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 Market260
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: Oct 25
Last Checked: Oct 28 at 11:53AM
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
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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 / Yr
$108,108
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
Who owns this building?
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Dr. June's Kitchen — W 5th Ave, Roselle, NJ 07203
- Sabrina's Catering Delights — Roselle, NJ 07203
- T-TAB Cuisine — 421 Jouet St, Roselle, NJ 07203
- 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
