Industrial Warehouse with Production
For Sale
Contact for pricing
10 W MRAVLAG PL, Elizabeth, NJ 07201
Industrial facility with warehouse, production/finishing area, office space, and multiple overhead doors.
Property Size18,000 SF
Price / SF$158.33
Days on Market131
Property Features for 10 W MRAVLAG PL
General Information
Standard status
Active
Size
18,000 SF
Property subtype
Industrial
Zoning
HC (Highway Commercial)
Warehouse & Industrial
Clear Height
16 ft
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1950
Buildings
1
Units
64
Listing Agency:
KW Commercial
Listed By:
Cheryl Darmanin · License #1111786
(917) 696-0802
Source:
Crexi
Added: Jun 15
Changed: Oct 11
Last Checked: Oct 23 at 6:51AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$245,591
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,911,820
$4.9M
Cap Rate 7%
$3,508,443
$3.5M
Cap Rate 9%
$2,728,789
$2.7M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$306.7K $17.04/SF
− Vacancy
−$17.8K −$0.99/SF
EGI
$288.9K $16.05/SF
− OpEx
−$43.3K −$2.41/SF
NOI
$245.6K $13.64/SF
Area
Elizabeth, NJ
Vacancy
5.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,911,820
Cap Rate 7%
$3,508,443
Cap Rate 9%
$2,728,789
Alternative Uses
Best Use
Warehouse
$3.51M
$3.07M – $4.09M
NOI $245,591 @ 7.0% cap · market cap 8.62%
Second Best
Flex RnD
$2.98M
$2.61M – $3.48M
NOI $208,915 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$6.67M
$5.83M – $7.78M
NOI $466,698 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16 ft
Clear height
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,490
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07201, NJ
29,390
Population
10,404
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
4,592
Density / Sq Mi
$62,026
Median Household Income
$33,092
Median Earnings
$1,476
Median Rent
$413,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Flavor Bliss Catering Services — 42 Broad St, Elizabeth, NJ 07202
- UMUTfoodsupplier.com — 899 E Jersey St, New York, NJ 07201
Frequently Asked Questions
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 $2,850,000.
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
