Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    624 Bayway Ave, Unit 630 Elizabeth, NJ 07202-2613

    • Turn key restaurants
    • 1,600 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US59-1316390
    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

    • FedEx Drop Box / Mailing Service
    • Dunkin' / Breakfast Restaurant / Coffee Shop

    Property Details for 624 Bayway Ave

    Year built
    1950
    Lot size
    0.23 lot acres
    Property size
    1,600 SF
    Property type
    Turn key restaurants
    APN
    04 00497-0000-00009
    APU
    400497000000009

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.2151
    Latitude
    40.6461
    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
    $18,347
    $19,400
    $40,600
    $60,000
    -
    $19,400
    $40,600
    $60,000

    Comparable in this City

    • Value Estimation by Request
      2,399 SF

      427 Rahway Ave, Unit 431

      RESTAURANT • 2,399 SF
      427 Rahway Ave, Elizabeth, NJ 07202-2307
      View Details
    • Value Estimation by Request
      1,452 SF

      847 2nd Ave

      RESTAURANT • 1,452 SF
      847 2nd Ave, Elizabeth, NJ 07202-3865
      View Details
    • Value Estimation by Request
      4,628 SF

      600 Bayway Ave, Unit 606

      RESTAURANT • 4,628 SF
      600 Bayway Ave, Elizabeth, NJ 07202-2702
      View Details
    • Value Estimation
      $1,240,000
      1,859 SF

      300-304 Williamson St, Unit 304

      RESTAURANT • 1,859 SF
      300-304 Williamson St, Elizabeth, NJ 07202-3639
      View Details
    • Value Estimation by Request
      1,400 SF

      114 Rahway Ave, Unit 120

      RESTAURANT • 1,400 SF
      114 Rahway Ave, Elizabeth, NJ 07202-2011
      View Details
    • Value Estimation by Request
      1,644 SF

      943 Elmora Ave, Unit 955

      RESTAURANT • 1,644 SF
      943 Elmora Ave, Elizabeth, NJ 07202-3121
      View Details

    Similar Nearby for Sale

    • $115,000

      Turn-Key Restaurant Opportunity

      Storefront restaurant/cafe with equipment in excellent condition, ready to operate.
      670 Clarkson Ave, Elizabeth, NJ 07202
      View Details
    • $195,000

      Liquor License in Elizabeth Area

      Liquor license available for restaurant, bar, or nightclub.
      809 Rahway Ave, Elizabeth, NJ 07202
      View Details
    • $959,000
      Pending

      Commercial Property in Elizabeth City

      Commercial property with potential, catering hall, and high-quality kitchen.
      645 Garden St, Elizabeth, NJ 07202
      View Details
    • $1,550,000

      Mixed-Use Property in Elizabeth City

      Mixed-use property featuring apartments and retail spaces with income potential.
      149 Elmora Ave, Elizabeth, NJ 07202
      View Details
    • $920,000
      Pending

      Renovated Mixed-Use Property in Elizabeth

      Leased commercial space with a renovated 5-bedroom residential unit.
      715 Summer St, Elizabeth, NJ 07202
      View Details
    • $999,999
      3,000 SF

      Turnkey Auto Shop and Dealership

      Fully renovated auto shop and dealership with prime highway location.
      337 South Pearl St, Elizabeth, NJ 07202
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Retail Space in Prime Location

      Retail space for rent in a high-traffic Elizabeth location.
      970 W Grand St, Elizabeth, NJ 07202
      View Details
    • Contact for pricing
      7,500 SF

      Prime Elmora Ave Retail Space

      8 Suites Available, 445-4000 SF
      919-931 Elmora Ave, Elizabeth, NJ 07202
      View Details
    • Contact for pricing
      7,435 SF

      Retail Space in Grocery-Anchored Center

      Retail space available in a busy, grocery-anchored shopping center.
      838 E Grand St, Elizabeth, NJ 07202
      View Details
    • $5,880 /Mo

      Updated Office Space Near Station

      Spacious, updated office suite near Elizabeth Train Station.
      70 west Grand St, Elizabeth, NJ 07202
      View Details
    • $2,200 /Mo

      Sun-Filled Unit in Prime Location

      Two-bedroom unit near Elizabeth train station.
      344 Washington Ave, Elizabeth, NJ 07202
      View Details
    • $2,900 /Mo

      Renovated Apartment in Elizabeth, NJ

      Renovated 3-bedroom, 1-bathroom apartment in Peterstown, Elizabeth.
      223 John St, Elizabeth, NJ 07202
      View Details

    Property Visit Statistics

    • Visits by month
      5.2k
    • Visitors by month
      8.1k
    • Avg Time on site
      8 min
    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.
    624 Bayway Ave, Unit 630
    Elizabeth, NJ 07202-2613
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.