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    Property profile & analytics

    2 1st St Elizabeth, NJ 07206-1627

    • Bars
    • 3,933 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Last Sale
    Mar 28, 2024
    Location Intelligence
    Property ID
    US59-2773524
    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

    • Ram Ranch / Gym

    Property Details for 2 1st St

    Year built
    1900
    Lot size
    0.03 lot acres
    Property size
    3,933 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    04 00784-0000-00027
    APU
    400784000000027

    Description

    This exceptional commercial property, located at 2 1ST ST in Elizabethport, NJ, presents a compelling investment opportunity. Boasting a generous 3,933 square feet of space, this general commercial building sits on a conveniently sized 0.03-acre lot. The property's strategic location in Elizabethport offers excellent accessibility and visibility, making it suitable for a wide range of commercial ventures. The asking price of $2700 suggests significant potential for return on investment. The building's substantial square footage allows for versatile configurations to accommodate diverse business needs. Whether you envision a retail space, office complex, or light industrial operation, this property's adaptability makes it a highly attractive prospect. Its prime location within Elizabethport ensures easy access to transportation routes and a thriving local market. The compact lot size offers efficient use of land, minimizing maintenance and overhead costs. Serious inquiries are encouraged to explore the full potential of this exceptional commercial property and its promising investment prospects. Further details regarding zoning and permitted uses are readily available upon request. Don't miss this chance to acquire a valuable asset in a dynamic and growing area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $280,000
      7%
      $285,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $340,000
      Mixed-Use
      $370,000
      Hospitality
      $275,000
      Educational
      $310,000
      Residential Income
      $315,000
      Energy
      $350,000
      Income-Based Land
      $335,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.1908
    Latitude
    40.6466
    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
    $7,767
    $4,000
    $21,400
    $25,400
    -
    $4,000
    $21,400
    $25,400

    Comparable in this City

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    • Value Estimation
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      70,000 SF

      212 Lt Glenn Zamorski Dr

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    • Value Estimation
      $270,000
      3,953 SF

      230 2nd St

      BAR, TAVERN • 3,953 SF
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      View Details
    • Value Estimation
      $980,000
      3,906 SF

      324 2nd St

      BAR, TAVERN • 3,906 SF
      324 2nd St, Elizabeth, NJ 07206-2118
      View Details

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    2 1st St
    Elizabeth, NJ 07206-1627
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    Realmo Value Estimation

    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.

    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.

    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
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