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Property profile & analytics
OFF-MARKET Estimated value $1,460,000
Commercial real estate

37 Palisade Ave Englewood, NJ 07631-2901

5,872 SF 0.11 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US59-2138377
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 5,872 SF
Lot 0.11 ac (5,001 SF)
Zoning code CBD1
APN 15 01208-0000-00016- 01
UPID US59-2138377
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
Current use
Occupant on record · Public records
  • Davari Jewelry Inc. (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.65M
CAP Approach CAP
$1.26M
Comparable Approach Comparable
$939k
Blend (final) Blend
$1.46M
Owner & transaction history
Project Hummus LLC · 3 yrs held
Project Hummus LLC
since 2023
Last sale
$1.4M
4 recorded transactions
2024
Price N/A
2023
$1.4M
2018
Price N/A
2017
Price N/A
Zoning & alternative use
CBD1 · Englewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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