Property profile

600 Bayway Ave 606 Elizabeth, NJ 07202

OFF-MARKET
Turn key restaurants
Property ID
US59-2065572
4,628 SF 0.23 ac lot Built 1925
Entity Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1925
Total area 4,628 SF
Lot 0.23 ac (10,062 SF)
APN 04 00496-0000-00010
UPID US59-2065572

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
  • Restaurant
  • Restaurant
  • Restaurant

Location

600 Bayway Ave, Unit 606 Elizabeth, NJ 07202-2702
Elizabeth metro Census 30600 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
$657k
Blend (final) Blend
$650k

Owner & transaction history

since 2009
3 recorded transactions
2009
Price N/A
2004
$400,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $885,000 +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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