Elizabeth Warehouse with New
For Sale
Contact for pricing
827-833 Bond St, Elizabeth, NJ 07201
10,735 SF warehouse with new office space for sale.
Property Size10,735 SF
Price / SF$240
Days on Market160
Property Features for 827-833 Bond St
General Information
Standard status
Active
Size
10,735 SF
Property subtype
Industrial, Special Purpose
Building Details
Year Renovated
2026
Stories
1
Listing Agency:
NAI DiLeo-Bram & Co.
(732) 985-3000
Listed By:
Kyle Gerace · License #1974656
Source:
Crexi
Added: Mar 16
Changed: Aug 18
Last Checked: Aug 21 at 9:49AM
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 NAI DiLeo-Bram & Co.
Investment Insights
Based on property information with market context.
This 10,735 square foot warehouse building includes approximately 500 square feet of newly built office space. The warehouse features two 14-foot drive-in doors and a 16-foot clear ceiling height. Recent upgrades include new lighting, new electric wiring, and a new panel. Security cameras are installed. The property is located less than 2 miles from Exit 13A of the New Jersey Turnpike and is also located minutes from Port Newark-Elizabeth Marine Terminal and Newark International Airport.
Key Highlights
- Located less than 2 miles from Exit 13A of the NJ Turnpike
- Minutes from Port Newark‑Elizabeth Marine Terminal and Newark International Airport
- 10,735 SF Warehouse space featuring 500 SF of finished office space
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
$191,298
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
7.43%
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%
$3,825,960
$3.8M
Cap Rate 7%
$2,732,829
$2.7M
Cap Rate 9%
$2,125,533
$2.1M
Market Conditions
NOI Build-Up for 10,735 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
$309.2K $28.80/SF
− Vacancy
−$54.1K −$5.04/SF
EGI
$255.1K $23.76/SF
− OpEx
−$63.8K −$5.94/SF
NOI
$191.3K $17.82/SF
Area
Elizabeth, NJ
Vacancy
17.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
25.00%
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%
$3,825,960
Cap Rate 7%
$2,732,829
Cap Rate 9%
$2,125,533
Alternative Uses
Best Use
Office B
$2.73M
$2.39M – $3.19M
NOI $191,298 @ 7.0% cap · market cap 7.43%
Second Best
Warehouse
$2.09M
$1.83M – $2.44M
NOI $146,468 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,334 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,496
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07201, NJ
29,390
Population
10,404
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
4,592
Density / Sq Mi
$62,026
Median Household Income
$33,092
Median Earnings
$1,476
Median Rent
$413,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 10,735 SF warehouse with new office space for sale.
Where is this warehouse located?
The property is located at 827-833 Bond St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $2,576,400.
What are key features of this property?
This property features: Located less than 2 miles from Exit 13A of the NJ Turnpike; Minutes from Port Newark‑Elizabeth Marine Terminal and Newark International Airport; 10,735 SF Warehouse space featuring 500 SF of finished office space
