Flex Space with Drive-In
For Sale
Contact for pricing
150 W 1st Ave, Roselle, NJ 07203
Flex space with office area, oversized drive-in doors, and ample parking near major regional routes.
Property Size7,000 SF
Lot Size0.78 Acres
Price / SF$428
Days on Market168
Property Features for 150 W 1st Ave
General Information
Standard status
Active
Size
7,000 SF
Lot size
0.78 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
32 ft
Office Build-Out
1,000 SF
Drive-In Doors
2
Additional Details
Highway Access
Yes
Listing Agency:
Bussell Realty Corp
(908) 507-4103
Listed By:
Steven Bussel
(908) 507-4103
Source:
Moodyscre
Added: Feb 12
Changed: Jul 30
Last Checked: Jul 30 at 4:51PM
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.
Flex space offering approximately 7,000 SF of industrial/retail space on a 0.775-acre site. The building features a 32’ ceiling height and includes approximately 1,000 SF of office space. Two oversized drive-in doors support loading and tenant operations, and the property provides plenty of parking. Availability is immediate.
Located at 150 W 1st Ave in Roselle, NJ, the property is positioned near the NJ Turnpike and major connections including Route 1-9, the Garden State Parkway, the Goethals Bridge, Port Newark/Elizabeth, and Newark Liberty Airport, providing convenient access to New York City markets.
The combination of warehouse-style ceiling height, drive-in access, and on-site office space can support a range of day-to-day industrial and light retail needs where parking and straightforward operations are important.
Located at 150 W 1st Ave in Roselle, NJ, the property is positioned near the NJ Turnpike and major connections including Route 1-9, the Garden State Parkway, the Goethals Bridge, Port Newark/Elizabeth, and Newark Liberty Airport, providing convenient access to New York City markets.
The combination of warehouse-style ceiling height, drive-in access, and on-site office space can support a range of day-to-day industrial and light retail needs where parking and straightforward operations are important.
Key Highlights
- Approximately 7,000 SF industrial/retail flex space
- 0.775‑acre site
- 32’ ceiling height
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 | $189.0k | $27.00 |
| − Vacancy | −$22.7k | −$3.24 |
| EGI | $166.3k | $23.76 |
| − OpEx | −$58.2k | −$8.32 |
| NOI | $108.1k | $15.44 |
7,000 SF · lease $27.00/SF/yr · vacancy 12.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.54M
$1.35M – $1.80M
NOI $108,108 @ 7.0% cap · market cap 3.61%
Second Best
Office B
$1.53M
$1.34M – $1.79M
NOI $107,100 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,949 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
32 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,187
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Dr. June's Kitchen — W 5th Ave, Roselle, NJ 07203
- T-TAB Cuisine — 421 Jouet St, Roselle, NJ 07203
- Timane's Takeout & Catering — 403 E 2nd Ave, Roselle, NJ 07203
- Sabrina's Catering Delights — Roselle, NJ 07203
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with office area, oversized drive-in doors, and ample parking near major regional routes.
Where is this flex space located?
The property is located at 150 W 1st Ave Roselle, NJ.
What is the asking price?
The asking price for this property is $2,996,000.
What are key features of this property?
This property features: Approximately 7,000 SF industrial/retail flex space; 0.775‑acre site; 32’ ceiling height
