Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    230-236 Marshall St Elizabeth, NJ 07206
    Back to Search
    Property profile & analytics

    230-236 Marshall St, Elizabeth, NJ 07206

    View on Map
    • Warehouses
    • 20,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 230-236 Marshall St

    Property type
    Warehouses
    Property subtype
    Life science properties

    Description

    This exceptional 20,000-square-foot industrial warehouse, located at 230-236 Marshall Street in Elizabeth, New Jersey, presents a unique opportunity for a variety of businesses. The property is a single-tenant building offering three stories, each approximately 6,666 square feet, providing ample space for diverse operational needs. The warehouse is currently vacant and ready for immediate occupancy. Its versatile layout allows for customization to suit various requirements, whether it's office space, production areas, or extensive storage. The building features one loading dock for efficient goods handling. Situated in Union County, this prime location offers convenient access to major transportation arteries, including proximity to the Port of New York and New Jersey and Newark Liberty International Airport, ensuring seamless logistics and distribution capabilities. The property's light-duty construction makes it suitable for a range of industrial uses, from manufacturing and distribution to research and development. This is an excellent opportunity to secure a well-located, spacious, and adaptable industrial space in a thriving New Jersey market. The property's zip code is 07206.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.1931
    Latitude
    40.6497

    Comparable in this City

    • Value Estimation by Request

      107 Trumbull St

      Distribution properties
      107 Trumbull St, Elizabeth, NJ 07206
      View Details
    • Value Estimation by Request
      50,150 SF

      20 Butler St

      Distribution properties
      20 Butler St, Elizabeth, NJ 07206
      View Details
    • Value Estimation by Request
      16,000 SF

      36 Butler St

      Distribution properties
      36 Butler St, Elizabeth, NJ 07206
      View Details
    • Value Estimation
      $8,740,000
      76,914 SF

      26 Papetti Plz, Unit 30

      WAREHOUSE, STORAGE
      26 Papetti Plz, Elizabeth, NJ 07206-1421
      View Details
    • Value Estimation
      $2,790,000
      9,205 SF

      219 Butler St, Unit 227

      WAREHOUSE, STORAGE
      219 Butler St, Elizabeth, NJ 07206-2776
      View Details
    • Value Estimation by Request
      0.26 Acres

      552-556 Trumbull St, Unit 556

      INDUSTRIAL (GENERAL)
      552-556 Trumbull St, Elizabeth, NJ 07206-1409
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Under Construction Warehouse For Sale

      10,000 SF warehouse with office space to-suit, delivery Q1 2022.
      219-227 Butler St, Elizabeth, NJ 07206
      View Details
    • Contact for pricing
      9,999 SF

      Mixed-Use Property with Renovated Apartments

      3,500 sq ft warehouse/storefront with two renovated apartments.
      113 Elizabeth Ave, Elizabeth, NJ 07206
      View Details
    • $1,199,000
      2,500 SF

      Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and residential units in Elizabeth.
      459 Fulton St, Elizabeth, NJ 07206
      View Details
    • $2,350,000
      0.23 Acres

      Prime Elizabethport Industrial Property

      10,000 sqft building + 2 lots, great location
      335-337 Jersey St, Elizabethport, NJ 07206
      View Details
    • $1,850,000

      Commercial Building with Additional Lots

      10,000 sqft commercial building with two adjacent lots.
      335 E Jersey St, Elizabeth, NJ 07206
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Elizabeth Industrial Hub Warehouse

      80,000 SF warehouse near ports and highways.
      77 South 1St St, Elizabeth, NJ 07206
      View Details
    • Contact for pricing

      Elizabeth Industrial Hub Warehouse

      80,000 SF warehouse in Elizabeth's industrial hub.
      77 South 1St St, Elizabeth, NJ 07206
      View Details
    • $13 SF/Yr
      80,000 SF

      Elizabeth Industrial Hub Warehouse Space

      80,000 SF warehouse in Elizabeth's industrial hub, near major transport.
      77 South 1St St, Elizabeth, NJ 07206
      View Details
    • Contact for pricing
      6,430 SF

      Industrial Space Near Newark Airport

      Industrial property for rent, convenient access to transportation hubs.
      429-449 Schiller St, Elizabeth, NJ 07206
      View Details
    • Contact for pricing
      80,000 SF

      Elizabeth Industrial Hub Warehouse Space

      80,000 SF warehouse in Elizabeth's industrial hub.
      52-77 S 1St St, Elizabethport, NJ 07206
      View Details
    • Contact for pricing

      Industrial Space Near Ports Newark/Elizabeth

      Industrial facility with unmatched access to NYC and major highways.
      327-347 1St St, Elizabeth, NJ 07206
      View Details
    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.
    230-236 Marshall St
    Elizabeth, NJ 07206
    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
    230-236 Marshall 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!