Property profile

345-347 2nd St 347 Elizabeth, NJ 07206

OFF-MARKET
Bars & Pubs
Property ID
US59-2115823
7,657 SF 0.11 ac lot Built 1890
Entity Owned 8-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1890
Total area 7,657 SF
Lot 0.11 ac (5,001 SF)
APN 04 00824-0000-00008
UPID US59-2115823

Cap rate & NOI

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

Location

345-347 2nd St, Unit 347 Elizabeth, NJ 07206-2117
Elizabeth metro Census 39801 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$970k

Owner & transaction history

since 2018
2 recorded transactions
2018
$375,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.5M +14.5%
Commercial (general) $1.4M +9.6%
Industrial (general) $1.3M +3.7%

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
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?”
You own 345-347 2nd St, Unit 347?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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