Realmo Analytics

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

Financial
Distress signals
Property profile

26 Papetti Plz Elizabeth, NJ 07206

FOR LEASE
Other warehouses
Property ID
US59-1559125
76,914 SF 3.18 ac lot Built 1985
Last sale Oct 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a 60,000 SF warehouse facility with incorporated office space, configured as a combined warehouse/office building under an Urban Enterprise Zone (UEZ). It is positioned to support logistics and light office uses, with one coordinated on-site layout that includes dedicated office components within the same address. The site provides regional connectivity via toll-free routes to Brooklyn and Staten Island, is located near Ports Newark/Elizabeth, and is close to Newark Airport. Access is also supported by proximity to NJ Turnpike exits 13 and 13A.

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 · 2023

What does the county charge?
$174k
Tax billed · 2023
Assessed value · 2024$18.50M
Assessed land$9.55M
Assessed improvement$8.94M
Effective rate0.94%

Value estimate

· Oct 2026
$8.74M
$7.87M – $9.61M
NOI build-up
Gross scheduled income$1.02M
Vacancy & credit loss−$59k
Operating expenses−$289k
NOI · 5,862,356.52% cap applied$674k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
5,862,356.52%
$674k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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 agency58.6
Dental Office33.7
Law Firm28.5

Location

26 Papetti Plz Elizabeth, NJ 07206
County assessor Recorded deeds · 1 transfer 6 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
28 Slater, Elizabeth, NJ 07206-2128 $10,000,000 Jul 2025 2,600,000 SF
327-347 1st, Elizabeth, NJ 07206-2015 $30,500,000 Oct 2023 No data
31-79 1st, Elizabeth, NJ 07206 $37,000,000 Nov 2022 3,500,000 SF
219 Butler, Elizabeth, NJ 07206-2776 $2,650,000 Aug 2022 9,205 SF
151-157 3rd, Elizabeth, NJ 07206-1559 $1,200,000 May 2022 6,250 SF
401 Trumbull, Elizabeth, NJ 07206-2114 $2,150,000 Aug 2020 258,500 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?”
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
Reason not saved — we won't ask again