Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Phillipsburg Warehouse with Office Space Title is generated by Realmo AI

    2000 Rand Blvd, Phillipsburg, NJ

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Sublease opportunity: 175,055 SF warehouse with office, available now.

    Type:INDUSTRIAL
    Property size:
    92,555 SF
    Lot size:
    14.61 Acres
    Added:
    Sep 11, 2023
    Days on Market:
    997
    Last Refresh:
    May 19 at 10:57 pm

    Property Features for 2000 Rand Blvd

    General Information

    Standard status
    Active
    Size
    92,555 SF
    Lot size
    14.61 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 2000 Rand Blvd Contact us

    We can help!

    Listing Contact
    Thomas
    Thomas " Tom" Monahan

    Listing agent Thomas " Tom" Monahan

    Listing office CBRE | Saddle Brook

    Listing date Sep 11, 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 CBRE | Saddle Brook

    HighLights

    • 175,055 SF Available Now
    • Benefit from a 36' Ceiling Height
    • Features 32 Loading Docks
    • 140 Car Parking Spaces, with 205 Stalls Available within the Park
    • Building dimensions of 700' x 250'
    • Security System & Fully Fenced

    Overview

    Available for sublease is a 175,055 square foot warehouse, which includes a 3,423 square foot main office area and a 703 square foot receiving office area. The building dimensions are 700 feet by 250 feet, with a 130 foot 6 inch truck court depth and a 36 foot ceiling height. Column spacing is 55 feet by 44 feet 6 inches (60 foot speed bay). The property features 32 loading docks and 2 drive-in doors. There are 140 car parking spaces on site, with an additional 205 stalls available within the park. The property is fully fenced and equipped with a security system. Furniture is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • Storage Systems USA — 400 Heckman St, Phillipsburg, NJ 08865
    • Venus warehousing — 224 Stockton St, Phillipsburg, NJ 08865
    • Cash Cow Storage — 340 Fleming Dr, Phillipsburg, NJ 08865

    Location Insight

    • Map
    • Local Demand
    City
    Phillipsburg
    County
    Warren
    State
    New Jersey
    Longitude
    -75.1472
    Latitude
    40.7083

    Nearby Similar for Lease

    • $1,000/Mo
      416 SF

      Phillipsburg Town Retail Space Available

      Versatile commercial space suitable for various retail businesses.
      443 S Main St, Phillipsburg Town, NJ 08865-3030
      View Details
    • $3,000/Mo
      1,400 SF

      Phillipsburg Commercial Space For Rent

      Versatile commercial space with garage, office, and convenient location.
      Phillipsburg Town, NJ 08865-3457
      View Details
    • $1,500/Mo
      1,400 SF

      Phillipsburg Commercial Space For Rent

      Versatile commercial space with garage, office, and convenient location.
      Phillipsburg Town, NJ 08865-3457
      View Details
    • $2,400/Mo

      Phillipsburg Town Office Space Available

      First floor office space with multiple offices and conference room.
      372 S Main St, Phillipsburg Town, NJ 08865-3017
      View Details
    • Contact for pricing
      6,548 SF

      Professional Office Building For Lease

      6,548 SF professional office building, ready for immediate occupancy.
      1000 Coventry Dr, Lopatcong Twp., NJ 08865-1980
      View Details
    • $2,400/Mo
      3,600 SF

      High-Visibility Commercial Space Near Easton

      3,600 sq ft commercial space in high-traffic location.
      481 Memorial Pkwy, Phillipsburg Town, NJ 08865
      View Details
    • $2,500/Mo
      1,443 SF

      Freestanding Office Space Available

      Highly visible office space in Phillipsburg, suitable for various uses.
      707 New Brunswick, Pohatcong, NJ 08865
      View Details
    • Contact for pricing
      1,443 SF

      Freestanding Office Space Available

      Highly visible professional office space in Phillipsburg, NJ for lease.
      707 New Brunswick Avenue, Pohatcong, NJ 08865
      View Details
    • $1,500/Mo
      1,400 SF

      Versatile Commercial Space For Rent

      1400 sq ft commercial space with garage and office.
      812 S Main St, Phillipsburg Town, NJ 08865
      View Details
    • $1,200/Mo

      Office Space on South Main

      Commercial office space for rent with parking and renovated office.
      812 S Main St, Phillipsburg Town, NJ 08865
      View Details
    • $2,200/Mo

      Renovated Three-Bedroom Apartment in Phillipsburg

      Fully renovated 3-bedroom apartment with modern amenities and ample parking.
      31 Glen Ave, Phillipsburg, NJ 08865-2422
      View Details
    • $3,000/Mo
      3,400 SF

      Accessible Commercial Storage Space

      3,400 sq ft storage space on South Main Street.
      1402 S Main St, Pohatcong Twp., NJ 08865
      View Details

    FAQs

    What type of property is this?
    Warehouse - Sublease opportunity: 175,055 SF warehouse with office, available now.
    Where is this warehouse located?
    The property is located at 2000 Rand Blvd Phillipsburg, NJ.
    What are key features of this property?
    This property features: 175,055 SF Available Now; Benefit from a 36' Ceiling Height; Features 32 Loading Docks
    (973) 568-6614 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas
    Thomas " Tom" Monahan
    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

    Thank You for Inquiry
    2000 Rand Blvd, Phillipsburg, NJ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!