Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

247 Elm Ave Rahway, NJ 07065

OFF-MARKET
Commercial real estate
Property ID
US59-1624697
2,516 SF 0.31 ac lot Built 1920
Last sale Jan 1995 · $120,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional mixed-use property, located at 247 Elm Ave in Rahway, NJ, presents a unique investment opportunity. The 3,650 square foot building sits on a 0.1-acre lot and is currently configured as a funeral home, offering significant potential for various commercial uses. The property features two distinct units. The ground floor commercial space encompasses approximately 1692 square feet above grade, including a large office, hallway leading to a viewing area and chapel, and a half…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$17k
Tax billed · 2022
Assessed value · 2023$245k
Assessed land$88k
Assessed improvement$157k
Effective rate7.05%

Value estimate

· Oct 2026
$370k
$333k – $407k
AI approach$370k
CAP approach$510k
Submarket $/SF estimate$710k

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

Recently sold

What actually traded nearby?
$186/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$104 – $282
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.

JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Watch Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Watch Repair Shop8.9
Realty agency8.6
Home Appliance Store8.6

Location

247 Elm Ave Rahway, NJ 07065-3220
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
1697 Brg, Rahway, NJ 07065-4506 $750,000 May 2025 1,488 SF
1491 Main, Rahway, NJ 07065-4027 $900,000 Mar 2025 4,545 SF
347 Jaques, Rahway, NJ 07065-2903 $120,000 Nov 2024 950 SF
488 Grand, Rahway, NJ 07065-3418 $775,000 Nov 2024 3,156 SF
453 Milton, Rahway, NJ 07065-3286 $590,000 Oct 2024 2,968 SF
692 Grand, Rahway, NJ 07065 $575,000 Oct 2023 2,700 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 247 Elm Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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
Why this one?
Saved