Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Franklin Township Warehouse Space Available Title is generated by Realmo AI

    395 Elizabeth Ave, Franklin Township, NJ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    436,900 SF warehouse space with 40' clear height.

    Type:INDUSTRIAL
    Property size:
    436,900 SF
    Lot size:
    0.06 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    285
    Last Refresh:
    Apr 5 at 10:31 pm

    Property Features for 395 Elizabeth Ave

    General Information

    Standard status
    Active
    Size
    436,900 SF
    Lot size
    0.06 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 395 Elizabeth Ave Contact us

    We can help!

    Listing Contact
    Noah Balanoff, CCIM
    Noah Balanoff, CCIM

    Listing agent Noah Balanoff, CCIM

    Listing office Colliers | Parsippany

    Listing date Aug 6, 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 Colliers | Parsippany

    HighLights

    • ± 436,900 SF available space
    • Benefit from a 40’ clear height
    • Equipped with 58 dock doors
    • Features 70 trailer parking spaces
    • Includes 427 car parking spaces
    • Has 8 dual EV charging stations

    Overview

    This property offers approximately 436,900 square feet of total building size, with the same amount of space available for lease. The space includes about 5,200 square feet of office area. The warehouse features a 40-foot clear height and a column spacing of 50 feet by 56 feet. It is equipped with 58 dock doors and 2 drive-in doors. There are 70 trailer parking spaces and 427 car parking spaces available. The property also includes 8 dual EV charging stations.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • Brook Warehousing Corporation — 8 Heller Park Ln, Somerset, NJ 08873
    • Apollo Moving & Storage Inc — 17 Jensen Dr, Somerset, NJ 08873

    Map

    City
    Franklin Township
    County
    State
    New Jersey
    Longitude
    -74.5229
    Latitude
    40.4934

    Nearby Similar for Lease

    • $18 SF/Yr
      41,374 SF

      Modern Office Units Near I-287

      Modern, fully built-out office units with highway exposure available for lease.
      347 Elizabeth Avenue, Somerset, NJ 08873
      View Details
    • $18 SF/Yr
      41,374 SF

      Modern Office Space Available

      Modern office spaces with plug-and-play opportunity, ample parking.
      347 Elizabeth Avenue, Somerset, NJ 08873
      View Details
    • $13 SF/Yr
      57,920 SF

      Industrial Space with Flexible Lease

      Centrally located industrial space with short term lease options.
      25 Commerce Drive, Franklin Township, NJ 08873
      View Details
    • $13 SF/Yr
      57,920 SF

      Industrial Space for Sublease

      Centrally located industrial space available for sublease in Somerset County.
      25 Commerce Drive, Franklin Township, NJ 08873
      View Details
    • $18 SF/Yr
      5,000 SF

      Professional Office Space Available

      Office space suitable for various professional uses, ample parking.
      347 Elizabeth Ave, Somerset, NJ
      View Details
    • $12 SF/Yr
      15,426 SF

      Voorhees Office Space for Rent

      Office units available near PATCO Ashland Station.
      214 Cherry Avenue, Voorhees, NJ 08043
      View Details
    • Contact for pricing
      48,027 SF

      Medical Building with On-Site Surgery

      Premier medical building with excellent parking and maintained grounds.
      502 Centennial Boulevard, Voorhees, NJ 08043
      View Details
    • $13 SF/Yr
      16,000 SF

      Somerset Warehouse Space Available

      16,000 SF warehouse space for lease in Somerset, NJ.
      25 Commerce Dr, Somerset, NJ
      View Details
    • Contact for pricing
      7,999 SF

      Five-Story Building with Modern Amenities

      132,000 SF building featuring a cafe, fitness center, and conference room.
      285 Davidson Ave, Somerset, NJ
      View Details
    • Contact for pricing
      17,000 SF

      Voorhees Flex Space Available

      17,000+/- SF flex space with renovated office/showroom.
      1224 Haddonfield Berlin Rd, Voorhees, NJ
      View Details
    • Contact for pricing
      12,000 SF

      Industrial Building with Office Space

      Industrial building featuring both warehouse and office areas for sale.
      5 Veronica Ave, Somerset, NJ
      View Details
    • Contact for pricing
      10,002 SF

      Industrial/Flex Space Available For Rent

      5,001 SF industrial/flex space with immediate access to Route 73.
      242 Terrace Boulevard, Voorhees, NJ 08043
      View Details

    FAQs

    What type of property is this?
    Warehouse - 436,900 SF warehouse space with 40' clear height.
    Where is this warehouse located?
    The property is located at 395 Elizabeth Ave Franklin Township, NJ.
    What are key features of this property?
    This property features: ± 436,900 SF available space; Benefit from a **40’ clear height**; Equipped with **58 dock doors**
    (917) 757-5148 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Noah Balanoff, CCIM
    Noah Balanoff, CCIM
    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

    Thank You for Inquiry
    395 Elizabeth Ave, Franklin Township, NJ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!