Property profile

640 Grier Ave Elizabeth, NJ 07202

OFF-MARKET
Bars & Pubs
Property ID
US59-0676200
4,500 SF 0.06 ac lot Built 1925
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1925
Total area 4,500 SF
Lot 0.06 ac (2,689 SF)
APN 04 00457-0000-00001
UPID US59-0676200

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

Location

640 Grier Ave Elizabeth, NJ 07202-2506
Elizabeth metro Census 30703 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$620k

Owner & transaction history

since 2020
Last sale
$400,000
6 recorded transactions
2020
$400,000
2020
Price N/A
2006
$310,000
1993
$20,000
1993
$20,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $860,000 +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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