Roselle Industrial Property For
For Sale
Contact for pricing
Pending
646-652 1st Ave, Roselle, NJ 07203
Industrial property in Roselle, NJ, with convenient highway access.
Property Size25,574 SF
Days on Market1590
Property Features for 646-652 1st Ave
General Information
Standard status
Pending
Size
25,574 SF
Property subtype
Industrial, Business for Sale
Zoning
Industrial
Net Operating Income
$625,520
Building Details
Buildings
7
Units
7
Tenancy
Multi
Listing Agency:
The Blau & Berg Company
Listed By:
Dylan Meade · License #2082622
(973) 379-6644
Source:
Crexi
Added: May 1, 2022
Changed: Aug 13
Last Checked: Sep 4 at 9:28PM
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 The Blau & Berg Company
Investment Insights
Based on property information with market context.
This industrial property is located in Roselle, New Jersey. The property offers convenient access to major transportation routes, situated less than 2 miles from Route 9 and less than 5 miles from the Route 287/I-95 interchange. Newark Liberty International Airport is approximately 12 miles from the property. The building has a size of 25,574 square feet.
Key Highlights
- Close proximity to Garden State Parkway
- Less than 2 Miles from Route 9
- Less than 5 miles from Route 287 / I‑95 Interchange
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
$287,049
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
4.10%
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%
$5,740,980
$5.7M
Cap Rate 7%
$4,100,700
$4.1M
Cap Rate 9%
$3,189,433
$3.2M
Market Conditions
NOI Build-Up for 25,574 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
$435.8K $17.04/SF
− Vacancy
−$25.7K −$1.01/SF
EGI
$410.1K $16.03/SF
− OpEx
−$123.0K −$4.81/SF
NOI
$287.0K $11.22/SF
Area
Union County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
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%
$5,740,980
Cap Rate 7%
$4,100,700
Cap Rate 9%
$3,189,433
Alternative Uses
Best Use
Industrial
$4.10M
$3.59M – $4.78M
NOI $287,049 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.68M
$5.84M – $7.79M
NOI $467,452 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
881
Businesses Nearby
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?
Industrial property - Industrial property in Roselle, NJ, with convenient highway access.
Where is this industrial property located?
The property is located at 646-652 1st Ave Roselle, NJ.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Close proximity to Garden State Parkway; Less than 2 Miles from Route 9; Less than 5 miles from Route 287 / I‑95 Interchange
