Refrigerated Warehouse Space
For Sale
Contact for pricing
1161 E Broad St, Elizabeth, NJ
30,000 SF industrial building with refrigerated and processing areas.
Property Size30,000 SF
Lot Size0.55 Acres
Price / SF$225
Days on Market806
Property Features for 1161 E Broad St
General Information
Standard status
Active
Size
30,000 SF
Lot size
0.55 Acres
Property subtype
INDUSTRIAL
Listing Agency:
The Blau & Berg Company
(973) 568-6611
Listed By:
Jason M. Crimmins · License #0341793
(973) 568-6611
Source:
Moodyscre
Added: May 16, 2024
Changed: Jul 10
Last Checked: Jul 21 at 6:39AM
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 The Blau & Berg Company
Investment Insights
Based on property information with market context.
This industrial property features a total building size of approximately 30,000 square feet. The property includes roughly 4,000 square feet of refrigerated space and a 3,050 square foot blast freezer. There is also an estimated 7,000 square feet dedicated to processing, 9,710 square feet of dry space, and 4,000 square feet of office space. The loading area measures approximately 2,240 square feet with a depth of 56 feet. The building is equipped with 1,200 amps of 480/277 volts power. It also features 3 interior loading docks and 3 drive-in doors, with ceiling heights ranging from 12 to 14 feet. Additional amenities include full locker rooms and a cafeteria. Holding freezers can be converted into coolers, if necessary. The property taxes for 2023 were $101,833.20.
Key Highlights
- ±30,000 SF Total Building Size
- Benefit from ±4,000 SF of Refrigerated Space, plus ±3,050 SF Blast Freezer
- Includes ±7,000 SF Processing Area
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 | $511.2k | $17.04 |
| − Vacancy | −$29.6k | −$0.99 |
| EGI | $481.6k | $16.05 |
| − OpEx | −$72.2k | −$2.41 |
| NOI | $409.3k | $13.64 |
30,000 SF · lease $17.04/SF/yr · vacancy 5.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.85M
$5.12M – $6.82M
NOI $409,318 @ 7.0% cap · market cap 6.06%
Second Best
Industrial
$4.82M
$4.21M – $5.62M
NOI $337,085 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$11.11M
$9.72M – $12.96M
NOI $777,830 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,064
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Properties on Market for Warehouses in Union County
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Safeguard Self Storage — 140 Spring St, Elizabeth, NJ 07201
- Storage vitaflex — 140 spring st, elizabeth, nj 07202
- Cubing Riri — Dickinson St, Elizabeth, NJ 07201
- ULockStore - Cheap Self Storage Units — 657 fulton st, elizabeth, nj 07206
- matthews moving — 1089 Elizabeth Ave, Elizabeth, NJ 07201
Frequently Asked Questions
What type of property is this?
Warehouse - 30,000 SF industrial building with refrigerated and processing areas.
Where is this warehouse located?
The property is located at 1161 E Broad St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: ±30,000 SF Total Building Size; Benefit from ±4,000 SF of Refrigerated Space, plus ±3,050 SF Blast Freezer; Includes ±7,000 SF Processing Area
