Warehouse-Style Flex
655 Saint George Ave Roselle, NJ 07203
655 Saint George Ave, Roselle, NJ, 07203
$799,000
For Sale
$799,000
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 Market602
Property Features for 655 Saint George Ave
General Information
- Standard status
- Active
- Size
- 3,306 SF
Listing agency
PINN REALTY INC
Listed by
BORUCH HALPERN
Source
Exprealty
Added: Nov 26, 2024 Updated: Jul 21 at 7:17AM Checked: Jul 21 at 7:17AM
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
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
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.3k | $27.00 |
| − Vacancy | −$10.7k | −$3.24 |
| EGI | $78.6k | $23.76 |
| − OpEx | −$27.5k | −$8.32 |
| NOI | $51.1k | $15.44 |
3,306 SF · lease $27.00/SF/yr · vacancy 12.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$729.4K
$638.2K – $851.0K
NOI $51,058 @ 7.0% cap · market cap 6.39%
Second Best
Office B
$722.6K
$632.3K – $843.0K
NOI $50,582 @ 7.0% cap · market cap 6.33%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- T-TAB Cuisine — 421 Jouet St, Roselle, NJ 07203
- 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
FAQs
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
