Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    200 Williamson St Ste, Unit 218 Elizabeth, NJ 07202-2909

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    200 Williamson St Ste, Unit 218 Elizabeth, NJ 07202-2909

    View on Map
    • Medical Office Space
    • 51,300 SF
    • 0.83 lot acres
    Off-Market
    Last Sale Jan 17, 2023
    Property ID
    US59-1899319
    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
    $5,940,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 200 Williamson St Ste

    Year built
    2023
    Construction
    METAL FRAME
    Lot size
    0.83 lot acres
    Property size
    51,300 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    04 00472-0000-00010- 01
    APU
    40047200000001001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $8,325,000
      OFFICE BUILDING
      $6,940,000
      COMMERCIAL (GENERAL)
      $5,755,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.2137
    Latitude
    40.6598
    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
    2023
    $185,280
    $0.00
    $9,761,200
    $9,761,200
    -
    $0.00
    $9,761,200
    $9,761,200

    Comparable in this City

    • Value Estimation
      $7,370,000
      65,860 SF

      254 Williamson St, Unit 260

      MEDICAL BUILDING • 65,860 SF
      254 Williamson St, Elizabeth, NJ 07202-3626
      View Details
    • Value Estimation by Request
      21,816 SF

      228-230 Jersey St

      Medical Office Space • 21,816 SF
      228-230 Jersey St, Elizabeth, NJ 07202
      View Details
    • Value Estimation by Request
      1,951 SF

      321 Rahway Ave

      OFFICE BUILDING • 1,951 SF
      321 Rahway Ave, Elizabeth, NJ 07202-1806
      View Details
    • Value Estimation
      $750,000
      9,825 SF

      133-135 Rahway Ave, Unit 135

      OFFICE BUILDING • 9,825 SF
      133-135 Rahway Ave, Elizabeth, NJ 07202-2015
      View Details
    • Value Estimation by Request
      1,747 SF

      245-247 Rahway Ave, Unit 247

      OFFICE BUILDING • 1,747 SF
      245-247 Rahway Ave, Elizabeth, NJ 07202-1906
      View Details
    • Value Estimation by Request
      4,671 SF

      325 Broad St, Unit 331

      OFFICE BUILDING • 4,671 SF
      325 Broad St, Elizabeth, NJ 07202-3515
      View Details

    Similar Nearby for Sale

    • $99,000
      Pending

      Turnkey Spa Business Opportunity

      Fully equipped spa business for sale in high-traffic area.
      133 Elmora Ave, Elizabeth, NJ 07202
      View Details
    • $1,199,000
      4,122 SF

      Elizabeth Office Building For Sale

      Office building with 4,122 square feet of space.
      802 3Rd Ave, Elizabeth, NJ 07202
      View Details
    • $1,200,000
      9,999 SF

      Six-Family Property in Elizabeth, NJ

      Well-maintained six-family property with strong rental potential in Elizabeth.
      32 Spencer St, Elizabeth, NJ 07202
      View Details
    • $1,750,000

      Elmora Multifamily Investment Opportunity

      14-unit apartment building in Elmora section with parking.
      225 Murray St, Elizabeth, NJ 07202
      View Details
    • $799,900
      900 SF

      Mixed-Use Property in Elizabeth City

      Mixed-use property with established tenants and income potential.
      612 S Broad St, Elizabeth, NJ 07202
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      Medical/Office Building For Lease

      Four-story medical/office building in established neighborhood near Trinitas Regional Medical Center.
      228-230 West Jersey St, Elizabeth, NJ 07202
      View Details
    • Contact for pricing

      Medical/Office Building For Lease

      Four-story medical/office building in established neighborhood with easy highway access.
      228-230 West Jersey St, Elizabeth, NJ 07202
      View Details
    • $25 SF/Yr
      617 SF

      Medical Office Space Available

      Updated medical office space near Trinitas Regional Medical Center.
      228 W Jersey St, Elizabeth, NJ 07202
      View Details
    • $1,900 /Mo

      Renovated Office Space in Elizabeth

      Move-in ready office space in Elmora section of Elizabeth.
      980 Dehart Pl, Elizabeth, NJ 07202
      View Details
    • $4,500 /Mo
      2,460 SF

      Versatile Commercial Building in Elizabeth

      2,724 SF commercial building with parking in high-visibility location.
      313 Rahway Ave, Elizabeth, NJ 07202
      View Details
    • $1,900 /Mo

      Renovated Office Space in Elizabeth

      Move-in ready office space in Elizabeth's Elmora section.
      980 Dehart Pl, Elizabeth, NJ 07202
      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.
    200 Williamson St Ste, Unit 218
    Elizabeth, NJ 07202-2909
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!