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 Market214
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
(732) 287-3777
Listed By:
Steven Bussel
(908) 507-4103
Source:
Moodyscre
Added: Feb 12
Changed: Sep 13
Last Checked: Sep 13 at 11:16AM
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
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
$108,108
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
3.61%
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%
$2,162,160
$2.2M
Cap Rate 7%
$1,544,400
$1.5M
Cap Rate 9%
$1,201,200
$1.2M
Market Conditions
NOI Build-Up for 7,000 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
$189.0K $27.00/SF
− Vacancy
−$22.7K −$3.24/SF
EGI
$166.3K $23.76/SF
− OpEx
−$58.2K −$8.32/SF
NOI
$108.1K $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 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%
$2,162,160
Cap Rate 7%
$1,544,400
Cap Rate 9%
$1,201,200
Alternative Uses
Best Use
Flex RnD
$1.54M
$1.35M – $1.80M
NOI $108,108 @ 7.0% cap · market cap 3.61%
Second Best
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,406 @ 7.0% cap · market cap 3.18%
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
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Open Analytics
Current Use
Lease Details
32 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,157
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- Dr. June's Kitchen — W 5th Ave, Roselle, NJ 07203
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- Timane's Takeout & Catering — 403 E 2nd Ave, 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
