Versatile Mixed-Use Building For
For Sale
Contact for pricing
19 E Elizabeth Ave, Linden, NJ 07036
Multi-use building with retail, office, and warehouse space.
Property Size14,200 SF
Price / SF$176.06
Days on Market649
Property Features for 19 E Elizabeth Ave
General Information
Standard status
Active
Size
14,200 SF
Class
A
Property subtype
Industrial, Office, Retail
Zoning
SA-2
Listing Agency:
Brunette Realty
Listed By:
Isaac Massre · License #NJ
Source:
Crexi
Added: Nov 11, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:20AM
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 Brunette Realty
Investment Insights
Based on property information with market context.
This versatile, multi-use building offers an opportunity for commercial, retail, or office uses. The property is located a few hundred feet from Wood Avenue, with access to Routes 1 & 9 and the New Jersey Turnpike (Route 95). The building has over 14,200 sq. ft. of total space, including a 2,000 sq. ft. retail store on the first floor and 2,000 sq. ft. of Class A office space on the second floor, plus warehouse space. The building will be delivered vacant. The first floor retail space is approximately 2,000 sq. ft. with open floor plans. The second floor office space is approximately 2,000 sq. ft. with flexible layouts, two private offices, a conference room, a full kitchen, and a full bathroom. The remaining space on the ground floor is dedicated to warehouse or processing use. There is a drive-in door for loading and unloading, and a freight elevator for transporting goods between floors. The property includes two handicap-accessible bathrooms. The location is less than 1 mile to Routes 1 & 9 and less than 3 miles to Route 95. The building is well-maintained and suitable for food processing, office, retail, or light industrial use. Two brand new package units on the roof, plus brand new HVAC put in for the office and retail space.
Key Highlights
- Over $200,000 in recent upgrades, including 2 brand new package units on the roof and a new HVAC system.
- Prime commercial location near Wood Avenue with easy access to Routes 1 & 9 and the New Jersey Turnpike (Route 95).
- Versatile 14,200 sq. ft. multi‑use building suitable for retail, office, warehouse, or food processing.
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
$217,260
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
8.69%
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%
$4,345,200
$4.3M
Cap Rate 7%
$3,103,714
$3.1M
Cap Rate 9%
$2,414,000
$2.4M
Market Conditions
NOI Build-Up for 14,200 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
$426.0K $30.00/SF
− Vacancy
−$136.3K −$9.60/SF
EGI
$289.7K $20.40/SF
− OpEx
−$72.4K −$5.10/SF
NOI
$217.3K $15.30/SF
Area
Union County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$4,345,200
Cap Rate 7%
$3,103,714
Cap Rate 9%
$2,414,000
Alternative Uses
Best Use
Office B
$3.10M
$2.72M – $3.62M
NOI $217,260 @ 7.0% cap · market cap 8.69%
Second Best
Retail
$2.90M
$2.53M – $3.38M
NOI $202,681 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$3.71M
$3.24M – $4.33M
NOI $259,553 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,532
Businesses Nearby
Explore this area
Business Placement
Demographics for 07036, NJ
45,161
Population
16,911
Households
2.7
Avg Household Size
40
Median Age
23%
College-Educated
85%
High-School Grad
10.9 sq mi
ZIP Area
4,143
Density / Sq Mi
$89,942
Median Household Income
$46,736
Median Earnings
$1,622
Median Rent
$385,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-use building with retail, office, and warehouse space.
Where is this mixed-use property located?
The property is located at 19 E Elizabeth Ave Linden, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Over $200,000 in recent upgrades, including 2 brand new package units on the roof and a new HVAC system.; Prime commercial location near Wood Avenue with easy access to Routes 1 & 9 and the New Jersey Turnpike (Route 95).; Versatile 14,200 sq. ft. multi‑use building suitable for retail, office, warehouse, or food processing.
