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$182.78
Days on Market86
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: Aug 24
Last Checked: Sep 8 at 8:24AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$245,591
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 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 authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Flavor Bliss Catering Services — 42 Broad St, Elizabeth, NJ 07202
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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 $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
