Industrial Distribution Center with
For Sale
Contact for pricing
7-10 Cragwood Rd, Avenel, NJ 07001
Industrial facility combines dedicated office space with truck-oriented loading and trailer parking.
Property Size60,000 SF
Lot Size3.14 Acres
Price / SF$350
Days on Market528
Property Features for 7-10 Cragwood Rd
General Information
Standard status
Active
Size
60,000 SF
Lot size
3.14 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
20 ft
Office Build-Out
7,500 SF
Dock-High Doors
7
Drive-In Doors
1
Trailer Parking
20
Column Spacing
40 x 25 ft
Power
2,000 amps
Sprinkler System
Yes
Listing Agency:
Bussell Realty Corp
(917) 902-6400
Listed By:
Leo A. Esses
(917) 902-6400
Source:
Moodyscre
Added: Mar 21, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:05PM
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 Bussell Realty Corp
Investment Insights
Based on property information with market context.
This 60,000-square-foot distribution center occupies a 3.14-acre lot and includes 7,500 square feet of office space. The warehouse provides 20-foot clear ceilings, 7 tailboards, and 1 drive-in door, with a 40-foot by 25-foot column layout supporting internal circulation. A wet sprinkler system and 2,000-amp power service are also in place.
Located at 7-10 Cragwood Rd in Avenel, New Jersey, the property includes dedicated vehicle capacity with parking for 50+ cars and 20 trailers. The combination of warehouse volume, loading infrastructure, office area, and secured-site parking supports distribution and industrial operations.
Located at 7-10 Cragwood Rd in Avenel, New Jersey, the property includes dedicated vehicle capacity with parking for 50+ cars and 20 trailers. The combination of warehouse volume, loading infrastructure, office area, and secured-site parking supports distribution and industrial operations.
Key Highlights
- 60,000 square feet on a 3.14‑acre lot
- 7,500 SF of office space
- 20’ clear ceilings with 40’ x 25’ columns
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$817,767
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,355,340
$16.4M
Cap Rate 7%
$11,682,386
$11.7M
Cap Rate 9%
$9,086,300
$9.1M
Market Conditions
NOI Build-Up for 60,000 SF
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.
Gross rent
$1.02M $17.04/SF
− Vacancy
−$60.3K −$1.01/SF
EGI
$962.1K $16.03/SF
− OpEx
−$144.3K −$2.41/SF
NOI
$817.8K $13.63/SF
Area
Middlesex County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,355,340
Cap Rate 7%
$11,682,386
Cap Rate 9%
$9,086,300
Alternative Uses
Best Use
Warehouse
$11.68M
$10.22M – $13.63M
NOI $817,767 @ 7.0% cap · market cap 3.89%
Second Best
Industrial
$9.62M
$8.42M – $11.22M
NOI $673,455 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$15.67M
$13.71M – $18.28M
NOI $1,096,704 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
7
Dock-high doors
1
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 07001, NJ
16,920
Population
5,693
Households
3
Avg Household Size
36
Median Age
29%
College-Educated
88%
High-School Grad
3.7 sq mi
ZIP Area
4,573
Density / Sq Mi
$95,935
Median Household Income
$50,740
Median Earnings
$1,839
Median Rent
$351,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Industrial facility combines dedicated office space with truck-oriented loading and trailer parking.
Where is this distribution center located?
The property is located at 7-10 Cragwood Rd Avenel, NJ.
What is the asking price?
The asking price for this property is $21,000,000.
What are key features of this property?
This property features: 60,000 square feet on a 3.14‑acre lot; 7,500 SF of office space; 20’ clear ceilings with 40’ x 25’ columns
