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

    745 Joyce Kilmer Ave New Brunswick, NJ

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

    138,000 SF industrial warehouse with expansion plans available.

    Type:INDUSTRIAL
    Property size:
    138,000 SF
    Lot size:
    10.75 Acres
    Added:
    May 5, 2025
    Days on Market:
    358
    Last Refresh:
    Apr 5 at 9:46 pm

    Property Features for 745 Joyce Kilmer Ave

    General Information

    Standard status
    Active
    Size
    138,000 SF
    Lot size
    10.75 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Maurice Schemo
    Maurice Schemo

    Listing agent Maurice Schemo

    Listing office Greiner-Maltz Real Estate - Corporate

    Listing date May 5, 2025

    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 Greiner-Maltz Real Estate - Corporate

    Overview

    Industrial Warehouse with Expansion Potential

    This 138,000 square foot industrial warehouse features masonry construction and ceiling heights ranging from 14 to 24 feet, with an average clear ceiling height of 19 feet. The property is equipped with a wet sprinkler system, city water and sewer connections, and natural gas heating. It includes 8 loading docks and 6 drive-in bays. The property benefits from heavy power, supported by a 4,000 amp substation, which may provide lower rates. Zoned I-1, the property also has architect's expansion plans available for an additional 40,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glory Tires (Bike/Boat/Book/etc) Store White Lotus Home ... Furniture & Home Goods

    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

    • US Relocation, Inc. — 317 George St Suite 320, New Brunswick, NJ 08901
    • Record Nations — 317 George St Suite 320, New Brunswick, NJ 08901
    • Crown Fine Art New Jersey | Packing, Shipping, Storage and Logistics — 409 Joyce Kilmer Ave Suite #307, New Brunswick, NJ 08901
    • Franklin Reliable Movers — 170 Hamilton St, New Brunswick, NJ 08901

    Location Insight

    • Map
    • Local Demand
    City
    New Brunswick
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4656
    Latitude
    40.4758

    Nearby Similar for Sale

    • $2,000
      3,392 SF

      Downtown New Brunswick Office Space

      Office space in downtown New Brunswick, suitable for professional services.
      127 Livingston Avenue, New Brunswick, NJ 08901
      View Details
    • $800,000
      2,235 SF

      New Brunswick Multifamily Opportunity

      Multifamily property for sale in New Brunswick, New Jersey.
      168 Throop Avenue, New Brunswick, NJ 08901
      View Details
    • $649,900
      2,346 SF

      New Brunswick Two-Family Property

      Two-unit property with renovation and expansion potential in New Brunswick.
      65 Hale Street, New Brunswick, NJ 08901
      View Details
    • $649,900
      2,084 SF

      Well-Maintained New Brunswick Multifamily Property

      Two-family property with income potential near Rutgers University.
      267 Townsend Street, New Brunswick, NJ 08901
      View Details
    • $3,000
      7,020 SF

      Medical Office Near Saint Peters

      Large medical office space near Saint Peters Hospital.
      222 Easton Avenue unit: B, New Brunswick, NJ 08901
      View Details
    • $8,500
      4,524 SF

      New Brunswick Office Space Available

      Office space across from RWJ hospital, perfect for health services.
      177 Somerset Street, New Brunswick, NJ 08901
      View Details
    • $2,400
      1,150 SF

      New Brunswick Office/Mixed Use Space

      Open-concept office/mixed-use space with ample parking and excellent visibility.
      120 Georges Road unit: B, New Brunswick, NJ 08901
      View Details
    • $1,500,000
      4,752 SF

      New Brunswick Multifamily Investment Opportunity

      18-unit rooming house with strong cash flow near Rutgers.
      163 Livingston Avenue, New Brunswick, NJ 08901
      View Details
    • $399,000

      Two-Family Rebuild Opportunity

      Rebuild opportunity near universities and hospitals.
      259 Hale Street, New Brunswick, NJ 08901
      View Details
    • $1,500,000
      4,752 SF

      New Brunswick 18-Unit Investment Opportunity

      18-unit licensed rooming house with strong cash flow.
      163 Livingston Ave, New Brunswick City, NJ 08901-2962
      View Details
    • $525,000
      1,763 SF

      New Brunswick Multifamily Investment Opportunity

      Well-maintained two-unit property near Rutgers University and downtown.
      314 Seaman Street, New Brunswick, NJ 08901
      View Details
    • $580,000
      1,928 SF

      New Brunswick Multifamily Opportunity

      Multifamily property for sale in New Brunswick, New Jersey.
      183 Seaman Street, New Brunswick, NJ 08901
      View Details

    FAQs

    What type of property is this?
    Warehouse - 138,000 SF industrial warehouse with expansion plans available.
    Where is this warehouse located?
    The property is located at 745 Joyce Kilmer Ave New Brunswick, NJ.
    What are key features of this property?
    This property features: Heavy Power: 4,000 Amps substation (lower rates); 8 Loading Docks / 6 Drive‑In Bays; Architect's expansion plans for additional 40,000 SF
    (718) 786-5050 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Maurice Schemo
    Maurice Schemo
    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!