Property profile

151-157 3rd Ave 157 Elizabeth, NJ 07206

OFF-MARKET
Industrial properties
Property ID
US59-1706419
6,250 SF 0.34 ac lot Built 1926
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1926
Total area 6,250 SF
Lot 0.34 ac (15,002 SF)
APN 04 00778-0000-00004
UPID US59-1706419

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

151-157 3rd Ave, Unit 157 Elizabeth, NJ 07206-1559
Elizabeth metro Census 30500 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.44M
CAP Approach CAP
$1.08M
Comparable Approach Comparable
$1.71M
Blend (final) Blend
$1.58M

Owner & transaction history

since 2022
Last sale
$1.2M
3 recorded transactions
2022
$1.2M
2009
$500,000
2005
$1

Zoning & alternative use

Top alternative use upside
Office building $1.2M +10.4%
Commercial (general) $1.1M +5.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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