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    Nursery Greenhouse and Warehouse Title is generated by Realmo AI

    191 Greenbrook Rd, Plainfield, NJ 07060

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    For Sale
    $2,500,000

    Commercial - North Plainfield Boro, NJ

    Property size:
    25,000 SF
    Price / SF:
    $100/SF
    Added:
    Jun 2, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 2 at 3:06 pm

    Property Features for 191 Greenbrook Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking
    20
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    25,000 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    14946

    Utilities

    Cooling system
    Multi Units

    Building Details

    Year built
    1992
    Floors in Building
    1
    Number of units
    1
    Building materials
    Block, Brick, Glass
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    RICHARD COVEN

    Listing agent RICHARD COVEN

    Listing office HALO REALTY PROPERTIES LLC 216 STELTON ROAD, Bridgewater, NJ

    Listing date Jun 2, 2026

    MLS# 4031579 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Nursery greenhouse property (business and property included) built in 1992
    • Includes 5 large greenhouses plus warehouse and barn
    • Walk‑in cooler and drive‑in doors
    • Office included; parking lot on site
    • Sale includes inventory with plants and 1450 mature Japanese quince bushes
    • Includes van (as listed with the sale)

    Overview

    This for-sale property is set up for a working nursery and greenhouse operation and includes the real estate and the business. The site features five large greenhouses, a warehouse, and a barn, along with a walk-in cooler for storage and handling. Operations are supported by drive-in doors and an office, and the sale includes inventory with plants and mature stock, including Japanese quince bushes and additional plant material.

    The property sits at 191 Greenbrook Rd in North Plainfield Boro, NJ, and is zoned commercial. It presents a complete, purpose-built production and distribution setup with structures designed to support seasonal growing, receiving, and handling.

    This configuration will likely appeal to an operator looking to continue or expand a plant-growing and garden center business on an established greenhouse campus. Buyers who want to purchase an operating nursery, including inventory and working improvements, should see this as a turnkey platform, with the potential to evaluate additional use options where applicable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nelly's Greenhouse Garden Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mantis Pest Control Co — 11 Pearl St, North Plainfield, NJ 07060
    • Nelly's Greenhouse — 191 Greenbrook Rd, North Plainfield, NJ 07060
    • New Brunswick Green Bed Bugs Removal LLC — 113 new st #2480, plainfield, nj 07060
    • Safeway Pest Control — Plainfield, NJ 07060
    • A Bailey Ind Termite & Pest — Plainfield, NJ 07060

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.44107
    Latitude
    40.61973

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    FAQs

    What type of property is this?
    Nursery and garden center - For-sale nursery and greenhouse operation with multiple large greenhouses, warehouse, and on-site cold storage for plant processing and sales.
    Where is this nursery and garden center located?
    The property is located at 191 Greenbrook Rd Plainfield, 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: Nursery greenhouse property (business and property included) built in 1992; Includes 5 large greenhouses plus warehouse and barn; Walk‑in cooler and drive‑in doors
    (732) 910-4707
    We can help!
    Listing Contact
    RICHARD COVEN
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    191 Greenbrook Rd, North Plainfield Boro, NJ 07060-3921
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