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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Specialty properties
805 Lyons Ave Irvington, NJ 07111
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1187585
Property summary
AI-generated overview
This exceptional 8,914 square foot commercial property, situated on a 0.2-acre corner lot at 805 Lyons Ave, Irvington, NJ, presents a unique investment opportunity. Formerly operating as a funeral home, this multi-level building boasts significant interior space and ample parking. Key features include an elevator, central multi-zone heating, smoke detectors, and an intercom system. Its strategic location on a major thoroughfare connecting Newark and Irvington offers unparalleled accessibility, with proximity to the parkway (two blocks away) and Irvington Center. The property's current zoning is 4A (mixed use), while the district zoning is R-1, requiring a variance for multi-unit residential development. Detailed floor plans and an aerial view are available in the media section. Given its size, features, and location within a residential area, this property holds immense potential for various uses, including (but not limited to) a funeral home, place of worship, or conversion into multi-unit housing. The asking price is $500,000. Serious inquiries only.
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Total area
7,888 SF
Lot
0.2 ac (8,912 SF)
APN
09 00338-0000-00001
UPID
US59-1187585
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Saxony 805 Lyons Ave LLC · 1 yrs held
Saxony 805 Lyons Ave LLC
since 2025
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Irvington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irvington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$775,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$770,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$610,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,533
Tax year 2023
Assessed value
$387,500
Assessed 2024
Previous assessed
$387,500
+0.0% YoY
Effective rate
6.07%
On assessed value
Assessed land
$187,500
Assessed improvement
$200,000
Land market value
$187,500
Improvement market value
$200,000
Total market value
$387,500
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Heating
NONE
Units
1
Total area
7,888 SF
Lot
0.2 ac (8,912 SF)
APN
09 00338-0000-00001
UPID
US59-1187585
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$775,000
WAREHOUSE, STORAGE
Est. value
$770,000
INDUSTRIAL (GENERAL)
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Saxony 805 Lyons Ave LLC
Entity
Free & Clear · 1 yrs held
Mailing address
803 LYONS AVE #809, IRVINGTON, NJ 07111-2309
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2025
$525,000
Saxony 805 Lyons Ave LLC
Nathan H Joyce
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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