Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1006 Elizabeth Ave Linden, NJ 07036-2230

    • Commercial real estate
    • 2,946 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Sep 13, 2023
    $605,000
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    6.9%
    Commercial real estate
    Location Intelligence
    Property ID
    US59-0761504
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1006 Elizabeth Ave

    Year built
    1956
    Construction
    CONCRETE BLOCKS
    Lot size
    0.09 lot acres
    Property size
    2,946 SF
    Property type
    Commercial real estate
    APN
    09 00102-0000-00012
    APU
    900102000000012

    Description

    This exceptional 4,000-square-foot commercial building in Linden, NJ, presents a unique investment opportunity. Situated on a 0.1-acre lot at 1006 E ELIZABETH AVE Unit 1006, this newly renovated free-standing concrete structure offers unparalleled versatility. The property features two 2,000-square-foot units, each with its own drive-in bay door, providing convenient access for vehicles and equipment. The high ceilings, measuring 16 feet, easily accommodate vehicles of all sizes. Two gated parking spaces enhance customer and employee convenience. Previously used as a multi-faceted automotive business (mechanic shop, body shop, detailing, and wrapping), this property is perfectly suited for similar ventures. The complete renovation extends to all aspects, including a refreshed exterior with new sidewalks, driveway, gates, and bay doors. Currently vacant, this turnkey property is ready for immediate occupancy. The dual-unit configuration allows for owner-occupancy of one unit while generating rental income from the other, maximizing return on investment. Its location in a high-traffic area ensures excellent visibility and accessibility, making it an ideal choice for businesses seeking a thriving commercial environment. The asking price is $1,150,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $560,000
      ML approach
      $560,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $650,000
      6.5%
      $600,000
      7%
      $555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $559,000
      Market price range: $453k - $980k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $655,000
      Current use
      OFFICE BUILDING
      $600,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Linden
    County
    Union
    State
    New Jersey
    Longitude
    -74.2422
    Latitude
    40.64
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,500
    $48,000
    $89,400
    $137,400
    -
    $48,000
    $89,400
    $137,400

    Comparable in this City

    • Value Estimation by Request
      10.67 Acres

      701 Edgar Rd, Unit 799

      COMMERCIAL (GENERAL) • 10.67 Acres
      701 Edgar Rd, Linden, NJ 07036-3248
      View Details
    • Value Estimation by Request
      0.23 Acres

      633 Morningside Ave

      COMMERCIAL (GENERAL) • 0.23 Acres
      633 Morningside Ave, Linden, NJ 07036
      View Details
    • Value Estimation by Request
      0.12 Acres

      16 Price St

      COMMERCIAL (GENERAL) • 0.12 Acres
      16 Price St, Linden, NJ 07036-4447
      View Details
    • Value Estimation
      $22,960,000
      106,892 SF

      1051 Edward St

      COMMERCIAL (GENERAL) • 106,892 SF
      1051 Edward St, Linden, NJ 07036-6408
      View Details
    • Value Estimation by Request

      Lowe Rd

      COMMERCIAL (GENERAL)
      Lowe Rd, Linden, NJ 07036
      View Details
    • Value Estimation by Request

      401 Commerce Rd

      COMMERCIAL (GENERAL)
      401 Commerce Rd, Linden, NJ 07036-2428
      View Details

    Similar Nearby for Sale

    • $389,000
      0.10 Acres

      Linden House of Worship - Huge Potential

      Spacious building, great location, needs TLC.
      900 Baltimore Ave, Linden, NJ 07036
      View Details
    • $119,900
      2,055 SF

      Linden Commercial Land Opportunity

      Prime Linden location, 2,055 SF building, $119,900
      1150 Saint Georges Ave, Linden, NJ 07036
      View Details
    • $550,000

      Multifamily Property for Sale

      Multifamily property available for purchase.
      510 E Blancke St, Linden, NJ 07036
      View Details
    • $800,000
      6,000 SF

      Mixed-Use Property With Commercial Space

      Mixed-use property featuring apartments and commercial space in Linden City.
      611 E Elizabeth Ave, Linden, NJ 07036
      View Details
    • $609,000

      Multifamily Property for Sale

      Multifamily property available for purchase.
      2408 E Edgar Rd, Linden, NJ 07036
      View Details
    • $275,000

      Buildable Lot in Linden Neighborhood

      Buildable 45 x 100 ft lot zoned for single-family home.
      119 Grant St, Linden, NJ 07036
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      118,259 SF

      Linden, NJ Warehouse - 118,259 SF

      Massive industrial warehouse, ideal for distribution.
      525 Linden Ave, Linden, NJ 07036
      View Details
    • $2,000 /Mo

      Residential Income Property For Rent

      Multifamily property available for rent in Linden City.
      111 Bower St, Linden, NJ 07036
      View Details
    • $2,200 /Mo

      Renovated Apartment with Hardwood Floors

      Recently renovated 2-bedroom apartment in a residential area.
      1156 Passaic Ave, Linden, NJ 07036
      View Details
    • Contact for pricing
      25,000 SF

      Warehouse with Office Space

      25,000 SF warehouse with 1,000 SF office space.
      801 E Linden Ave, Linden, NJ 07036
      View Details
    • $2,950 /Mo

      Spacious Updated Unit with Attic

      Updated 4-bedroom unit near shopping, trains, and highways.
      1410 Hussa St, Linden, NJ 07036
      View Details
    • $2,400 /Mo

      Second-Floor Apartment Near Linden Station

      Two-bedroom apartment near Linden Train Station with modern amenities.
      310 W Price St, Linden, NJ 07036
      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.
    1006 Elizabeth Ave
    Linden, NJ 07036-2230
    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

    Google sign-in failed. Please try again or use another login method.