Property profile

302 Broadway Elmwood Park, NJ 07407

OFF-MARKET
Other commercial real estate
Property ID
US59-1484500
1,537 SF 0.29 ac lot Built 1960
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a 1,200-square-foot auto repair shop located in Elmwood Park Borough in Bergen County, New Jersey, positioned on a highly traveled route and serving both retail and commercial vehicle clients. The facility is configured for vehicle and light truck service and includes three vehicle lifts, work benches equipped with computer screens, an office/back-office area for management, a front counter with a POS system, and a customer waiting area. The shop is equipped with diagnostic and A/C equipment, a tire machine, oil storage, a clean tank, and secure areas for tools and inventory. The interior layout supports mechanical services for both domestic and foreign vehicles, including routine maintenance and repair work such as brakes, tires, engine repairs, and transmission-related service. The property is designed to accommodate an operator-driven service business with secure storage and customer-facing counter space.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Construction CONCRETE BLOCKS
Total area 1,537 SF
Lot 0.29 ac (12,502 SF)
Zoning code CL
APN 11 00304-0000-00004
UPID US59-1484500

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

302 Broadway Elmwood Park, NJ 07407-3527
Elmwood Park metro Census 11100 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.38M
CAP Approach CAP
by Request
Comparable Approach Comparable
$879k
Blend (final) Blend
$1.38M

Owner & transaction history

since 2024
Last sale
$1.4M
2 recorded transactions
2024
$1.4M
2013
$650,000

Zoning & alternative use

CL · Elmwood Park, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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