Building Details

Year Renovated 2026

Stories 1

Listing Agency: NAI DiLeo-Bram & Co.

Listed By: Kyle Gerace · License #1974656 Show Phone

Source: Crexi

Added: Mar 16 Changed: Sep 8 Last Checked: Oct 5 at 7:00PM

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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 / Yr

$191,298

Cap Rate

7.43%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $191,298 @ 7.0% cap · market cap 7.43%

Second Best

Warehouse

$2.09M

$1.83M – $2.44M (±1% cap)

NOI $146,468 @ 7.0% cap · market cap 5.68%

Theoretical Best

Office A

$3.98M

$3.48M – $4.64M (±1% cap)

NOI $278,334 @ 7.0% cap · market cap 10.80%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Dental Office Garden Center Gym & Fitness Center Skin Care Clinic Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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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