Property profile & analytics
267 Oak St Passaic, NJ 07055-4203
- Commercial real estate
- 3,504 SF
- 0.09 lot acres
OFF-MARKET
Value Estimations
$610,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US59-0127004
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.
Current Use by Public Records
- Commercial real estate
Property Details for 267 Oak St
- Construction
- BRICK
- Lot size
- 0.09 lot acres
- Property size
- 3,504 SF
- Zone code
- R-3
- Property type
- Commercial real estate
- APN
- 07 02172-0000-00068
- APU
- 702172000000068
Description
This exceptional mixed-use property at 267 OAK ST Unit 0, Passaic, NJ, presents a unique opportunity to acquire a fully operational bar. Situated on a 0.09-acre lot, this turnkey establishment is available for lease at $5,000. The bar boasts a stylish and inviting atmosphere, perfectly designed to attract a diverse clientele. Its modern design incorporates ample seating and space for mingling and entertainment, making it suitable for a variety of events, from nightly operations to private functions. The property includes all necessary bar equipment, ensuring a seamless transition for the new operator. A significant advantage is the inclusion of a Class C liquor license, granting permission to sell beer, wine, and spirits. This license significantly reduces the time and effort required to establish a fully functional bar business. The location is described as prime, suggesting high foot traffic and visibility, contributing to the potential for strong revenue generation. This is an exceptional opportunity for an experienced bar owner or entrepreneur seeking a ready-made business in a desirable location. The property's turnkey nature and included liquor license make this a rare and attractive investment.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $380,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $725,000
- 6.5%
- $670,000
- 7%
- $620,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $393,000
Market price range: $140k - $394k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $665,000 Current use
- OFFICE BUILDING
- $645,000 Change: -3% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Passaic
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1311
- Latitude
- 40.8647
- 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
$22,739
$58,600
$509,300
$567,900
-
$58,600
$509,300
$567,900
