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

    10 Normandy Dr Piscataway, NJ 8854

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

    241,200 SF distribution center with modern features, near I-287.

    Type:Industrial
    Property size:
    241,200 SF
    Added:
    Jan 27, 2026
    Days on Market:
    93
    Last Refresh:
    Dec 3 at 5:00 am

    Property Features for 10 Normandy Dr

    General Information

    Standard status
    Active
    Size
    241,200 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1968

    Spaces For Lease

    at 10 Normandy Dr Contact us

    We can help!

    Listing Contact
    Christopher D. Todd, SIOR

    Listing agent Christopher D. Todd, SIOR

    Listing office NAI James E. Hanson | Teterboro

    Listing date Jan 27, 2026

    Source Naiglobal

    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 NAI James E. Hanson | Teterboro

    Overview

    Piscataway Distribution Center for Lease

    This 241,200 square foot distribution center is located 1.4 miles from I-287 (Exits 8 & 9) and 32.9 miles from Port NJ/NY. The building includes 4,000 square feet of office space, 164 car spaces, and 60 trailer spaces. It features 39 loading docks and 2 drive-in doors. The ceiling clear height is 40 feet, with column spacing of 50'x54' and speedbays of 54'x60'. Power is supplied by a 3,000A, 480V system. The building is equipped with ESFR sprinklers with K-25 heads and gas-fired rooftop HVAC units. There are also 7 EV stations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Piscataway
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.5046
    Latitude
    40.56

    Nearby Similar for Lease

    • $2,100/Mo

      Refreshed Office Condo For Lease

      Ground floor office condo ideal for medical or professional use.
      250 Stelton Rd, Piscataway Twp., NJ 08854-3285
      View Details
    • Sponsored
      Contact for pricing

      Knightsbridge

      30 Knightsbridge Rd, Unit 525, Piscataway, NJ 08854
      View Details
    • $19 SF/Yr

      Piscataway Office Suites For Rent

      Office suites for rent with special zoning for schools/daycare.
      200 Centennial Avenue, Piscataway, NJ 08854
      View Details
    • $21 SF/Yr

      Class A Office Units Available

      Class A office units for lease with flexible terms.
      1 Corporate Place South, Piscataway, NJ 08854
      View Details
    • Contact for pricing

      Medical Office Condos For Lease

      Medical office condos for sale or lease in Piscataway, NJ.
      1-2 Wills Way, Piscataway, NJ 08854
      View Details
    • Contact for pricing

      Medical Office Condos For Lease

      Medical office condos for sale or lease in Piscataway, NJ.
      1-2 Wills Way, Piscataway, NJ 08854
      View Details
    • $4,017/Mo

      Medical Office Space Available

      Medical office space for lease in a two-story building.
      1100 Centennial #102, Piscataway, NJ 08854
      View Details
    • $19 SF/Yr

      Piscataway Corporate Park Office Space

      As-built office units for lease in Piscataway Corporate Park.
      15 Corporate Place South, Piscataway, NJ 08854
      View Details
    • $21 SF/Yr

      Piscataway Office Space For Lease

      Office space for lease with Route 287 exposure.
      240 Old New Brunswick Rd, Piscataway, NJ
      View Details
    • Contact for pricing

      Distribution Center Near I-287

      241,200 SF distribution center with modern features for lease.
      10 Normandy Dr, Piscataway, NJ 08854
      View Details
    • Contact for pricing

      Distribution Warehouse in Central New Jersey

      155,272 SF distribution warehouse with highway frontage and excellent connectivity.
      1551 South Washington Avenue, Piscataway, NJ, 08854
      View Details
    • Contact for pricing

      Piscataway Commercial Space Available

      Commercial space for rent in Piscataway, New Jersey.
      100 Ridge Road, Piscataway, NJ 08854
      View Details

    FAQs

    What type of property is this?
    Distribution center - 241,200 SF distribution center with modern features, near I-287.
    Where is this distribution center located?
    The property is located at 10 Normandy Dr Piscataway, NJ.
    What are key features of this property?
    This property features: 241,200 SF of Available Space in a State‑of‑the‑Art Distribution Center; Benefit from the **40' Ceiling/Clear Height**.; Includes 39 Loading Docks
    (201) 488-5800
    We can help!
    Listing Contact
    Christopher D. Todd, SIOR
    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!