Warehouse-Style Flex
For Sale
$799,000
655 Saint George Ave, Roselle, NJ 07203
Renovated flex space with five garage doors, multiple on-site parking spots, and additional backyard space.
Property Size3,306 SF
Price / SF$241.68
Days on Market693
Property Features for 655 Saint George Ave
General Information
Standard status
Active
Size
3,306 SF
Additional Details
Road Access
Yes
Drive-In Doors
5
Taxes and HOA fees
Annual Taxes
$22,015
Listing Agency:
PINN REALTY INC
(908) 585-4111
Listed By:
BORUCH HALPERN
Source:
Exprealty
Added: Nov 26, 2024
Changed: Oct 11
Last Checked: Oct 19 at 8:39AM
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 PINN REALTY INC
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Investment Insights
Based on property information with market context.
This renovated warehouse-style flex building has been configured for a mix of uses, including office, retail, gym, and warehouse functions. The space includes five garage doors and several on-site parking spots, with additional space available in the backyard. Previously, the property was used for warehouse storage and most recently operated as a physical therapy office.
The property is located on a high-traffic main road with visibility, and it includes a freestanding sign on Saint George Ave for business advertising. Prospective buyers should verify use and requirements with the City prior to entering into any contracts.
The property is located on a high-traffic main road with visibility, and it includes a freestanding sign on Saint George Ave for business advertising. Prospective buyers should verify use and requirements with the City prior to entering into any contracts.
Key Highlights
- Renovated office/retail/gym/warehouse flex space
- Includes five garage doors
- Multiple on‑site parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,058
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,160
$1.0M
Cap Rate 7%
$729,400
$729.4K
Cap Rate 9%
$567,311
$567.3K
Market Conditions
NOI Build-Up for 3,306 SF
Gross rent
$89.3K $27.00/SF
− Vacancy
−$10.7K −$3.24/SF
EGI
$78.6K $23.76/SF
− OpEx
−$27.5K −$8.32/SF
NOI
$51.1K $15.44/SF
Area
Union County, NJ
Vacancy
12.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,160
Cap Rate 7%
$729,400
Cap Rate 9%
$567,311
Alternative Uses
Best Use
Flex RnD
$729.4K
$638.2K – $851.0K
NOI $51,058 @ 7.0% cap · market cap 6.39%
Second Best
Warehouse
$643.7K
$563.2K – $751.0K
NOI $45,059 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$863.3K
$755.4K – $1.01M
NOI $60,428 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
868
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07203, NJ
22,715
Population
8,430
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
85%
High-School Grad
2.6 sq mi
ZIP Area
8,737
Density / Sq Mi
$82,967
Median Household Income
$45,458
Median Earnings
$1,499
Median Rent
$336,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Weiss Brothers Catering — 543 Pennsylvania Ave, Linden, NJ 07036
- Good Shepherd Haitian Restaurant — 1314 E St Georges Ave, Linden, NJ 07036
- Sabrina's Catering Delights — Roselle, NJ 07203
- T-TAB Cuisine — 421 Jouet St, Roselle, NJ 07203
Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex space with five garage doors, multiple on-site parking spots, and additional backyard space.
Where is this flex space located?
The property is located at 655 Saint George Ave Roselle, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Renovated office/retail/gym/warehouse flex space; Includes five garage doors; Multiple on‑site parking spots
