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Property profile & analytics

37 Palisade Ave Englewood, NJ 07631-2901

  • Commercial real estate
  • 5,872 SF
  • 0.11 lot acres
OFF-MARKET
Last Sale
Mar 24, 2023
$1,425,000
Value Estimations
$1,460,000
Show details
Cap Rate Potential
5.4%
Commercial real estate
Location Intelligence
Property ID
US59-2138377
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

  • Davari Jewelry Inc. / (Bike/Boat/Book/etc) Store

Property Details for 37 Palisade Ave

Construction
FRAME
Lot size
0.11 lot acres
Property size
5,872 SF
Zone code
CBD1
Property type
Commercial real estate
APN
15 01208-0000-00016- 01
APU
150120800000001601

Description

This exceptional business opportunity presents a thriving jewelry store located at 37 E Palisade Avenue in the vibrant city of Englewood, New Jersey. Situated on a high-traffic section of E Palisade Avenue, this ground-level showroom benefits from excellent street exposure amongst specialty shops, cafes, and restaurants. The space has recently undergone a complete renovation, resulting in a modern and appealing retail environment. The sale includes all fixtures and equipment necessary for immediate operation, encompassing showroom floor and wall displays, furniture, a secure safe, and specialized jewelry-making tools such as a laser welder, grinder, and steam cleaner. A comprehensive security system, complete with cameras and a security gate, ensures the safety of inventory and clientele. The business boasts a stellar 4.9-star Google rating and a loyal, established customer base. Furthermore, the sale includes existing marketing materials and social media presence. The current owner will provide comprehensive training for a smooth transition, lasting approximately four to six weeks. The owner's relocation out of state presents this unique opportunity for a qualified buyer to acquire a well-established and profitable business in a desirable location. The asking price is $275,000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,530,000
    ML approach
    $1,650,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,365,000
    6.5%
    $1,260,000
    7%
    $1,170,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $938,000
    Market price range: $351k - $1.35M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $2,155,000
    Current use
    APARTMENT HOUSE (5+ UNITS)
    $1,930,000
    Change: -11% Conversion: Moderate

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Englewood
County
Bergen
State
New Jersey
Longitude
-73.9736
Latitude
40.8935
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
2022
$41,295
$1,050,000
$350,300
$1,400,300
-
$1,050,000
$350,300
$1,400,300
More about this property
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