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Property profile & analytics
FOR SALE
Commercial real estate
442 Elizabeth Ave Elizabeth, NJ 07206
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0746245
For Sale
1 / 19
$785,000
442 Elizabeth Ave, Elizabeth, NJ 07206
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1910
Total area
1,638 SF
Lot
0.09 ac (3,899 SF)
APN
04 00681-0000-00010
UPID
US59-0746245
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
-
Machupicchu Restaurant
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$350k
Comparable Approach
Comparable
$432k
Blend (final)
Blend
$510k
Owner & transaction history
442 Elizabeth St LLC · 3 yrs held
442 Elizabeth St LLC
since 2022
Last sale
$520,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$315,000
+4.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Elizabeth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$630,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$375,000
6.5%
$350,000
7%
$325,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$315,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $520k (Oct 7 2022)
Last sale anchor
$520k
Oct 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$311 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$8,436
Tax year 2022
Assessed value
$25,900
Assessed 2023
Previous assessed
$25,900
+0.0% YoY
Effective rate
32.57%
On assessed value
Assessed land
$9,200
Assessed improvement
$16,700
Land market value
$9,200
Improvement market value
$16,700
Total market value
$25,900
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1910
Heating
NONE
Total area
1,638 SF
Lot
0.09 ac (3,899 SF)
APN
04 00681-0000-00010
UPID
US59-0746245
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$315,000
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Lot
0.09 ac
Current owner
From public records · entity-resolved
442 Elizabeth St LLC
Entity
Mailing address
442 ELIZABETH AVE, ELIZABETH, NJ 07206-1103
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
—
Elizabeth St LLC
—
Deed
related
$637,500 · Cliffco INC
Oct 7, 2022
$520,000
442 Elizabeth St LLC
Lb Equities LLC
Deed
$420,000 · Broadview Capital LLC
Jul 7, 2020
—
Lb Equities LLC
—
Deed
related
$281,250 · Rsi Bank
Dec 26, 2019
$269,000
Lb Equites LLC
Royal Manor Apartments LLC
Grant Deed
—
Feb 6, 2014
$100
Royal Manor Apartments LLC
Milestone Invs Partners LLC
Grant Deed
—
Feb 20, 2013
—
Milestone Inv Partners LLC
Ruggieri,juan & Mara
Grant Deed
related
—
Oct 6, 1988
$145,000
Juan Ruggieri
Unknown
Grant Deed
—
—
—
Juan C Ruggieri
—
Deed Of Trust
related
$275,000 · Hemisphere National Bank
—
—
Juan Ruggieri
—
Deed Of Trust
related
$269,500 · Commercial Funding Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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