Industrial Warehouse with Production
10 W MRAVLAG PL Elizabeth, NJ 07201
10 W MRAVLAG PL, Elizabeth, NJ, 07201
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For Sale
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Industrial facility with warehouse, production/finishing area, office space, and multiple overhead doors.
Property Size18,000 SF
Price / SF$182.78
Days on Market38
Property Features for 10 W MRAVLAG PL
General Information
- Standard status
- Active
- Size
- 18,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1950
Listing agency
KW Commercial
(917) 696-0802
Listed by
Cheryl Darmanin · License #1111786
Source
Crexi
Added: Jun 15 Updated: Jul 21 at 7:07PM Checked: Jul 21 at 7:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial
Investment Insights
Based on property information with market context.
10 W. Mravlag Place is an approximately 18,000 SF industrial facility offering a mix of warehouse, production, office, and storage space. The building includes clear heights of approximately 12 to 16 feet, three overhead doors, a dedicated production/finishing area, and more than five private offices. Interior features include multiple flexible-use workspaces, three restrooms, substantial storage areas, and a sprinkler system throughout most of the building.
The property is located in Elizabeth and provides convenient regional access to the New Jersey Turnpike, Routes 1 & 9, Newark Liberty International Airport, and the Port Newark-Elizabeth Marine Terminal.
This configuration supports a functional layout for users seeking both production and office support within a single industrial building.
The property is located in Elizabeth and provides convenient regional access to the New Jersey Turnpike, Routes 1 & 9, Newark Liberty International Airport, and the Port Newark-Elizabeth Marine Terminal.
This configuration supports a functional layout for users seeking both production and office support within a single industrial building.
Key Highlights
- Approximately 18,000 SF industrial facility with warehouse, production/finishing, office, and storage space
- Clear heights of approximately 12 to 16 feet, plus 3 overhead doors
- Dedicated production/finishing area and multiple flexible‑use workspaces
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $306.7k | $17.04 |
| − Vacancy | −$17.8k | −$0.99 |
| EGI | $288.9k | $16.05 |
| − OpEx | −$43.3k | −$2.41 |
| NOI | $245.6k | $13.64 |
18,000 SF · lease $17.04/SF/yr · vacancy 5.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.51M
$3.07M – $4.09M
NOI $245,591 @ 7.0% cap · market cap 7.46%
Second Best
Flex RnD
$2.98M
$2.61M – $3.48M
NOI $208,915 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$6.67M
$5.83M – $7.78M
NOI $466,698 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bell'arte Inc
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Flavor Bliss Catering Services — 42 Broad St, Elizabeth, NJ 07202
- UMUTfoodsupplier.com — 899 E Jersey St, New York, NJ 07201
FAQs
What type of property is this?
Flex space - Industrial facility with warehouse, production/finishing area, office space, and multiple overhead doors.
Where is this flex space located?
The property is located at 10 W MRAVLAG PL Elizabeth, NJ.
What is the asking price?
The asking price for this property is $3,290,000.
What are key features of this property?
This property features: Approximately 18,000 SF industrial facility with warehouse, production/finishing, office, and storage space; Clear heights of approximately 12 to 16 feet, plus 3 overhead doors; Dedicated production/finishing area and multiple flexible‑use workspaces
