Single-Story Warehouse With Rail
For Sale
$2,950,000
13-23 Steiner Pl, North Plainfield, NJ 07060
Masonry industrial facility with drive-in loading, rail service, and B-2A Business Zone flexibility.
Property Size12,500 SF
Lot Size0.50 Acres
Price / SF$236
Days on Market94
Property Features for 13-23 Steiner Pl
General Information
Standard status
Active
Size
12,500 SF
Lot size
0.50 Acres
Property subtype
Warehouse
Zoning
B-2A
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
12 ft
Warehouse Space
12,500 SF
Drive-In Doors
4
Rail Access
Yes
Amenities
Functional Industrial Infrastructure – 12,500 SF masonry warehouse with rail access, crane capability, 2 docks, and 4 drive-ins supporting a variety of industrial operations.
Flexible B-2a Zoning – Permits office, retail, professional, and other commercial uses, providing long-term operational and redevelopment flexibility.
Strategic Central NJ Location – Convenient access to Route 22, I-78, I-287, and major employment centers throughout Northern and Central New Jersey.
Owner-User & Investment Opportunity – Rare combination of industrial functionality, utility infrastructure, and zoning flexibility in an established business corridor.
Building Details
Building Size
12,500 SF
Year Built
1919
Buildings
1
Stories
1
Construction
masonry
Listing Agency:
Marcus & Millichap | New Jersey
Listed By:
Michael Restrepo · License #License(s): NJ: 2560939
(201) 742-6142
Source:
Marcusmillichap
Added: Aug 3
Changed: Oct 26
Last Checked: Nov 4 at 9:42AM
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 Marcus & Millichap | New Jersey
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Investment Insights
Based on property information with market context.
This single-story masonry warehouse contains 12,500 square feet on a 0.50-acre site. The facility provides 12-foot clear heights, four drive-in doors, and rail access for industrial operations. Natural gas, city water, and city sewer serve the property, supporting warehouse, distribution, manufacturing, contractor-service, and other specialized industrial functions. The building was constructed in 1919.
The property is within North Plainfield’s B-2A Business Zone, which allows a range of business, professional, administrative, retail, public, religious, and community-oriented uses. Office buildings, retail stores, and public facilities are among the specifically identified permitted categories. Regional access includes Route 22, Interstate 78, Route 287, and the New Jersey Turnpike, with the site located 0.5 miles from Route 22. Bridgewater, Piscataway, Edison, and Newark are identified as nearby business centers.
The property is within North Plainfield’s B-2A Business Zone, which allows a range of business, professional, administrative, retail, public, religious, and community-oriented uses. Office buildings, retail stores, and public facilities are among the specifically identified permitted categories. Regional access includes Route 22, Interstate 78, Route 287, and the New Jersey Turnpike, with the site located 0.5 miles from Route 22. Bridgewater, Piscataway, Edison, and Newark are identified as nearby business centers.
Key Highlights
- 12,500‑square‑foot masonry warehouse on a 0.50‑acre site
- 12‑foot clear heights and four drive‑in doors
- Rail access supports industrial operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,050
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,861,000
$3.9M
Cap Rate 7%
$2,757,857
$2.8M
Cap Rate 9%
$2,145,000
$2.1M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$337.5K $27.00/SF
− Vacancy
−$40.5K −$3.24/SF
EGI
$297.0K $23.76/SF
− OpEx
−$104.0K −$8.32/SF
NOI
$193.1K $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%
$3,861,000
Cap Rate 7%
$2,757,857
Cap Rate 9%
$2,145,000
Alternative Uses
Best Use
Flex RnD
$2.76M
$2.41M – $3.22M
NOI $193,050 @ 7.0% cap · market cap 6.54%
Second Best
Warehouse
$2.43M
$2.13M – $2.84M
NOI $170,368 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$3.26M
$2.86M – $3.81M
NOI $228,480 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12 ft
Clear height
4
Drive-in doors
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,835
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 07060, NJ
48,423
Population
16,154
Households
3
Avg Household Size
35
Median Age
22%
College-Educated
74%
High-School Grad
5.0 sq mi
ZIP Area
9,685
Density / Sq Mi
$72,882
Median Household Income
$32,867
Median Earnings
$1,629
Median Rent
$369,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Masonry industrial facility with drive-in loading, rail service, and B-2A Business Zone flexibility.
Where is this warehouse located?
The property is located at 13-23 Steiner Pl North Plainfield, NJ.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 12,500‑square‑foot masonry warehouse on a 0.50‑acre site; 12‑foot clear heights and four drive‑in doors; Rail access supports industrial operations
