Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    50 Park Ave East Orange, NJ 07017-5244

    • Gas stations
    • 1,918 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Jan 05, 2023
    $700,000
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0212743
    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

    • Park Avenue Auto Clinic / Auto Repair Shop

    Property Details for 50 Park Ave

    Year built
    1960
    Lot size
    0.21 lot acres
    Property size
    1,918 SF
    Property type
    Gas stations
    APN
    05 00073-0000-00001
    APU
    500073000000001

    Description

    This prime East Orange, NJ commercial property, located at 50 Park Ave, offers a unique investment opportunity. The 13,500 square foot lot, zoned Commercial 4A, currently houses an automobile repair shop generating steady income. Situated on a bustling corner lot at the intersection of Park Ave and N 16th Street, this property boasts high visibility and significant foot and vehicle traffic. The property includes two adjacent lots, providing ample space for expansion or redevelopment. Plans are underway to secure a residential permit for a 16-unit building, capitalizing on the area's growing housing demand. Built in 1931, this property presents a versatile opportunity for various businesses, from retail to office space, or continued use as an automotive facility. Its strategic location in a thriving East Orange community, coupled with its redevelopment potential, makes this a compelling investment for those seeking immediate income and long-term growth. The property's APN is 0500073000000001. The asking price is $999,000. This is a for sale by owner listing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $970,000
      ML approach
      $945,000

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

    Location Insight

    • Map
    • Local Demand
    City
    East Orange
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1953
    Latitude
    40.7623
    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
    $8,058
    $144,000
    $133,300
    $277,300
    -
    $144,000
    $133,300
    $277,300

    Comparable in this City

    • Value Estimation by Request

      556 William St

      GAS STATION
      556 William St, East Orange, NJ 07017
      View Details
    • Value Estimation by Request
      0.32 Acres

      47 Park Ave

      GAS STATION • 0.32 Acres
      47 Park Ave, East Orange, NJ 07017-5218
      View Details
    • Value Estimation
      $690,000
      1,892 SF

      491-495 Prospect St, Unit 495

      GAS STATION • 1,892 SF
      491-495 Prospect St, East Orange, NJ 07017-3102
      View Details
    • Value Estimation
      $1,300,000
      1,350 SF

      430 William St

      GAS STATION • 1,350 SF
      430 William St, East Orange, NJ 07017-3515
      View Details
    • Value Estimation by Request
      1,056 SF

      9 Park St

      GAS STATION • 1,056 SF
      9 Park St, East Orange, NJ 07017-1101
      View Details
    • Value Estimation
      $630,000
      3,263 SF

      387 Springdale Ave

      GAS STATION • 3,263 SF
      387 Springdale Ave, East Orange, NJ 07017-3808
      View Details

    Similar Nearby for Sale

    • $175,000

      East Orange Investment Opportunity

      Vacant property with parking, ready for immediate occupancy.
      133 Maple Ave, East Orange, NJ 07017
      View Details
    • $475,000

      Vacant Land Parking Lot

      Vacant land currently used as a parking lot for sale.
      118 S Clinton St, East Orange, NJ 07017
      View Details
    • $398,000

      East Orange Autobody Shop Opportunity

      7,500 sq ft autobody shop with parking and storage.
      54-58 Springdale Ave, East Orange, NJ 07017
      View Details
    • $749,999

      Turnkey Mixed-Use Investment Property

      Mixed-use property with income potential in a developing market.
      384 Glenwood Ave, East Orange, NJ 07017
      View Details
    • $1,300,000
      4,100 SF

      East Orange Commercial Property For Sale

      Commercial property in revitalizing neighborhood, ideal for retail or office.
      57 Washington St East Orange City, East Orange, NJ 07017
      View Details
    • $1,599,000

      East Orange Retail Investment Opportunity

      Fully leased retail property in high-traffic East Orange location.
      41 N Clinton St, East Orange, NJ 07017
      View Details

    Similar Nearby for Lease

    • $3,400 /Mo

      East Orange Commercial Space For Rent

      Commercial space near train station with direct access to NYC.
      4 Winans St, East Orange, NJ 07017
      View Details
    • $1,599,000

      East Orange Retail Investment Opportunity

      Fully leased retail storefronts in high-traffic East Orange location.
      41-45 N Clinton St, East Orange, NJ 07017
      View Details
    • Contact for pricing
      1,650 SF

      East Orange Retail/Office Space

      Available space suitable for retail, office, or restaurant use.
      190 N Park St, East Orange, NJ 07017
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land with close access to major transportation routes.
      105 Dodd St, East Orange, NJ 07017
      View Details
    • $2,100 /Mo

      Updated Three-Bedroom Apartment in East Orange

      Recently renovated 3-bedroom apartment near public transportation in East Orange.
      205 N Clinton St, East Orange, NJ 07017
      View Details
    • $3,400 /Mo

      Spacious East Orange Rental Home

      Three-bedroom, two-bathroom rental with modern amenities and convenient location.
      53 Marcy Ave, East Orange, NJ 07017
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    50 Park Ave
    East Orange, NJ 07017-5244
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.