Property profile

439 Morris Ave 449 Elizabeth, NJ 07208

OFF-MARKET
Turn key restaurants
Property ID
US59-1462030
3,376 SF 0.81 ac lot Built 1970
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Total area 3,376 SF
Lot 0.81 ac (35,340 SF)
APN 04 00156-0000-00019
UPID US59-1462030

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
  • Restaurant

Location

439 Morris Ave, Unit 449 Elizabeth, NJ 07208-1967
Elizabeth metro Census 31802 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
$695k
Blend (final) Blend
$665k

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $720,000 +28.3%
Office building $645,000 +14.5%

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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