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Financial
Distress signals
Property profile

249-251 Morris Ave 251 Elizabeth, NJ 07208

OFF-MARKET
Commercial real estate
Property ID
US59-2071515
8,231 SF 72 ac lot Built 1900
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

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

Debts

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 · 2022

What does the county charge?
$22k
Tax billed · 2022
Assessed value · 2023$73k
Assessed land$17k
Assessed improvement$55k
Effective rate30.58%

Value estimate

· Oct 2026
$600k
$540k – $660k
AI approach$485k
Submarket $/SF estimate$815k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$214/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$99 – $291
Qualifying comparables13

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency29.7
Veterinary Clinic12.7
Gym & Fitness10.9

Location

249-251 Morris Ave, Unit 251 Elizabeth, NJ 07208-3681
County assessor Recorded deeds · not on file 13 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
324-326 Morris, Elizabeth, NJ 07208-3615 $1,600,000 Aug 2024 7,636 SF
434 Broad, Elizabeth, NJ 07208 $875,000 Apr 2024 6,244 SF
268-270 Morris, Elizabeth, NJ 07208-5602 $1,550,000 Dec 2023 6,033 SF
331 Morris, Elizabeth, NJ 07208-3616 $2,000,000 Aug 2023 6,663 SF
600 Newark, Elizabeth, NJ 07208-3539 $6,142,714 Dec 2022 10,881 SF
306-308 Morris, Elizabeth, NJ 07208-3615 $120,225 Sep 2022 5,247 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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