Listing Agency: Zimmel Associates Show Phone

Listed By: David Zimmel · License #7933396

Source: Moodyscre

Added: May 7, 2025 Changed: Sep 2 Last Checked: Sep 12 at 10:01AM

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Investment Insights

Based on property information with market context.

This industrial property offers 63,000 square feet of warehouse space and is located in Edison, New Jersey. The property is intended for warehouse use.

Key Highlights

• 63,000 SF warehouse
• Located in Edison, New Jersey

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

$793,611

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

4.67%

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%

$15,872,220 $15.9M

Cap Rate 7%

$11,337,300 $11.3M

Cap Rate 9%

$8,817,900 $8.8M

Market Conditions

NOI Build-Up for 63,000 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

$982.8K $15.60/SF

− Vacancy

−$49.1K −$0.78/SF

EGI

$933.7K $14.82/SF

− OpEx

−$140.0K −$2.22/SF

NOI

$793.6K $12.60/SF

Area

Edison, NJ

Vacancy

5.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

15.00%

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%

$15,872,220

Cap Rate 7%

$11,337,300

Cap Rate 9%

$8,817,900

Alternative Uses

Best Use

Warehouse

$11.34M

$9.92M – $13.23M (±1% cap)

NOI $793,611 @ 7.0% cap · market cap 4.67%

Second Best

Industrial

$10.00M

$8.75M – $11.67M (±1% cap)

NOI $700,132 @ 7.0% cap · market cap 4.12%

Theoretical Best

Office A

$20.42M

$17.87M – $23.82M (±1% cap)

NOI $1,429,263 @ 7.0% cap · market cap 8.41%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Eos Energy Storage Production Facility Eos Energy Enterprises Production Facility QuickBooks Technical Support Accounting Software Company

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

324

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Industrial property - 63,000 SF warehouse available in Edison, New Jersey.

Where is this industrial property located?

The property is located at 3920 Park Ave Edison, NJ.

What is the asking price?

The asking price for this property is $17,000,000.

What are key features of this property?

This property features: 63,000 SF warehouse; Located in Edison, New Jersey