Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2364 Clinton Ave South Plainfield, NJ 07080-1410
    Back to Search
    Property profile & analytics

    2364 Clinton Ave, South Plainfield, NJ 07080-1410

    View on Map
    • Industrial properties
    • 1.64 lot acres
    Off-Market
    Last Sale Nov 17, 2022
    $1,500,000
    Property ID
    US59-1075542
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Penske Truck Rental / Car Rental Facility

    Property Details for 2364 Clinton Ave

    Lot size
    1.64 lot acres
    Zone code
    M3
    Property type
    Industrial properties
    APN
    22 00305-0000-00001
    APU
    2200305000000001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 17, 2022 $1,500,000 Penske Truck Leasing Co LP Pride Development LLC Deed —
    Oct 28, 2022 — Dmti 4 Properties LLC Jonathan Properties LLC Deed —
    Sep 21, 2016 — 2364 South Clinton Ave LLC Jonathan Properties LLC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,585,000
      ML approach
      $1,600,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Plainfield
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4319
    Latitude
    40.5763
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $28,187
    $157,100
    $270,300
    $427,400
    -
    $157,100
    $270,300
    $427,400

    Comparable in this City

    • Value Estimation by Request
      2.60 Acres

      3300 Clinton Ave

      INDUSTRIAL (GENERAL)
      3300 Clinton Ave, South Plainfield, NJ 07080-1312
      View Details
    • Value Estimation by Request
      2.03 Acres

      3459 Clinton Ave

      INDUSTRIAL (GENERAL)
      3459 Clinton Ave, South Plainfield, NJ 07080-1303
      View Details
    • Value Estimation by Request
      2.40 Acres

      3000 Hadley Rd

      INDUSTRIAL (GENERAL)
      3000 Hadley Rd, South Plainfield, NJ 07080-1183
      View Details
    • Value Estimation
      $610,000
      29.82 Acres

      101 Kentile Rd

      INDUSTRIAL (GENERAL)
      101 Kentile Rd, South Plainfield, NJ 07080-4827
      View Details
    • Value Estimation
      $13,580,000
      117,875 SF

      303 Helen St

      INDUSTRIAL (GENERAL)
      303 Helen St, South Plainfield, NJ 07080-3808
      View Details
    • Value Estimation
      $17,315,000
      7.82 Acres

      111 Coolidge St

      INDUSTRIAL (GENERAL)
      111 Coolidge St, South Plainfield, NJ 07080-3801
      View Details

    Similar Nearby for Sale

    • $12,500,000
      33,628 SF

      Industrial Property on 9 Acres

      33,628 SF industrial property on 9.01 acres for sale.
      3500 S Clinton Ave, South Plainfield, NJ 07080
      View Details
    • Contact for pricing
      53,000 SF

      Warehouse with Truck Parking

      53,000 SF warehouse on 5 acres with ample parking.
      500 Metuchen Rd, South Plainfield, NJ 07080
      View Details
    • Contact for pricing
      56,800 SF

      South Plainfield Flex Facility

      56,800 SF flex facility with warehouse and office space.
      4475 S Clinton Ave, South Plainfield, NJ 07080
      View Details
    • $3,000,000
      4.06 Acres

      South Plainfield Commercial Land Opportunity

      4-acre commercial property in South Plainfield, New Jersey.
      128 Oak Tree Ave, South Plainfield, NJ 07080
      View Details
    • Contact for pricing
      25,000 SF

      South Plainfield Warehouse Space

      25,000 sq ft warehouse in M-3 Industrial Zone.
      3461 S Clinton Ave S, South Plainfield, NJ 07080
      View Details
    • Contact for pricing

      South Plainfield Warehouse Opportunity

      Warehouse property available for sale in South Plainfield, NJ.
      52 Cragwood Rd, South Plainfield, NJ 07080
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space Near I-287

      Industrial property with 6,073 SF building and 2.6-acre site.
      4700 S Clinton Ave, South Plainfield, NJ 07080
      View Details
    • Contact for pricing
      167,281 SF

      Industrial Warehouse Space Available

      167,281 SF warehouse with ample parking and loading docks.
      1 Cragwood Rd, South Plainfield, NJ 07080
      View Details
    • Contact for pricing
      40,000 SF

      R&D/Analytical Lab Space Available

      R&D/analytical lab space for lease at 101 Coolidge St.
      101 Coolidge St, South Plainfield, NJ 07080
      View Details
    • Contact for pricing
      6,300 SF

      Industrial Warehouse Space Available

      6,300 SF warehouse space for rent in South Plainfield.
      1253 New Market Ave, S Plainfield, NJ 07080
      View Details
    • Contact for pricing
      33,044 SF

      Industrial Space with Fenced Yard

      33,044 SF industrial space with fenced and lit yard.
      1764 New Durham Rd, South Plainfield, NJ 07080
      View Details
    • Contact for pricing

      Industrial Flex Space Near I-287

      6,073 SF flex space with 1,378 SF office component.
      4700 S Clinton Ave, South Plainfield, NJ 07080
      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.
    2364 Clinton Ave
    South Plainfield, NJ 07080-1410
    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
    2364 Clinton Ave, South Plainfield, NJ, 07080
    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!