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

    585 Kapkowski Rd Elizabeth, NJ

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

    New construction industrial facility near Newark Liberty International Airport.

    Type:INDUSTRIAL
    Property size:
    58,240 SF
    Lot size:
    27.87 Acres
    Added:
    Nov 10, 2023
    Days on Market:
    906
    Last Refresh:
    Apr 5 at 10:12 pm

    Property Features for 585 Kapkowski Rd

    General Information

    Standard status
    Active
    Size
    58,240 SF
    Lot size
    27.87 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 585 Kapkowski Rd Contact us

    We can help!

    Listing Contact
    Gary Politi
    Gary Politi

    Listing agent Gary Politi License #1325919

    Listing office JLL | Iselin

    Listing date Nov 10, 2023

    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 JLL | Iselin

    Overview

    Modern Industrial Facility Near Port

    This is a new construction, modern, state-of-the-art Class A industrial facility. The proposed building is located less than a half mile from Port Newark/Elizabeth and less than 1 mile from Newark Liberty International Airport. It is also in close proximity to Exit 13A of the New Jersey Turnpike/I-95. The property benefits from a waterfront location and is situated next to the Jersey Gardens Mall, providing convenient access to an abundance of local amenities. The surrounding area has a strong labor supply, with 119,241 warehouse and transportation workers within a 10-mile radius. The total population within a 10-mile radius is 3,054,765, with a median household income of $82,996. The property has a size of 58,240 square feet and is intended for warehouse, industrial, and distribution purposes.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • Mobile Mini Storage Solutions — Elizabeth, NJ 07201
    • M H Logistics — 633 Division St # 2, Elizabeth, NJ 07201
    • Shleppers Moving & Storage — 107 trumbull st building s13, elizabeth, nj 07206

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.1759
    Latitude
    40.6611

    Nearby Similar for Lease

    • $5,000/Mo

      Prime Elizabeth Commercial Space Available

      3,500 sq ft open space for restaurant, retail, or office.
      324 2nd St, Elizabeth City, NJ 07206-2118
      View Details
    • $1,900/Mo

      Renovated Office Space in Elizabeth

      Move-in ready office space in Elmora section of Elizabeth.
      980 DEHART PL, ELIZABETH, NJ 07202
      View Details
    • $4,000/Mo

      Prime Corner Retail Storefront

      Remodeled retail storefront with high visibility and foot traffic.
      261-263 Elizabeth Ave, Elizabeth City, NJ 07206-1634
      View Details
    • $4,500/Mo

      Elizabeth Office/Retail Space Available

      Versatile commercial building with parking in high-visibility Elizabeth corridor.
      313 17 RAHWAY AVE, ELIZABETH, NJ 07202-3704
      View Details
    • $4,000/Mo

      Warehouse Space in Elizabeth City

      Prime warehouse space in a sought-after industrial corridor.
      453 Spring St, Elizabeth City, NJ 07201-1944
      View Details
    • $4,000/Mo

      Elizabeth Avenue Storefront For Rent

      High-visibility retail or office space in Elizabeth's business district.
      905 Elizabeth Ave, Elizabeth City, NJ 07201-2710
      View Details
    • $1,900/Mo

      Renovated Office Space in Elizabeth

      Move-in ready office space in Elizabeth's Elmora section.
      980 DEHART PL #B, ELIZABETH, NJ 07202
      View Details
    • $5,000/Mo

      Prime Elizabeth Commercial Space

      3,500 sq ft open space for restaurant, retail, office.
      324 2nd St, Elizabeth City, NJ 07206
      View Details
    • $1,900/Mo

      Renovated Office Space in Elizabeth

      Move-in ready office space suitable for various business operations.
      980 Dehart Pl, Elizabeth City, NJ 07202
      View Details
    • $4,500/Mo

      Versatile Commercial Building in Elizabeth

      2,724 SF commercial building with parking in high-visibility location.
      313 17 Rahway Ave, Elizabeth City, NJ 07202
      View Details
    • $1,200/Mo

      Office Space Near Train Station

      Second-floor office space near Elizabeth Train Station available for rent.
      284 Morris Ave, Elizabeth City, NJ 07208
      View Details
    • Contact for pricing

      Versatile Elizabeth Commercial Building

      Three-level professional space with parking in a high-visibility location.
      313 17 RAHWAY AVE, ELIZABETH, NJ 07202-3704
      View Details

    FAQs

    What type of property is this?
    Warehouse - New construction industrial facility near Newark Liberty International Airport.
    Where is this warehouse located?
    The property is located at 585 Kapkowski Rd Elizabeth, NJ.
    What are key features of this property?
    This property features: New, state‑of‑the‑art Class A industrial facility.; Located within a half mile of Port Newark/Elizabeth.; Less than 1 mile from Newark Liberty International Airport.
    (732) 590-3300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gary Politi
    Gary Politi
    Real Estate License ID: 1325919
    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

    585 Kapkowski Rd, Elizabeth, 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!