listing office KELLER WILLIAMS REALTY 1 ELM STREET, Westfield, NJ

    Listing date Apr 14, 2026

    MLS# 4021266 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location on busy Elizabeth Avenue
    • Fully renovated, versatile space of approximately 6,130 sq ft
    • Storefront/showroom area combined with spacious warehouse
    • Bay door for easy loading and unloading
    • On‑site parking for up to four vehicles
    • Close proximity to major highways and NJ Transit

    Overview

    This renovated commercial space, situated on Elizabeth Avenue in Linden City, New Jersey, offers approximately 6,130 square feet. The property features a storefront/showroom area suitable for retail or client-facing business operations, along with a spacious warehouse designed for storage, distribution, or light industrial use. The storefront includes a modern kitchen, bath, and utility room that can be finished as a private office. The warehouse has a bay door for loading and unloading. The layout allows for a combination of retail/showroom presence with functional warehouse space. An additional bathroom is also included. On-site parking is available for up to four vehicles. The property benefits from a strong street presence with high daily traffic and proximity to major highways and NJ Transit, providing access for customers and employees. It is suitable for uses including contractor, distribution, showroom, light manufacturing, or service-based businesses. The property is vacant and available for immediate occupancy. The lot size is 0.2 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    • Time Savor Chef — 112 W Elizabeth Ave, Linden, NJ 07036
    • Weiss Brothers Catering — 543 Pennsylvania Ave, Linden, NJ 07036

    Location Insight

    • Map
    • Local Demand
    City
    Linden
    County
    Union
    State
    New Jersey
    Longitude
    -74.2453564
    Latitude
    40.6371541

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    FAQs

    What type of property is this?
    Flex space - Versatile, renovated 6,130 sq ft commercial space in Linden City.
    Where is this flex space located?
    The property is located at 720 E Elizabeth Ave Linden, NJ.
    What is the lease rate?
    The lease rate is $12,500 /Mo.
    What are key features of this property?
    This property features: High‑visibility location on busy Elizabeth Avenue; Fully renovated, versatile space of approximately 6,130 sq ft; **Storefront/showroom area combined with spacious warehouse**
    (908) 233-8502
    We can help!
    Listing Contact
    YOLANDA MENDEZ
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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.

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    720 E Elizabeth Ave, Linden City, NJ 07036-2690
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