Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    919-931 Elmora Ave Elizabeth, NJ 07202

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    8 Suites Available, 445-4000 SF

    Lot size:
    7,500 SF

    Property Features for 919-931 Elmora Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,500 SF

    Spaces For Lease

    at 919-931 Elmora Ave, Elizabeth, NJ 07202 Contact us

    We can help!

    Listing Contact
    Anthony Nataline
    Anthony Nataline

    Listing Agent: Anthony Nataline

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail property, located at 919-931 S Elmora Ave in Union County, offers a unique opportunity for multiple businesses to thrive. The building boasts a total of 7,500 square feet, with eight individual spaces currently available for lease. Each space offers flexibility, with a minimum divisible size of 445 square feet and a maximum contiguous space of 4,000 square feet. This allows for businesses of various sizes to find the perfect fit. The property's prime location on Elmora Avenue ensures high visibility and accessibility for customers. With a significant amount of vacant space totaling 11,005 square feet, this presents a substantial opportunity for immediate occupancy. The property is classified as a multi-tenant retail building, providing a diverse and vibrant environment for businesses. The building's layout is designed to accommodate a variety of retail concepts, making it an ideal location for both established businesses and new ventures. This is a rare chance to secure retail space in a desirable Union County location with ample space to suit diverse business needs. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.222014
    Latitude
    40.651603

    Nearby Similar for Lease

    • $2,900 /Mo

      Prime Storefront in Elizabeth City

      High-traffic location ideal for retail or office use.
      280 Morris Ave, Elizabeth, NJ 07208
      View Details
    • $2,800 /Mo
      5,227 SF

      Versatile Commercial Space For Rent

      Open-concept commercial space suitable for retail, office, or service businesses.
      551 Westminster Ave, Elizabeth, NJ 07208
      View Details
    • $4,000 /Mo
      2,614 SF

      Elizabeth Avenue Storefront For Rent

      High-visibility retail or office space in Elizabeth's business district.
      905 Elizabeth Ave, Elizabeth, NJ 07201
      View Details
    • $5,880 /Mo

      Updated Office Space Near Station

      Spacious, updated office suite near Elizabeth Train Station.
      70 west Grand St, Elizabeth, NJ 07202
      View Details
    • $500 /Mo
      9,148 SF

      Office Space in Downtown Elizabeth

      Office space for rent in a desirable downtown Elizabeth location.
      1137 E Jersey St, Elizabeth, NJ 07201
      View Details
    • $25 SF/Yr
      21,816 SF

      Medical/Office Building For Lease

      Four-story medical/office building in established neighborhood near Trinitas Regional Medical Center.
      228-230 West Jersey St, Elizabeth, NJ 07202
      View Details
    • $25 SF/Yr
      617 SF

      Medical Office Space Available

      Updated medical office space near Trinitas Regional Medical Center.
      228 W Jersey St, Elizabeth, NJ 07202
      View Details
    • $1,200 /Mo

      Medical/Office Space Available

      Office space suitable for medical or general use.
      286 Morris Ave, Elizabeth, NJ 07208
      View Details
    • $1,900 /Mo

      Renovated Office Space in Elizabeth

      Renovated office space with reception, waiting room, and private rooms.
      546 Elizabeth Ave, Elizabeth, NJ 07206
      View Details
    • Contact for pricing
      1,348 SF

      Office Space in Elizabeth, NJ

      Office spaces available for lease in Elizabeth, New Jersey.
      1201 Corbin St, Elizabeth, NJ 07201
      View Details
    • $16 SF/Yr
      50,000 SF

      Industrial Space with Office Component

      50,000 SF industrial space with office in Elizabeth, NJ.
      670-708 Dowd Ave, Elizabeth, NJ 07201
      View Details
    • $13 SF/Yr
      80,000 SF

      Elizabeth Industrial Hub Warehouse Space

      80,000 SF warehouse in Elizabeth's industrial hub, near major transport.
      77 South 1St St, Elizabeth, NJ 07206
      View Details

    FAQs

    What type of property is this?
    Retail property - 8 Suites Available, 445-4000 SF
    Where is this retail property located?
    The property is located at 919-931 Elmora Ave Elizabeth, NJ.
    What are key features of this property?
    This property features: Retail property totaling 7,500 square feet.; Multi-tenant building with 8 available spaces.; Spaces range from 445 to 4,000 contiguous square feet.
    (908) 668-9600 Call to check price and availability
    Request Owner's contact information
    919-931 Elmora Ave Elizabeth, NJ 07202
    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.
    919-931 Elmora Ave
    Elizabeth, NJ 07202
    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
    919-931 Elmora Ave Elizabeth, NJ 07202
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Anthony Nataline
    Anthony Nataline
    Real Estate License ID: 0789114
    (908) 668-9600 (908) 294-7417
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!