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Property profile & analytics
OFF-MARKET Estimated value $555,000
Commercial real estate

323 Semel Ave Garfield, NJ 07026-2125

0.11 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US59-3144065
Property summary
AI-generated overview

This exceptional mixed-use property in Garfield, NJ, presents a unique investment opportunity. The building, totaling 2,400 square feet on a 0.11-acre lot, has recently undergone a complete renovation. The ground floor currently operates as a thriving sports bar, featuring ample indoor and outdoor seating areas, ideal for continued operation or conversion to another commercial use. Its prime location in the heart of Garfield ensures high visibility and convenient access to major transportation arteries, including Routes 21 and 46, maximizing its potential for attracting customers and tenants. Upstairs, a spacious and well-maintained 3-bedroom, 1.5-bathroom residential apartment offers comfortable living. This upper-level unit features hardwood floors throughout, a sizable living room, a separate dining area, and a convenient eat-in kitchen. Currently occupied by a month-to-month tenant, this provides flexibility for future occupancy arrangements. The property's blend of commercial and residential spaces creates a strong income stream and significant potential for future growth. The asking price of $850,000 reflects the property's excellent condition, prime location, and diverse income potential. This is a rare opportunity to acquire a turn-key mixed-use property in a thriving New Jersey community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Lot 0.11 ac (5,001 SF)
APN 21 00170- 02-00021
UPID US59-3144065
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$555k
Owner & transaction history
Tabakera LLC · 3 yrs held
Tabakera LLC
since 2023
Last sale
$539,900
2 recorded transactions
2023
$539,900
2006
$200,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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