Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    868 Elston St Rahway, NJ 07065

    Sponsored
    For Lease
    $14,183 /Mo ($15 SF/Yr)

    Commercial - Rahway City, NJ

    Property size:
    11,347 SF
    Lot size:
    0.60 Acres
    Days on Market:
    51
    Last Refresh:
    Jan 31 at 7:06 am

    Property Features for 868 Elston St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Industrial
    Parking features
    Parking Lot
    Size
    11,347 SF
    Lot size
    0.60 Acres

    Utilities

    Heating system
    Electric (Heating), Radiant

    Building Details

    Year built
    1969
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    FRANK DELLA FEMINA III

    Hallmark Realtors (800) 654-6673

    Listing agent FRANK DELLA FEMINA III (800) 359-3398

    Listing date Dec 12, 2025

    MLS# 3990859 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Rahway City Warehouse with Office

    Available immediately is nearly 10,300 square feet of warehouse space, complemented by an additional 1,100 square feet of office space and storage. The property features private parking at the front of the building, with street parking also available. Additional space is located at the rear of the building for parking or storage containers. The location provides convenient access to Route 1/9 and is in close proximity to Newark Airport and the New Jersey Turnpike. It is also situated 15 miles from Port Elizabeth and Port Newark. The property is zoned for industrial use and is located in Rahway City, NJ.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Warehouse, Kansole, CTI Logistics, CubeSmart Self Storage, Extra Space Storage

    Location Insight

    • Map
    • Local Demand
    City
    Rahway
    County
    Union
    State
    New Jersey
    Longitude
    -74.27472
    Latitude
    40.59579

    Nearby Similar for Lease

    • $2,800 /Mo

      Move-in Ready Ground Floor Unit

      Three-bedroom, one-bath unit with modern updates and shared backyard.
      280 William St, Rahway, NJ 07065
      View Details
    • Contact for pricing
      4,811 SF

      Rahway Office & Retail Space

      Prime Rahway location, diverse spaces available.
      1420 Irving St, Rahway, NJ 07065
      View Details
    • $2,100 /Mo

      Spacious Apartment with Laundry Facilities

      Second-floor apartment with laundry, backyard, and convenient location.
      280 Kearney Ave, Rahway, NJ 07065
      View Details
    • Contact for pricing
      1,384 SF

      Retail Space in Downtown Rahway

      Retail space with venting in transit-oriented downtown Rahway.
      81 Monroe St, Rahway, NJ 07065
      View Details
    • $1,650 /Mo

      Rahway One-Bedroom Apartment Rental

      One-bedroom apartment in Rahway, near shopping and transportation.
      1300 Pierce St, Rahway, NJ 07065
      View Details
    • $2,650 /Mo

      Rahway Two-Bedroom Unit For Rent

      Two-bedroom unit with modern amenities and off-street parking.
      1727 Park St, Rahway, NJ 07065
      View Details
    • Contact for pricing
      25,118 SF

      Industrial Warehouse Space Available

      25,118 SF industrial warehouse with loading docks and drive-in.
      721 E Lincoln Ave, Rahway, NJ 07065
      View Details
    • Contact for pricing
      981 SF

      Retail Spaces Available for Lease

      Multiple retail units available in Rahway, New Jersey.
      88-160 Lincoln Hwy, Rahway, NJ 07065
      View Details
    • $2,200 /Mo

      Two Bedroom Apartment For Rent

      Bright, sunny two-bedroom apartment with laundry and backyard access.
      747 Linden Ave, Rahway, NJ 07065
      View Details
    • $2,375 /Mo

      Rahway Multifamily Property for Rent

      Multifamily property available for rent in Rahway, New Jersey.
      958 Main St, Rahway, NJ 07065
      View Details
    • Contact for pricing
      2,000 SF

      Rahway Warehouse Space Available

      2000 square foot warehouse space for rent in Rahway.
      187 Wescott Dr, Rahway, NJ 07065
      View Details
    • $22 SF/Yr
      1,997 SF

      Rahway Office Space For Rent

      1997 square feet of office space available for lease.
      1600 Saint Georges Ave, Rahway, NJ 07065
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse space with office and storage near major transportation routes.
    Where is this warehouse located?
    The property is located at 868 Elston St Rahway, NJ.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - 10,300 sq ft warehouse space with 1,100 sq ft office/storage.; - Conveniently located off Rt 1/9, near Newark Airport and NJ Turnpike.; - Proximity to Port Elizabeth and Port Newark (15 miles).
    (800) 654-6673
    Request Owner's contact information
    868 Elston St Rahway, NJ 07065
    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.
    868 Elston St
    Rahway, NJ 07065
    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
    868 Elston St Rahway, NJ 07065
    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

    We can help!
    Listing Contact
    FRANK DELLA FEMINA III
    (800) 654-6673
    Learn more
    Google sign-in failed. Please try again or use another login method.