Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 Metuchen Rd South Plainfield, NJ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    53,000 SF warehouse on 5 acres with ample parking.

    Type:INDUSTRIAL
    Property size:
    53,000 SF
    Lot size:
    5.05 Acres
    Price / SF:
    $226/SF
    Added:
    Jan 25, 2023
    Days on Market:
    1190
    Last Refresh:
    Apr 5 at 9:33 pm

    Property Features for 500 Metuchen Rd

    General Information

    Standard status
    Active
    Size
    53,000 SF
    Lot size
    5.05 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 500 Metuchen Rd Contact us

    We can help!

    Listing Contact
    Gregory Irving
    Gregory Irving

    Listing agent Gregory Irving

    Listing office Bussell Realty Corp

    Listing date Jan 25, 2023

    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 Bussell Realty Corp

    Overview

    Warehouse with Truck Parking

    This warehouse property, situated on a 5-acre lot, offers 53,000 square feet of space. The property features extra truck parking and is fully racked. It includes 3,000 square feet of office space. The warehouse is equipped with 4 tailboards and 1 drive-in door. Ceiling heights range from 14 to 20 feet. A dry sprinkler system is in place, and the property has heavy power capabilities. The property is available for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Savona Tiles Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    South Plainfield
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4044
    Latitude
    40.5716

    Nearby Similar for Sale

    • $1,850,000
      3,500 SF

      Established Auto Repair Business For Sale

      Profitable auto repair business with real estate in South Plainfield.
      2210 Park Avenue unit: 2114, South Plainfield, NJ 07080
      View Details
    • $1,850,000
      3,500 SF

      Established Auto Repair Business For Sale

      Profitable auto repair business with real estate in South Plainfield.
      2210 Park Ave, South Plainfield Boro, NJ 07080-5403
      View Details
    • $1,600
      1,200 SF

      Modern Office Space Available

      New construction office suite with flexible layout and accessibility.
      1400 Hamilton Boulevard, South Plainfield, NJ 07080
      View Details
    • $1,600

      Modern Office Space Available

      New construction office space with flexible layout and accessibility.
      1400 Hamilton Blvd, South Plainfield Boro, NJ 07080
      View Details
    • $1,450
      854 SF

      South Plainfield Professional Office Suite

      Professional office suite with reception area in South Plainfield.
      1550 Park Avenue unit: 202, South Plainfield, NJ 07080
      View Details
    • $1,800
      1,000 SF

      South Plainfield Commercial Space Available

      Highly visible commercial space suitable for office or retail use.
      114 E Hendricks Boulevard, South Plainfield, NJ 07080
      View Details
    • $1,995
      1,500 SF

      Versatile Commercial Space For Sale

      1,500 sq ft commercial space in prime corner location.
      189 Front Street, South Plainfield, NJ 07080
      View Details
    • $22
      25,000 SF

      South Plainfield Warehouse Space

      25,000 sq ft warehouse in M-3 Industrial Zone.
      3461 S Clinton Avenue S, South Plainfield, NJ 07080
      View Details
    • $1,850,000
      3,500 SF

      Established Auto Repair Business For Sale

      Profitable European auto repair business with real estate included.
      2210 Park Ave, South Plainfield Boro, NJ 07080
      View Details
    • $1,500
      1,152 SF

      Renovated Storefront in Business District

      Renovated storefront in main business district with parking.
      174-176 Front Street, South Plainfield, NJ 07080
      View Details
    • $3,000,000

      South Plainfield Commercial Land Opportunity

      4-acre commercial property in South Plainfield, New Jersey.
      128 Oak Tree Avenue, South Plainfield, NJ 07080
      View Details
    • Contact for pricing
      1,000 SF

      Versatile Commercial Space Available Now

      Highly visible location suitable for office or retail use.
      114 East Hendricks Boulevard, South Plainfield, NJ 07080
      View Details

    FAQs

    What type of property is this?
    Warehouse - 53,000 SF warehouse on 5 acres with ample parking.
    Where is this warehouse located?
    The property is located at 500 Metuchen Rd South Plainfield, NJ.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: Available immediately; Extra truck parking; Heavy power
    (908) 578-8001 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gregory Irving
    Gregory Irving
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!