Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Space Near Ports Newark/Elizabeth Title is generated by Realmo AI

    327-347 1st St, Elizabeth, NJ 07206

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Industrial facility with unmatched access to NYC and major highways.

    Type:Industrial
    Property size:
    247,446 SF
    Added:
    Aug 9, 2024
    Days on Market:
    663
    Last Refresh:
    May 12 at 10:37 pm

    Property Features for 327-347 1st St

    General Information

    Standard status
    Active
    Size
    247,446 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 327-347 1st St Contact us

    We can help!

    Listing Contact
    Alessandro (ALEX)
    Alessandro (ALEX)

    Listing agent Alessandro (ALEX) License #NJ

    Listing date Aug 9, 2024

    Source Crexi

    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 Alessandro (ALEX)

    HighLights

    • Unmatched access to NYC, Port Newark/Elizabeth, and major highways (Routes 1 & 9, I‑78, NJ Turnpike).
    • Large building size: 247,446 sf.
    • Proximity to major transportation hubs: 16 miles from NYC, less than 5 miles from Ports Newark & Elizabeth.
    • Ample loading capacity with 26 tailgate height loading doors and one drive‑in door.
    • Secure property: Fully fenced, secured, and paved.
    • New roof to be delivered by owners.

    Overview

    The industrial facility at 327-347 1st Street, Elizabeth, New Jersey, provides operational flexibility for various uses. It offers access to a labor force and proximity to New York City, Port Newark/Elizabeth, and major highways including Routes 1 & 9, I-78, and the New Jersey Turnpike. Located 16 miles from New York City via the Holland Tunnel, the property is situated in a densely populated region and less than 5 miles from Ports Newark & Elizabeth. The 247,446 square foot building features 16-foot ceilings and a 120-foot truck court. The property is fully fenced, secured, and paved. It includes 26 tailgate height loading doors and one drive-in door. The owners are in the process of installing a new roof. Available space includes 40,000 to 125,725 square feet on the ground floor, with an additional 40,000 to 121,721 square feet in the basement, accessible via external drive-in, two interior floor cutouts, and two freight elevators.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • Mobile Mini Storage Solutions — 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
    -74.178339
    Latitude
    40.6531303

    Nearby Similar for Lease

    • $2,600/Mo
      5,200 SF

      Elizabeth City Office Space Available

      Professional office space in a highly accessible Union County location.
      283 N BROAD STREET, Elizabeth City, NJ 07208-3702
      View Details
    • $5,000/Mo
      3,500 SF

      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
    • $4,500/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

      Prime Corner Retail Storefront

      Remodeled retail storefront with high visibility and foot traffic.
      261-263 Elizabeth Ave, Elizabeth City, NJ 07206-1634
      View Details
    • $5,000/Mo
      3,500 SF

      Prime Elizabeth Commercial Space

      3,500 sq ft open space for restaurant, retail, office.
      324 2nd St, Elizabeth City, NJ 07206
      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
    • $4,500/Mo
      2,460 SF

      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
    • $4,500/Mo
      2,724 SF

      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
    • $25 SF/Yr
      21,816 SF

      Medical/Office Building For Lease

      Four-story medical/office building in established neighborhood near Trinitas Regional Medical Center.
      228-230 West Jersey Street, Elizabeth, NJ 07202
      View Details
    • $2,850/Mo
      1,200 SF

      Elizabeth Retail Space For Rent

      Retail space in prime Elizabeth location, suitable for various businesses.
      701 Elizabeth Ave, Elizabeth City, NJ 07201
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial facility with unmatched access to NYC and major highways.
    Where is this warehouse located?
    The property is located at 327-347 1st St Elizabeth, NJ.
    What are key features of this property?
    This property features: Unmatched access to NYC, Port Newark/Elizabeth, and major highways (Routes 1 & 9, I‑78, NJ Turnpike).; Large building size: 247,446 sf.; Proximity to major transportation hubs: 16 miles from NYC, less than 5 miles from Ports Newark & Elizabeth.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alessandro (ALEX)
    Alessandro (ALEX)
    Real Estate License ID: NJ
    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
    327-347 1st St, Elizabeth, NJ 07206
    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!