Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1201 Grand St Elizabeth, NJ 07201
    Property profile & analytics

    1201 Grand St Elizabeth, NJ 07201

    View on Map
    • Retail properties & Spaces
    • 5,000 SF
    • 0.45 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Taxwise Services / Tax Preparation
    • Beautiful Lashes & Accessories / Hair Salon / Nail Salon

    Property Details for 1201 Grand St

    Lot size
    0.45 lot acres
    Property size
    5,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional two-story building, totaling 5,000 square feet, presents a unique investment opportunity in the heart of Elizabeth, New Jersey. The property boasts approximately 2,500 square feet of retail space on the ground floor, ideal for a variety of businesses, and an additional 2,500 square feet of executive office space on the second floor, offering a flexible and versatile layout. Located on 0.45 acres at 1201 E Grand St, 07201, this property benefits from a high-traffic location directly across from the Elizabeth Police Department and Elizabeth Municipal Court, ensuring excellent visibility and accessibility. Ample street parking is available along the front and side of the building, as well as on Commerce Boulevard and in a nearby city parking lot. Public transportation, including bus and train services, is within easy walking distance. The surrounding area is vibrant and features a mix of established businesses, including Popeyes, Wells Fargo, Subway, Dollar General, McDonald's, Bank of America, T-Mobile, and Shoppers World, creating a strong retail environment and a diverse customer base. This Net NNN lease property offers a compelling combination of retail and office space, making it an attractive investment for both owner-occupiers and investors seeking a strong return. The building is situated in Union County, offering easy access to major transportation routes and a thriving local economy. This is a rare opportunity to acquire a well-located, versatile commercial property in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.2142
    Latitude
    40.6667

    Comparable in this City

    • Value Estimation by Request
      6,438 SF

      1121 Madison Ave, Unit 1131

      NURSERY, GREENHOUSE, FLORIST • 6,438 SF
      1121 Madison Ave, Elizabeth, NJ 07201-1313
      View Details
    • Value Estimation by Request

      838 Grand St

      Retail properties & Spaces
      838 Grand St, Elizabeth, NJ 07201
      View Details
    • Value Estimation by Request
      1 SF

      1000 Ikea Dr

      Land • 1 SF
      1000 Ikea Dr, Elizabeth, NJ 07201
      View Details
    • Value Estimation by Request
      1,728 SF

      321 Madison Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,728 SF
      321 Madison Ave, Elizabeth, NJ 07201-1490
      View Details
    • Value Estimation by Request
      7,335 SF

      120 International Blvd

      Restaurants • 7,335 SF
      120 International Blvd, Elizabeth, NJ 07201
      View Details
    • Value Estimation by Request
      7,435 SF

      Grand & Division St

      Retail properties & Spaces • 7,435 SF
      0 Grand & Division St, Elizabeth, NJ 07201
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Elizabeth Office Space

      Office space for sale in a desirable downtown location.
      1137 E Jersey St, Elizabeth, NJ 07201
      View Details
    • Contact for pricing
      1,500 SF

      Downtown Elizabeth Mixed-Use Property

      1,500 SF space in downtown Elizabeth near train station.
      233 Broad St, Elizabeth, NJ 07201
      View Details
    • Contact for pricing

      Versatile Mixed-Use Property Near Train

      Mixed-use property with office, recreational space, and redevelopment potential.
      138 Broad St, Elizabeth, NJ 07201
      View Details
    • Contact for pricing

      Former Staffing Agency/House of Worship

      Second-floor space with natural light and high ceilings.
      6 Caldwell Pl, Elizabeth, NJ 07201
      View Details
    • Contact for pricing

      Elizabeth Warehouse with New Office

      10,735 SF warehouse with new office space for sale.
      827-833 Bond St, Elizabeth, NJ 07201
      View Details
    • Contact for pricing

      Mixed-Use Building on Elizabeth Avenue

      Mixed-use building with storefronts and apartments in Elizabeth, NJ.
      1131 Elizabeth Ave, Elizabeth, NJ 07201
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant and Retail Pad Sites

      Restaurant and retail pad sites available for lease.
      1000 Ikea Dr, Elizabeth, NJ 07201
      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
    • Contact for pricing
      2,500 SF

      Mixed-Use Building Near Transportation

      Two-story building with retail and office space near amenities.
      1201 E Grand St, Elizabeth, NJ 07201
      View Details
    • $4,000 /Mo

      Elizabeth Avenue Storefront/Office Space

      High-visibility space in Elizabeth's business district, suitable for retail/office.
      905 Elizabeth Ave, Elizabeth, NJ 07201
      View Details
    • $2,500 /Mo

      Commercial Storefront in Midtown Elizabeth

      Versatile commercial space with high visibility and convenient location.
      944 Elizabeth Ave, Elizabeth, NJ 07201
      View Details
    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.
    1201 Grand St
    Elizabeth, NJ 07201
    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

    Thank You for Inquiry
    1201 Grand St, Elizabeth, NJ, 07201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!