Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Irving St Rahway, NJ 07065
    Back to Search
    Property profile & analytics

    Irving St Rahway, NJ 07065

    View on Map
    • Investment properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for Irving St

    Property type
    Investment properties

    Description

    This exceptional business opportunity encompasses a thriving restaurant and a valuable liquor license in the heart of Rahway, NJ. Situated directly across from a train station and bus stops serving the bustling Northeast Corridor and Jersey Coast Lines, this location boasts unparalleled accessibility and high visibility. The restaurant itself is a beautifully appointed three-story establishment featuring two full-size dining rooms, two bars, and outdoor seating, creating a versatile space for diverse events. The interior design is captivating, showcasing exposed brick, distressed wood, and warm lighting to cultivate an inviting atmosphere. The current culinary focus is modern American gourmet comfort food, attracting a loyal clientele with its exceptional quality. The diverse offerings include intimate dinners, live music events, brunch service, and wine/whisky tastings, catering to a wide range of preferences. The sale includes all kitchen equipment and a liquor license, with an estimated value exceeding $270,000. The property's proximity to numerous luxury apartment buildings ensures a substantial and readily available customer base within walking distance. This turnkey operation presents a rare chance to acquire a well-established, profitable business with significant growth potential in a prime location. The sale is for the business and liquor license only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rahway
    County
    Union
    State
    New Jersey
    Longitude
    -74.2762
    Latitude
    40.6058

    Comparable in this City

    • Value Estimation
      $810,000
      4,620 SF

      39 Main St, Unit 45

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,620 SF
      39 Main St, Rahway, NJ 07065-4039
      View Details
    • Value Estimation
      $510,000
      4.55 Acres

      900 Leesville Ave

      INDUSTRIAL (GENERAL) • 4.55 Acres
      900 Leesville Ave, Rahway, NJ 07065-4828
      View Details
    • Value Estimation by Request
      0.45 Acres

      90 Milton Ave

      COMMERCIAL (GENERAL) • 0.45 Acres
      90 Milton Ave, Rahway, NJ 07065-3247
      View Details
    • Value Estimation by Request
      3.66 Acres

      870 Saint Georges Ave, Unit 90

      COMMERCIAL (GENERAL) • 3.66 Acres
      870 Saint Georges Ave, Rahway, NJ 07065-2659
      View Details
    • Value Estimation
      $590,000
      37.00 Acres

      Scott Ave

      INDUSTRIAL (GENERAL) • 37.00 Acres
      Scott Ave, Rahway, NJ 07065
      View Details
    • Value Estimation by Request
      2,898 SF

      1586 Irving St

      COMMERCIAL (GENERAL) • 2,898 SF
      1586 Irving St, Rahway, NJ 07065-4292
      View Details

    Similar Nearby for Sale

    • $859,000
      Pending

      Rahway Triplex Investment Opportunity

      Tenant-occupied triplex with solid rental income near Rahway NJ Transit.
      1751 Oliver St, Rahway, NJ 07065
      View Details
    • $859,000
      Pending

      Tenant-Occupied Triplex Investment Opportunity

      Tenant-occupied triplex with solid rental income near transit.
      1751 Oliver St, Rahway, NJ 07065
      View Details
    • $699,900
      0.10 Acres

      Rahway City Two-Family Home

      Two-family home in Rahway City with expansion potential.
      196 E Grand Ave, Rahway, NJ 07065
      View Details
    • $859,999
      0.36 Acres

      Rahway Commercial Land For Sale

      High-visibility corner lot suitable for mixed-use or retail development.
      735 E Hazelwood Ave, Rahway, NJ 07065
      View Details
    • $540,000

      Rahway Two-Family Home For Sale

      Two-unit property in Rahway, ideal for owner-occupants or investors.
      1694 Rutherford St, Rahway, NJ 07065
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,384 SF

      Retail Space in Downtown Rahway

      Retail space with venting in transit-oriented downtown Rahway.
      81 Monroe St, Rahway, NJ 07065
      View Details
    • Contact for pricing

      Freestanding Retail Building with Drive-Thru

      Freestanding retail building with drive-thru on high-traffic US Route 1.
      1714 Us Highway 1, Rahway, NJ 07065
      View Details
    • $12 SF/Yr

      Unique Apartment Near Downtown Rahway

      Two-bedroom, two-bathroom apartment near downtown Rahway and transportation.
      763 W Grand Ave, Rahway, NJ 07065
      View Details
    • $975 /Mo
      13,068 SF

      Office Space in Rahway Mall

      Office space for rent in the heart of Rahway.
      75 E Cherry St. -, Rahway, NJ 07065
      View Details
    • Contact for pricing
      981 SF

      Retail Spaces Available for Lease

      Multiple retail units available in Rahway, New Jersey.
      88-160 Lincoln Hwy, Rahway, NJ 07065
      View Details
    • Contact for pricing
      6,824 SF

      Rahway Office Space For Rent

      6,824 SF office space available at 2 City Hall Plaza.
      2 City Hall Plz, Rahway, NJ 07065
      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.
    Irving St
    Rahway, NJ 07065
    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
    Irving St, Rahway, NJ, 07065
    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!