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    231 E 1st Avenue Roselle, NJ 07203

    View on Map
    For Lease
    $31 SF/Yr

    COMMERCIAL - Roselle, NJ

    Property size:
    1,600 SF
    Lot size:
    0.14 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    90
    Last Refresh:
    Apr 5 at 12:06 pm

    Property Features for 231 E 1st Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    8
    Parking features
    Parking Lot, Off Street, Guest
    Security features
    Security System
    Exterior features
    Outdoor Shower
    Standard status
    Active
    APN
    14-01601-0000-00005
    Size
    1,600 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8512

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1947
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Concrete
    Roof type
    Flat

    We can help!

    Listing Contact
    Seth Nelson

    Listing agent Seth Nelson

    Listing office NJ Elite Group LLC 603 Mattison Ave. # 303, Asbury Park, NJ

    Listing date Jan 5, 2026

    MLS# 22600368

    Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Roselle Industrial Property with Yard

    This 1,600 SF flex/industrial warehouse is located in Roselle, NJ, and was built in 1947. It is a single-story masonry building featuring a 10' x 10' drive-in door and approximately 10 ft clear height. The property is suitable for light manufacturing, warehouse operations, or conversion to a fabrication shop, showroom, or e-fulfillment micro-hub. It includes a secure 50' x 125' fenced yard that can accommodate box trucks, reefers, containers, or grow-media drop-offs. The property has flexible zoning and offers access to major transportation routes. The lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    D&B Contractors General Contractor D&B Painting Contractors ... Painting Service D&B Chimney Sweep ... General Contractor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • RELIABLE AUTO SALES — 742 E 1st Ave, Roselle, NJ 07203
    • Extra Space Storage — 615 E 1st Ave, Roselle, NJ 07203

    Location Insight

    • Map
    • Local Demand
    City
    Roselle
    County
    Union
    State
    New Jersey
    Longitude
    -74.25916
    Latitude
    40.66092

    Nearby Similar for Lease

    • Contact for pricing

      Clean Apartment Near Transportation

      Two-bedroom apartment with large kitchen, near train and highways.
      216 E 9Th Ave, Roselle, NJ 07203-2062
      View Details
    • $31/mo

      Roselle Industrial Property with Yard

      1,600 SF flex/industrial warehouse with secure fenced yard.
      231 E 1st Avenue, Roselle, NJ 07203
      View Details
    • Contact for pricing

      Roselle Warehouse with Vehicle Maintenance

      Secured, fenced site with vehicle maintenance building. Ideal storage.
      120 Aldene Rd, Roselle, NJ
      View Details

    FAQs

    What type of property is this?
    Warehouse - 1,600 SF flex/industrial warehouse with secure fenced yard.
    Where is this warehouse located?
    The property is located at 231 E 1st Avenue Roselle, NJ.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: Rare opportunity in a market with sub‑5% vacancy for comparable properties.; Secure, fenced 50' x 125' yard suitable for various vehicles and storage.; Flexible zoning allows for light manufacturing, warehousing, showroom, or e‑fulfillment micro‑hub.
    (732) 523-0757
    We can help!
    Listing Contact
    Seth Nelson
    Learn More
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    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
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