Financial
Distress signals
Property profile

2 Morrell Pl Garfield, NJ 07026

OFF-MARKET
Other commercial real estate
Property ID
US59-1486092
2,137 SF 0.11 ac lot
Last sale Jan 2026 · $798,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located in Garfield City, NJ, this mixed-use property combines residential and commercial space. The building includes a multi-family home with two residential units and an attached commercial retail space currently operated as a restaurant and catering business. An attached one-car garage serves the residential portion, and the property sits on a corner lot measuring approximately 50 by 100 feet. The site is positioned near schools, shopping, and public transportation, and the overall configuration provides flexibility for continued residential and retail use.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value · 2024$421k
Assessed land$125k
Assessed improvement$296k
Effective rate3.28%

Value estimate

· Sep 2026
$345k
$311k – $380k
AI approach$345k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$293/SF
County average, outlier-cleaned · 855 recorded sales of this use type
Observed band · Q1–Q3$197 – $418
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionBERGEN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm10.0
Veterinary Clinic8.9
Assisted Living Facility8.8

Location

2 Morrell Pl Garfield, NJ 07026-1222
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
68 Lanza, Garfield, NJ 07026-3536 $1,975,000 May 2025 N/A
76 Jewell, Garfield, NJ 07026-3750 $500,000 May 2025 N/A
134 Jewell, Garfield, NJ 07026-3608 $672,000 Apr 2025 2,184 SF
413 Riv, Garfield, NJ 07026-3451 $810,000 Dec 2024 1,482 SF
122 Midland, Garfield, NJ 07026-1824 $650,000 Apr 2024 2,262 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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