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    Plainfield Industrial/Flex Building For Sale Title is generated by Realmo AI

    700-710 North Avenue, Plainfield, NJ 07602

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    18,000 SF industrial/flex building in Plainfield's Netherwood District.

    Type:Industrial
    Property size:
    18,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    179
    Last Refresh:
    Dec 3 at 6:13 am

    Property Features for 700-710 North Avenue

    General Information

    Standard status
    Active
    Size
    18,000 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Sammy Younis
    Sammy Younis

    Listing agent Sammy Younis License #0629757

    Listing office RE/MAX Southwest

    Listing date Nov 21, 2025

    Source Naihanson

    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 RE/MAX Southwest

    HighLights

    • Located in an Urban Enterprise Zone and Opportunity Zone, offering potential tax advantages.
    • Proximity to major highways and the Netherwood train station provides exceptional accessibility.
    • 18,000 SF industrial/flex building with 2,200 SF of office space.
    • Features two drive‑in doors and a fenced outdoor storage yard.
    • Located in Plainfield’s Transit‑Oriented Development Netherwood District, a designated redevelopment corridor.
    • Move‑in‑ready facility with 11’6” - 15’ clear ceiling height and 200a, 3‑phase power.

    Overview

    Located in Plainfield’s Transit-Oriented Development Netherwood District, this 18,000 SF industrial/flex building includes 2,200 SF of office space. The property features two drive-in doors (10’ x 10’ and 9’ x 7’) and a fenced outdoor storage yard. The building has two stories and ceiling heights ranging from 11’6” to 15’ clear. There are 9 parking spaces available. The property is located along Plainfield’s revitalized North Avenue corridor, offering accessibility and visibility for industrial and flex users. It is situated minutes from Route 22, I-78, I-287, I-280, and the Garden State Parkway, providing connections to regional distribution hubs across New Jersey and New York. The site is located within an Urban Enterprise Zone, Opportunity Zone, and a designated redevelopment corridor. The property is zoned Trainside Commercial Zone (TSC), a subdistrict of the Transit-Oriented Development Netherwood District. The power is 200a, 3-phase. The land size is approximately 0.63 acres. Taxes for 2024 are $13,098.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • 5IVECHEFS CATERERS — 1041 South Ave, Plainfield, NJ 07062
    • Danielle's Delivery — 1234 Somewhere, Nowhere, 1200 South Ave, Plainfield, NJ 07062
    • Lighthouse Catering Services — 230 Johnston Ave, Plainfield, NJ 07062

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.409352
    Latitude
    40.625998

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      18,000 SF

      Plainfield Flex/Industrial Opportunity

      Functional flex/industrial building in Plainfield's Transit-Oriented Development Netherwood District.
      700-710 North Avenue, Plainfield, NJ 07602
      View Details
    • Contact for pricing
      18,000 SF

      Plainfield Flex/Industrial Opportunity

      Functional flex/industrial building in Plainfield's Transit-Oriented Development Netherwood District.
      700-710 North Avenue, Plainfield, NJ 07602
      View Details

    FAQs

    What type of property is this?
    Flex space - 18,000 SF industrial/flex building in Plainfield's Netherwood District.
    Where is this flex space located?
    The property is located at 700-710 North Avenue Plainfield, NJ.
    What are key features of this property?
    This property features: Located in an Urban Enterprise Zone and Opportunity Zone, offering potential tax advantages.; Proximity to major highways and the Netherwood train station provides exceptional accessibility.; 18,000 SF industrial/flex building with 2,200 SF of office space.
    (201) 488-5800
    We can help!
    Listing Contact
    Sammy Younis
    Sammy Younis
    Real Estate License ID: 0629757
    Learn More
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    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.

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