Warehouse with Rear
For Sale
Contact for pricing
439-443 E 1st Ave, Roselle, NJ 07203
Large rear parking area plus a partially leased warehouse building is available for sale.
Property Size19,368 SF
Price / SF$175.55
Days on Market181
Property Features for 439-443 E 1st Ave
General Information
Standard status
Active
Size
19,368 SF
Class
C
Property subtype
Industrial, Mixed Use
Zoning
Resi/Retail
Occupancy
75%
Investment Type
Owner/User
Building Details
Year Built
1943
Buildings
1
Stories
2
Listing Agency:
Commercial Realty Partners LLC
Listed By:
Mark Bergamotto · License #NJ
Source:
Crexi
Added: Mar 11
Changed: Sep 3
Last Checked: Sep 7 at 5:31AM
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 Commercial Realty Partners LLC
Investment Insights
Based on property information with market context.
This warehouse property offers an owner-user setup with a building that is approximately 75% leased. The site includes a large rear parking area that can support on-site needs and may also be rented in addition to the building.
The property is located at 439-443 E 1st Ave in Roselle, New Jersey. With parking situated at the rear of the site, the configuration supports continued tenant operations while preserving space for flexible use of the parking area.
Offered for sale as a commercial real estate asset, the building totals approximately 19,368 square feet.
The property is located at 439-443 E 1st Ave in Roselle, New Jersey. With parking situated at the rear of the site, the configuration supports continued tenant operations while preserving space for flexible use of the parking area.
Offered for sale as a commercial real estate asset, the building totals approximately 19,368 square feet.
Key Highlights
- Partially leased warehouse building with 75% of the building currently leased
- Large rear parking area with space for 30+ vehicles, with rental potential
- Building constructed in 1943
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
$263,975
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
7.76%
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%
$5,279,500
$5.3M
Cap Rate 7%
$3,771,071
$3.8M
Cap Rate 9%
$2,933,056
$2.9M
Market Conditions
NOI Build-Up for 19,368 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
$330.0K $17.04/SF
− Vacancy
−$19.5K −$1.01/SF
EGI
$310.6K $16.03/SF
− OpEx
−$46.6K −$2.41/SF
NOI
$264.0K $13.63/SF
Area
Union County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /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%
$5,279,500
Cap Rate 7%
$3,771,071
Cap Rate 9%
$2,933,056
Alternative Uses
Best Use
Warehouse
$3.77M
$3.30M – $4.40M
NOI $263,975 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.06M
$4.43M – $5.90M
NOI $354,016 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07203, NJ
22,715
Population
8,430
Households
2.7
Avg Household Size
39
Median Age
26%
College-Educated
85%
High-School Grad
2.6 sq mi
ZIP Area
8,737
Density / Sq Mi
$82,967
Median Household Income
$45,458
Median Earnings
$1,499
Median Rent
$336,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Large rear parking area plus a partially leased warehouse building is available for sale.
Where is this warehouse located?
The property is located at 439-443 E 1st Ave Roselle, NJ.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Partially leased warehouse building with 75% of the building currently leased; Large rear parking area with space for 30+ vehicles, with rental potential; Building constructed in 1943
