Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    203 Norcross Ave Metuchen, NJ

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Portfolio of four fully leased industrial buildings for sale.

    Type:INDUSTRIAL
    Property size:
    47,048 SF
    Lot size:
    0.91 Acres
    Added:
    Sep 4, 2025
    Days on Market:
    211
    Last Refresh:
    Mar 29 at 10:08 pm

    Property Features for 203 Norcross Ave

    General Information

    Standard status
    Active
    Size
    47,048 SF
    Lot size
    0.91 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    William Sitar Jr.
    William Sitar Jr.

    Listing agent William Sitar Jr.

    Listing office Sitar Realty Company - Corporate

    Listing date Sep 4, 2025

    Source Moodyscre

    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 Sitar Realty Company - Corporate

    Overview

    Fully Leased Industrial Buildings

    This offering comprises a portfolio of fully leased industrial buildings. The property at 203 Norcross Ave (68 Liberty Street) is a ±19,500 square foot building featuring one 12x16 drive-in door. 65 Liberty Street is a ±10,548 square foot building with two 14x16 drive-in doors. 55 Liberty Street is a ±9,000 square foot building, also equipped with two 14x16 drive-in doors. Finally, 15 Liberty Street is a ±8,000 square foot building that includes two 14x16 drive-in doors. The total property size is 47,048 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pablo Portable Toilets Building Supply SPEX CertiPrep Laboratory Protocal Analytical Supplies Medical Supply Store SPEX Europe Production Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Storage Sense - Metuchen — 138 Liberty St, Metuchen, NJ 08840
    • Sea-west — 185 National Rd, Edison, NJ 08817
    • Traditional Van Lines | National Level Mover — 212 Durham Ave #102, Metuchen, NJ 08840
    • Extra Space Storage — 60 Bridge St, Metuchen, NJ 08840

    Location Insight

    • Map
    • Local Demand
    City
    Metuchen
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.372
    Latitude
    40.547

    Nearby Similar for Sale

    • $799,900
      2,000 SF

      Metuchen Three-Family Home Investment

      Fully rented three-family home in Metuchen with income potential.
      111 Center Street, Metuchen, NJ 08840
      View Details
    • $2,500
      1,250 SF

      Medical Office Shared Space Available

      Shared medical office space available in Metuchen, NJ.
      41 Bridge Street, Metuchen, NJ 08840
      View Details
    • $1,500
      450 SF

      Downtown Metuchen Professional Office Space

      Professional office space in downtown Metuchen, near train and amenities.
      54 Pearl Street, Metuchen, NJ 08840
      View Details
    • Contact for pricing
      8,373 SF

      Freestanding Retail Building in Metuchen

      Freestanding retail building in downtown Metuchen, steps from Main Street.
      45 Pearl Street, Metuchen, NJ 08840
      View Details
    • $12,500,000
      47,048 SF

      Industrial Portfolio on Liberty Street

      Four fully leased industrial buildings near major transportation routes.
      15-55-65-68 Liberty Street, Metuchen, NJ 08840
      View Details
    • Contact for pricing
      1,422 SF

      Restaurant Ready Commercial Building For Sale

      1,422 SF commercial building perfect for restaurant operator.
      275 Amboy Ave, Metuchen, NJ
      View Details
    • Contact for pricing
      1,000 SF

      Medical Office Space For Sale

      Medical office space in Bridge Pointe Complex, great location.
      234 Bridge Street, Metuchen, NJ 08840
      View Details
    • $12,500,000
      47,048 SF

      Industrial Portfolio in Metuchen, NJ

      Four fully leased industrial buildings near major roadways for sale.
      15-55-65-68 Liberty Street, Metuchen, NJ 08840
      View Details
    • Contact for pricing
      12,460 SF

      Retail and Industrial Space Available

      12,460 SqFt retail and industrial space for sale.
      60 Liberty St, Metuchen, NJ 08840
      View Details
    • $1,500,000
      4,224 SF

      Mixed-Use Property Near Train Station

      Income-generating mixed-use property with retail and residential units near train.
      396 Main Street, Metuchen, NJ 08840
      View Details
    • $1,500,000
      4,224 SF

      Income-Generating Mixed-Use Property

      Fully leased mixed-use property with retail and residential units.
      396 Main St, Metuchen Boro, NJ 08840
      View Details
    • $1,500,000
      4,224 SF

      Mixed-Use Commercial Property For Sale

      Income-generating mixed-use property with retail and residential units.
      396 MAIN ST Unit 0, Metuchen, NJ 08840
      View Details

    FAQs

    What type of property is this?
    Warehouse - Portfolio of four fully leased industrial buildings for sale.
    Where is this warehouse located?
    The property is located at 203 Norcross Ave Metuchen, NJ.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: Fully leased buildings; **±19,500 SF building with one drive in 12x16 (203 Norcross Ave / 68 Liberty Street)**; ±10,548 SF building with two drive ins 14x16 (65 Liberty Street)
    (973) 202-9119 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing William Sitar Jr.
    William Sitar Jr.
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!