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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Office buildings
1102 Elizabeth Ave 1112 Elizabeth, NJ 07201-2413
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2991200
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1926
Total area
20,463 SF
Lot
0.82 ac (35,567 SF)
APN
04 00321-0000-00001
UPID
US59-2991200
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Coronel Supermarket Specialty Food Shop Supermarket
-
Western Union Bank Credit Union
-
Watson Emergency Plumbing Elizabeth Plumbing Service Building Supply
-
punto latino restaurant Restaurant
-
Vigo Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$988k
Blend (final)
Blend
$1.43M
Owner & transaction history
Madali Corp · 4 yrs held
Madali Corp
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Elizabeth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$70 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$67,903
Tax year 2022
Assessed value
$215,000
Assessed 2023
Previous assessed
$215,000
+0.0% YoY
Effective rate
31.58%
On assessed value
Assessed land
$152,100
Assessed improvement
$62,900
Land market value
$152,100
Improvement market value
$62,900
Total market value
$215,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1926
Heating
NONE
Total area
20,463 SF
Lot
0.82 ac (35,567 SF)
APN
04 00321-0000-00001
UPID
US59-2991200
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1926
Heating
NONE
Lot
0.82 ac
Current owner
From public records · entity-resolved
Madali Corp
Entity
Mailing address
604 JEFFREY LN, UNION, NJ 07083-8717
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
—
Madali Corp
Abdalla Ali
Bargain And Sale Deed
$1,100,000 · Habib American Bank
Mar 10, 2004
$890,000
Ali Abdalla
Suarez,pablo H & Daisy
Grant Deed
$710,000 · First Bankamericano
Jul 26, 1989
$800,000
Pablo Suarez
Unknown
Grant Deed
—
—
—
Khodal Maa INC
—
Deed Of Trust
related
—
—
—
Ali Abdalla
—
Deed Of Trust
related
$800,000 · First Bankamericano
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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