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

    768 Stuyvesant Ave Lyndhurst, NJ 07071

    • Commercial real estate
    • 4,032 SF
    • 0.28 lot acres
    For Sale
    View listing
    $1,975,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1841686
    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

    • Lee's Hawaiian Islander / Bar & Pub / Nightclub

    Property Details for 768 Stuyvesant Ave

    Year built
    1962
    Lot size
    0.28 lot acres
    Property size
    4,032 SF
    Property type
    Commercial real estate
    APN
    32 00188-0000-00057
    APU
    3200188000000057

    Description

    Prime Lyndhurst location presents a unique opportunity to acquire Lee's Hawaiian Islander Restaurant, a well-established, 52-year-old business. This turnkey operation includes the real estate, liquor license, and all fixtures. The 5,000 square foot, two-story building sits on a 12,240 square foot lot, zoned B-Business, and boasts a spacious open dining area, mezzanine level for private parties, and a large kitchen (1,000+ sq ft). With 22 parking spaces and a prominent corner location, this property benefits from high visibility and convenient access. Recent improvements (within the past four years) include a new roof, bathrooms, boiler, heater, sewer lines, and an updated AC split system for the bar area. Exterior stucco and paint have also been refreshed. The asking price is $1,975,000 ($395/sq ft). The property is available for occupancy on June 30, 2024. This is a rare chance to own a piece of New Jersey history, ideally suited for a continuation of the existing business or a new venture. Built in 1962, this restaurant is considered the last vintage tiki bar in New Jersey.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $935,000
      6.5%
      $865,000
      7%
      $805,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $657,000
      Market price range: $309k - $710k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $850,000
      Current use
      OFFICE BUILDING
      $975,000
      Change: +15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lyndhurst
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.134
    Latitude
    40.8041
    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
    $30,048
    $674,300
    $626,200
    $1,300,500
    -
    $674,300
    $626,200
    $1,300,500

    Comparable in this City

    • Value Estimation by Request

      9 Rdg Rd

      COMMERCIAL (GENERAL)
      9 Rdg Rd, Lyndhurst, NJ 07071-1201
      View Details
    • Value Estimation by Request
      0.56 Acres

      500 Schuyler Ave

      COMMERCIAL (GENERAL) • 0.56 Acres
      500 Schuyler Ave, Lyndhurst, NJ 07071-2909
      View Details
    • Value Estimation
      $800,000
      5,660 SF

      237-239 Stuyvesant Ave, Unit 239

      COMMERCIAL (GENERAL) • 5,660 SF
      237-239 Stuyvesant Ave, Lyndhurst, NJ 07071-1743
      View Details
    • Value Estimation
      $745,000
      5,108 SF

      296-298 Stuyvesant Ave, Unit 298

      COMMERCIAL (GENERAL) • 5,108 SF
      296-298 Stuyvesant Ave, Lyndhurst, NJ 07071-1833
      View Details
    • Value Estimation
      $1,040,000
      7,169 SF

      426 Vly Brk Ave

      COMMERCIAL (GENERAL) • 7,169 SF
      426 Vly Brk Ave, Lyndhurst, NJ 07071-1922
      View Details
    • Value Estimation
      $13,510,000
      60,045 SF

      Vly Brk Ave At Polito Ave

      COMMERCIAL (GENERAL) • 60,045 SF
      Vly Brk Ave At Polito Ave, Lyndhurst, NJ 07071
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Lyndhurst Development Site

      30,000 sq ft, prime location
      571-577 New York Ave, Lyndhurst, NJ 07071
      View Details
    • $945,000

      Lyndhurst Multifamily Investment Opportunity

      Multifamily property for sale in Lyndhurst, New Jersey.
      325 Valley Brook Ave, Lyndhurst, NJ 07071
      View Details
    • $1,695,000

      Lyndhurst Freestanding Building For Sale

      Freestanding building in Lyndhurst with liquor license and parking.
      768 Stuyvesant Ave, Lyndhurst, NJ 07071
      View Details
    • $269,000

      Spacious Condo Near NYC Transport

      One-bedroom condo with hardwood floors and convenient NYC access.
      549-551 Laurel Ave, Lyndhurst, NJ 07071
      View Details
    • $575,000

      Lyndhurst Four-Family Property For Sale

      Four-family property near transportation, sold as-is with month-to-month tenants.
      249-251 Court Ave, Lyndhurst, NJ 07071
      View Details
    • New
      $965,000
      5,475 SF

      Two-Family Home in Quiet Area

      Two-family home near transportation, schools, parks, and shopping.
      433 Chase Ave, Lyndhurst, NJ 07071
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,762 SF

      Lyndhurst Office Space for Rent

      Office space in Meadowlands Corporate Center, convenient location.
      1050 Wall St W, Lyndhurst, NJ 07071
      View Details
    • Contact for pricing
      7,032 SF

      Renovated Office Space Available

      Recently renovated office space with modern amenities for rent.
      125 Chubb Ave, Lyndhurst, NJ 07071
      View Details
    • Contact for pricing
      8,000 SF

      Lyndhurst Retail/Medical/Daycare Space Available

      Move-in ready space suitable for daycare or medical use.
      601 Riverside Ave, Lyndhurst, NJ 07071
      View Details
    • $29 SF/Yr
      5,504 SF

      Lyndhurst Office Space For Rent

      Office space available in Lyndhurst, New Jersey.
      160 Chubb Ave, Lyndhurst, NJ 07071
      View Details
    • $1,900 /Mo

      Spacious 2-Bedroom Apartment Available

      Well-kept 2-bedroom apartment near shopping, dining, schools, and transportation.
      720 2Nd Ave, Lyndhurst, NJ 07071
      View Details
    • $1,000 /Mo

      Lyndhurst Specialty Property for Rent

      Specialty property available for rent in Lyndhurst, New Jersey.
      300 Lake Ave, Lyndhurst, NJ 07071
      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.
    768 Stuyvesant Ave
    Lyndhurst, NJ 07071
    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.