Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1340 Front St Plainfield, NJ 07063
    Back to Search
    Property profile & analytics

    1340 Front St, Plainfield, NJ 07063

    View on Map
    • Warehouses
    • 20,000 SF
    • 1.10 lot acres
    For Lease
    View Listing →
    Prime Plainfield Industrial Space For Lease
    Contact for pricing

    Prime Plainfield Industrial Space

    20,000 SF Manufacturing/Warehouse

    1340 Front St, Plainfield, NJ 07063
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • New Jersey Hardwoods Inc / Industrial Manufacturer / Production Facility

    Property Details for 1340 Front St

    Lot size
    1.10 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 20,000-square-foot industrial building is available for lease in Plainfield, New Jersey. Situated on 1.1 acres of land at 1340 W Front St, 07063, this single-tenant property offers ample space for manufacturing and/or warehousing operations. The building is a one-story structure with a floor area ratio (FAR) of 20,000. The entire 20,000 square feet is currently vacant and ready for immediate occupancy. Its strategic location within Plainfield's Urban Enterprise Zone (UEZ) presents significant financial advantages. Qualified businesses operating within the UEZ are eligible for substantial tax benefits, including a 50% reduction on certain retail sales and a 100% reduction on purchases made by the business itself. Furthermore, the UEZ offers workforce training assistance, streamlining the process of building a skilled workforce. Plainfield also boasts an active economic development program, fostering a supportive environment for businesses. The property's proximity to a readily available labor pool, both skilled and unskilled, further enhances its appeal. The previous occupant was an architectural woodworking business. This presents a unique opportunity for a similar business or a company seeking a well-located, spacious industrial facility with significant cost-saving incentives.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Plainfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.4478
    Latitude
    40.6021

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      1340 Front St

      Distribution properties
      1340 Front St, Plainfield, NJ 07063
      View Details
    • Value Estimation by Request
      280,000 SF

      1000 2Nd St

      Distribution properties
      1000 2Nd St, Plainfield, NJ 07063
      View Details
    • Value Estimation by Request
      280,000 SF

      1000 2Nd St

      Distribution properties
      1000 2Nd St, Plainfield, NJ 07063
      View Details
    • Value Estimation
      $1,340,000
      8,220 SF

      1540 Frnt St, Unit 1616

      INDUSTRIAL (GENERAL)
      1540 Frnt St, Plainfield, NJ 07063-1062
      View Details
    • Value Estimation
      $3,970,000
      45,844 SF

      1420 Frnt St, Unit 32

      INDUSTRIAL (GENERAL)
      1420 Frnt St, Plainfield, NJ 07063-1163
      View Details
    • Value Estimation
      $515,000
      3.51 Acres

      1002-1200 So 2nd St, Unit 1200

      INDUSTRIAL (GENERAL)
      1002-1200 So 2nd St, Plainfield, NJ 07063-1306
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      20,000 SF Manufacturing/Fabrication Building

      Manufacturing/fabrication building for sale, near labor pool.
      1336 W Front St, Plainfield, NJ 07063
      View Details
    • $800,000
      0.69 Acres

      Vacant Land with Dual Access

      Large city lot with dual frontage and residential potential.
      1637 S 2Nd St, Plainfield, NJ 07063
      View Details
    • $675,000
      Pending

      Plainfield City Multi-Family Property

      Multi-family property for sale in Plainfield City, New Jersey.
      954 W 4Th St, Plainfield, NJ 07063
      View Details
    • New
      $550,000
      Pending

      Two-Family Home with Income Potential

      Well-maintained two-family home in Plainfield City, great income potential.
      822-24 W 6Th St, Plainfield, NJ 07063
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Prime Plainfield Industrial Space

      20,000 SF Manufacturing/Warehouse
      1340 Front St, Plainfield, NJ 07063
      View Details
    • Contact for pricing
      40,000 SF

      Industrial Space with Truck Loading

      Industrial property featuring drive-in door and ample parking.
      800-1000 S 2Nd St, Plainfield, NJ 07063
      View Details
    • Contact for pricing
      75,000 SF

      Plainfield Warehouse Space Available

      75,000 sq ft warehouse space for lease.
      1000 South 2Nd St, Plainfield, NJ 07063
      View Details
    View Listing
    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.
    1340 Front St
    Plainfield, NJ 07063
    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
    1340 Front St, Plainfield, NJ, 07063
    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!