639-643 South Ave, Garwood, NJ
10,600 SF warehouse with 18' ceilings and drive-in doors.
- Added:
- May 16, 2024
- Days on Market:
- 755
- Last Refresh:
- May 19 at 8:40 pm
Property Features for 639-643 South Ave
General Information
- Standard status
- Active
- Size
- 10,600 SF
- Lot size
- 0.28 Acres
- Property subtype
- INDUSTRIAL
Listing agent Jason, M. Crimmins, License #0341793 (973) 379-6644
Listing office The Blau & Berg Company (973) 379-6644
Listing date May 16, 2024
Source Moodyscre
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
HighLights
- Large ±10,600 SF Building Size
- Benefit from 3 Large Drive‑In Doors
- 18' Ceiling Height
- 3 Phase Power
- Property Currently Vacant
- Small Office
Overview
Local 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 | $180.6k | $17.04 |
| − Vacancy | −$10.7k | −$1.01 |
| EGI | $170.0k | $16.03 |
| − OpEx | −$25.5k | −$2.41 |
| NOI | $144.5k | $13.63 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Garwood
- County
- Union
- State
- New Jersey
- Longitude
- -74.3319
- Latitude
- 40.6504
