Property profile

229 3rd St Elizabeth, NJ 07206

OFF-MARKET
Commercial real estate
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Property ID
US59-2174809
2,163 SF 0.06 ac Built 1900
Last sale Sep 2024·$550,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value · 2024$529k
Assessed land$225k
Assessed improvement$304k
Effective rate1.14%

Value estimate

· Nov 2026
$550k
$495k – $605k
AI approach$550k
CAP approach$460k
Submarket $/SF estimate$570k

Realmo valuation models over county records and 79 qualifying comparable sales.

Recently sold

What actually traded nearby?
$183/SF
ZIP average, outlier-cleaned · 58 recorded sales of this use type
Observed band · Q1–Q3$132 – $263
Qualifying comparables79

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.8
Law Firm12.2
Dental Office10.2

Location

229 3rd St Elizabeth, NJ 07206-1957
County assessor Recorded deeds · 10 transfers 79 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
151 3rd, Elizabeth, NJ 07206-1863 $668,000 Mar 2025 2,550 SF
658 Elizabeth, Elizabeth, NJ 07206-2729 $1,825,000 Jan 2025 2,580 SF
106 Jersey, Elizabeth, NJ 07206-1707 $280,000 Mar 2024 2,500 SF
321-325 Elizabeth, Elizabeth, NJ 07206-1635 $550,000 Feb 2024 2,176 SF
183 3rd, Elizabeth, NJ 07206-1902 $400,000 Jan 2024 2,193 SF
235 2nd, Elizabeth, NJ 07206-2056 $335,000 Nov 2023 2,380 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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