Technical
Financial
Distress signals
Property profile

614-616 Newark Ave 616 Elizabeth, NJ 07208

OFF-MARKET
Office buildings
Property ID
US59-1446190
5,042 SF 0.16 ac lot Built 1920
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Total area 5,042 SF
Lot 0.16 ac (7,100 SF)
APN 04 00145-0000-00026
UPID US59-1446190

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

614-616 Newark Ave, Unit 616 Elizabeth, NJ 07208-3539
Elizabeth metro Census 31601 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$755k
CAP Approach CAP
by Request
Comparable Approach Comparable
$609k
Blend (final) Blend
$750k

Owner & transaction history

since 2023
Last sale
$825,000
5 recorded transactions
2023
$825,000
2007
$512,000
2004
$1
1993
$149,500
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.1M +12.0%

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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