Tool And Die Manufacturing
For Sale
Contact for pricing
1252 South Ave, Plainfield, NJ 07062
Former tool and die facility with use authorization from the City of Plainfield.
Property Size1,400 SF
Price / SF$2.61
Days on Market54
Property Features for 1252 South Ave
General Information
Standard status
Active
Size
1,400 SF
Building Details
Year Built
1949
Listing Agency:
NEXTHOME NEW PROSPECTS REALTY
Listed By:
STEVEN MERLO · License #1537994,PersonLicenseNumber
(908) 403-0300
Source:
Luminancerealty
Added: Aug 24
Changed: Oct 10
Last Checked: Oct 5 at 10:57PM
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 NEXTHOME NEW PROSPECTS REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This manufacturing property is a former tool and die shop located at 1252 South Ave in Plainfield City, New Jersey. The building dates to 1949 and is available for any use authorized by the City of Plainfield.
Key Highlights
- Former tool and die shop
- Use authorized by the City of Plainfield
- 1949 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,714
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,280
$314.3K
Cap Rate 7%
$224,486
$224.5K
Cap Rate 9%
$174,600
$174.6K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$23.9K $17.04/SF
− Vacancy
−$1.4K −$1.01/SF
EGI
$22.4K $16.03/SF
− OpEx
−$6.7K −$4.81/SF
NOI
$15.7K $11.22/SF
Area
Union County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,280
Cap Rate 7%
$224,486
Cap Rate 9%
$174,600
Alternative Uses
Best Use
Industrial
$224.5K
$196.4K – $261.9K
NOI $15,714 @ 7.0% cap · market cap 430.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.6K
$319.9K – $426.5K
NOI $25,590 @ 7.0% cap · market cap 701.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 07062, NJ
14,196
Population
4,960
Households
2.9
Avg Household Size
37
Median Age
31%
College-Educated
82%
High-School Grad
1.9 sq mi
ZIP Area
7,472
Density / Sq Mi
$92,711
Median Household Income
$40,541
Median Earnings
$1,794
Median Rent
$374,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Former tool and die facility with use authorization from the City of Plainfield.
Where is this manufacturing property located?
The property is located at 1252 South Ave Plainfield, NJ.
What are key features of this property?
This property features: Former tool and die shop; Use authorized by the City of Plainfield; 1949 construction
