Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    111 2nd Ave, Unit 117 Roselle, NJ 07203-1205
    Back to Search
    Property profile & analytics

    111 2nd Ave, Unit 117, Roselle, NJ 07203-1205

    View on Map
    • Commercial real estate
    • 238,000 SF
    • 0.07 lot acres
    Off-Market
    Last Sale Jul 5, 2022
    $1,200,000
    Property ID
    US59-1782095
    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.
    Value Estimations
    $1,465,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Daniel Costanzo / Specialty Food Shop / Fish Market
    • Sacred Wellness & Beauty / Physician / Alternative Medicine Practice
    • Alman Liquors / Specialty Food Shop / Wine and Liquor Store
    • Tammy Holmes / Physician
    • Roselle Seafood / Specialty Food Shop / Fish Market

    Property Details for 111 2nd Ave

    Year built
    1935
    Construction
    BRICK
    Lot size
    0.07 lot acres
    Zone code
    CB
    Property type
    Commercial real estate
    APN
    14 03901-0000-00012
    APU
    1403901000000012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 5, 2022 $1,200,000 Sabra Roselle LLC Roselle West Second LLC Bargain And Sale Deed $780k · Crown Bank
    Feb 11, 2020 $785,000 Roselle West Second LLC Mb Properties Nj 8 LLC Deed $628k · Magyar Bank
    Feb 4, 2013 $100 Mb Properties Nj I LLC Sheriff Of County Of Union Trustees Deed · related —
    Jul 27, 2009 — Gca Properties LLC George C Allen Bargain And Sale Deed —
    Mar 5, 2007 — George C Allen — Trustees Deed · related $100k · Herman Schulman
    Dec 29, 2005 — George C Allen — Trustees Deed · related $100k · Herman Schulman
    — — George C Allen — Deed Of Trust · related $288k · Commerce Bank Shore NA
    — — George C Allen JR. — Deed Of Trust · related $202k · Magyar Savings Bank
    — — George Allen JR. — Deed Of Trust · related $1.2M · Magyar Savings Bank
    — — George C Allen — Deed Of Trust · related $25k · Commerce Bank Shore NA
    — — George C Allen — Deed Of Trust · related $100k · Commerce Bank NA
    — — George C Allen — Deed Of Trust · related $243k · Commerce Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,450,000
      ML approach
      $2,005,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Roselle
    County
    Union
    State
    New Jersey
    Longitude
    -74.2639
    Latitude
    40.6586
    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
    $33,179
    $47,800
    $340,900
    $388,700
    -
    $47,800
    $340,900
    $388,700

    Comparable in this City

    • Value Estimation by Request
      2.48 Acres

      564 Raritan Rd, Unit 586

      COMMERCIAL (GENERAL)
      564 Raritan Rd, Roselle, NJ 07203-2446
      View Details
    • Value Estimation by Request
      2.09 Acres

      1235 Saint George Ave

      COMMERCIAL (GENERAL)
      1235 Saint George Ave, Roselle, NJ 07203-2805
      View Details
    • Value Estimation by Request
      0.17 Acres

      415 1st Ave

      COMMERCIAL (GENERAL)
      415 1st Ave, Roselle, NJ 07203-1360
      View Details
    • Value Estimation
      $1,025,000
      6,378 SF

      114 1st Ave

      COMMERCIAL (GENERAL)
      114 1st Ave, Roselle, NJ 07203-1204
      View Details
    • Value Estimation by Request
      1,907 SF

      605 1st Ave

      COMMERCIAL (GENERAL)
      605 1st Ave, Roselle, NJ 07203-1004
      View Details
    • Value Estimation
      $670,000
      0.06 Acres

      522 2nd Ave

      COMMERCIAL (GENERAL)
      522 2nd Ave, Roselle, NJ 07203-1487
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Roselle Apartment Building For Sale

      35-unit apartment building in Roselle, NJ with tax PILOT.
      533 East 2Nd Ave, Roselle, NJ 07203
      View Details
    • Contact for pricing
      2,604 SF

      Mixed-Use Property with Residential Income

      Three-unit property with commercial and residential income in a strong market.
      301 E 9Th Ave, Roselle, NJ 07203
      View Details
    • Contact for pricing

      Roselle Multifamily Property for Sale

      Multifamily property available in Roselle, New Jersey.
      221 East 2Nd Ave, Roselle, NJ 07203
      View Details
    • Contact for pricing

      Established Farmers' Market For Sale

      Well-established farmers' market with high sales volume and growth potential.
      711 1St Ave, Roselle, NJ 07203
      View Details
    • $959,000
      2,911 SF

      Roselle Boro Duplex For Sale

      Multi-Family duplex in Roselle Boro, New Jersey.
      221 E 2Nd Ave, Roselle, NJ 07203
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo

      Clean Apartment Near Transportation

      Two-bedroom apartment with large kitchen, near train and highways.
      216 E 9Th Ave, Roselle, NJ 07203
      View Details
    • $2,500 /Mo

      Modern 2BR, 2BA Apartment

      Open-concept 2-bedroom, 2-bath apartment with updated kitchen, on-site laundry, and a dedicated parking spot.
      105 Chandler Ave, Roselle, NJ 07203
      View Details
    • $12 SF/Yr

      Renovated Roselle Unit For Rent

      Recently renovated unit with eat-in kitchen and off-street parking.
      227 E 3Rd Ave, Roselle, NJ 07203
      View Details
    • Contact for pricing

      Spacious Apartment on Quiet Street

      Bright, three-bedroom apartment with modern kitchen and convenient location.
      337 White St, Roselle, NJ 07203
      View Details
    • $2,200 /Mo

      Renovated 2-Bedroom Apartment

      Updated kitchen and bathroom, sound-dampening carpeting, and included heat/hot water for comfortable, budget-friendly living.
      929 Warren St, Roselle, NJ 07203
      View Details
    • $12 SF/Yr

      Move-in Ready 1-Bedroom Apartment

      Well-maintained 1-bedroom apartment with heat included in rent.
      222 Sheridan Ave, Roselle, NJ 07203
      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.
    111 2nd Ave, Unit 117
    Roselle, NJ 07203-1205
    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
    111 2nd Ave, Roselle, NJ, 07203
    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!