Warehouse and Storefront with
113 ELIZABETH AVE Unit 9999 Elizabeth, NJ 07206
113 ELIZABETH AVE Unit 9999, Elizabeth, NJ, 07206
$1,300,000
For Sale
$1,300,000
A 3,100 sq ft warehouse/storefront with 18 ft ceilings on a 50x100 lot, plus two renovated apartments above.
Property Size9,999 SF
Lot Size0.11 Acres
Price / SF$130.01
Days on Market156
Property Features for 113 ELIZABETH AVE Unit 9999
General Information
- Standard status
- Active
- Size
- 9,999 SF
- Lot size
- 0.11 Acres
- Property subtype
- General Commercial
Listing agency
KYM REALTY GROUP LLC
(908) 991-3912
Listed by
MILAGROS ALVAREZ · License #298659
Source
Xome
Added: Feb 15 Updated: Jul 20 at 6:23PM Checked: Jul 21 at 3:13AM
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 KYM REALTY GROUP LLC
Investment Insights
Based on property information with market context.
This property combines a warehouse/storefront with two fully renovated 2-bedroom residential apartments above. The warehouse component offers 18 ft ceiling height and is suited for a range of light commercial uses, including retail, light industrial, distribution, or contractor operations, based on the layout and versatility described in the offering. All units are vacant, supporting immediate flexibility for an owner-operator or investor.
The building sits on a 50x100 lot. Both residential units are described as move-in ready following renovation, and the property is positioned for live/work use or rental income generation.
Offered for sale as a multi-use structure with separate functional components, the property provides a combined commercial and residential configuration in one address.
The building sits on a 50x100 lot. Both residential units are described as move-in ready following renovation, and the property is positioned for live/work use or rental income generation.
Offered for sale as a multi-use structure with separate functional components, the property provides a combined commercial and residential configuration in one address.
Key Highlights
- 3,100 sq ft warehouse/storefront with 18 ft ceiling height
- Two fully renovated 2‑bedroom residential apartments above the commercial space
- All units are vacant, allowing immediate occupancy or rental setup
Local Financial Insights For Flex RnD
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 | $192.0k | $19.20 |
| − Vacancy | −$13.4k | −$1.34 |
| EGI | $178.5k | $17.86 |
| − OpEx | −$62.5k | −$6.25 |
| NOI | $116.1k | $11.61 |
9,999 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$1.98M
$1.73M – $2.31M
NOI $138,334 @ 7.0% cap · market cap 10.64%
Second Best
Warehouse
$1.95M
$1.71M – $2.27M
NOI $136,426 @ 7.0% cap · market cap 10.49%
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,251 @ 7.0% cap · market cap 19.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Lydia's Heavenly Eats — 150 Park Pl, Elizabethport, NJ 07206
FAQs
What type of property is this?
Flex space - A 3,100 sq ft warehouse/storefront with 18 ft ceilings on a 50x100 lot, plus two renovated apartments above.
Where is this flex space located?
The property is located at 113 ELIZABETH AVE Unit 9999 Elizabeth, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,100 sq ft warehouse/storefront with 18 ft ceiling height; Two fully renovated 2‑bedroom residential apartments above the commercial space; All units are vacant, allowing immediate occupancy or rental setup
