Flex Space with Loading
New
For Sale
$1,250,000
516 Bloy St, Hillside, NJ 07205
Office and warehouse areas are arranged across two levels, with separate access from Bloy Street and Tillman Street.
Property Size5,624 SF
Lot Size0.23 Acres
Price / SF$222.26
Days on Market3
Property Features for 516 Bloy St
General Information
Standard status
Active
Size
5,624 SF
Total Parking Spaces
15
Lot size
0.23 Acres
Property subtype
Commercial
Zoning
RC
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
3,001 SF
Office Build-Out
2,623 SF
Additional Details
Property Use
Office/Warehouse
Building Details
Stories
2
Building Size
5,624 SF
Listing Agency:
Real
(201) 857-8777
Listed By:
Steven Betancurth () · License #1539846
(201) 561-7252
Source:
Fortuneluxuryrealty
Added: Oct 26
Last Checked: Oct 26 at 2:10PM
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 Real
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines approximately 2,623 SF of office space with 3,001 SF of warehouse and storage area, for approximately 5,624 SF overall. The spaces span the main level and second floor. Office features include a reception area, private offices, and multiple bathrooms. The warehouse has 16–18-foot ceilings and a rear overhead loading door.
The building occupies a 9,901-SF corner lot, with access from Bloy Street and Tillman Street and on-site parking for approximately 12–15 vehicles. It is zoned RC—Retail Commercial. Office, showroom, and service-business uses are identified as potential applications, subject to municipal approval.
Regional routes include the NJ Turnpike, I-78, Route 22, and Garden State Parkway. Newark, Elizabeth, Jersey City, Newark Liberty International Airport, and Port Newark–Elizabeth are among the listed destinations; the property is approximately 30 minutes from NYC, depending on traffic. Square footage is approximate and subject to verification.
The building occupies a 9,901-SF corner lot, with access from Bloy Street and Tillman Street and on-site parking for approximately 12–15 vehicles. It is zoned RC—Retail Commercial. Office, showroom, and service-business uses are identified as potential applications, subject to municipal approval.
Regional routes include the NJ Turnpike, I-78, Route 22, and Garden State Parkway. Newark, Elizabeth, Jersey City, Newark Liberty International Airport, and Port Newark–Elizabeth are among the listed destinations; the property is approximately 30 minutes from NYC, depending on traffic. Square footage is approximate and subject to verification.
Key Highlights
- Approximately 5,624 SF total: 2,623 SF of office and 3,001 SF of warehouse/storage space
- Warehouse ceilings measure approximately 16–18 feet, with a rear overhead loading door
- Office layout includes a reception area, private offices, and multiple bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,857
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,737,140
$1.7M
Cap Rate 7%
$1,240,814
$1.2M
Cap Rate 9%
$965,078
$965.1K
Market Conditions
NOI Build-Up for 5,624 SF
Gross rent
$151.8K $27.00/SF
− Vacancy
−$18.2K −$3.24/SF
EGI
$133.6K $23.76/SF
− OpEx
−$46.8K −$8.32/SF
NOI
$86.9K $15.44/SF
Area
Union County, NJ
Vacancy
12.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,737,140
Cap Rate 7%
$1,240,814
Cap Rate 9%
$965,078
Alternative Uses
Best Use
Flex RnD
$1.24M
$1.09M – $1.45M
NOI $86,857 @ 7.0% cap · market cap 6.95%
Second Best
Warehouse
$1.10M
$958.2K – $1.28M
NOI $76,652 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,798 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,130
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07205, NJ
22,432
Population
7,550
Households
3
Avg Household Size
39
Median Age
29%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
8,011
Density / Sq Mi
$98,558
Median Household Income
$47,633
Median Earnings
$1,712
Median Rent
$363,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are arranged across two levels, with separate access from Bloy Street and Tillman Street.
Where is this flex space located?
The property is located at 516 Bloy St Hillside, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 5,624 SF total: 2,623 SF of office and 3,001 SF of warehouse/storage space; Warehouse ceilings measure approximately 16–18 feet, with a rear overhead loading door; Office layout includes a reception area, private offices, and multiple bathrooms
