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    Stirling Industrial/Flex Space Available Title is generated by Realmo AI

    1 Bay Street, Stirling, NJ 07980

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    2,400 SF industrial/flex space with office in Morris County.

    Type:Industrial
    Property size:
    2,400 SF
    Lot size:
    2.09 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 10:55 pm

    Property Features for 1 Bay Street

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    2.09 Acres
    Property subtype
    Industrial

    Spaces For Lease

    at 1 Bay Street Contact us

    We can help!

    Listing Contact
    Christopher D'Andrea

    Listing agent Christopher D'Andrea

    Listing office

    Listing date Mar 6, 2026

    Source Naiglobal

    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 Christopher D'Andrea

    HighLights

    • Convenient access to I‑78 and I‑287, providing efficient service to Northern New Jersey.
    • ±2,400 SF industrial/flex space with ±750 SF of office space.
    • 20’ clear ceiling height and clear span warehouse.
    • Ample on‑site parking with ±20 spaces and easy vehicle circulation.
    • One drive‑in door and van & truck accessible.
    • Zoned VIO - Downtown Valley Industrial Overlay, allowing for a broad range of compatible uses.

    Overview

    An industrial/flex space offering approximately 2,400 square feet is available for rent within a 10,200 square foot building situated on approximately 2.09 acres. The available space includes approximately 750 square feet of office area and features a clear span warehouse. The building is a well-maintained, Class B industrial/flex property that provides ample parking, easy vehicle circulation, and operational functionality. It has a 20-foot clear ceiling height and one drive-in door. Approximately 20 on-site parking spaces are available. The property is van and truck accessible and equipped with a wet sprinkler system. It is zoned VIO - Downtown Valley Industrial Overlay, within the broader B-D Downtown Valley Commercial District, which is specifically intended to preserve and support existing light industrial and flex users while allowing a broad range of compatible uses. The property is well-occupied with established tenants. Located in Stirling, the property benefits from a central Morris County location with convenient access to surrounding business communities, residential neighborhoods, and regional transportation routes. It offers convenient access to I-78 and I-287, allowing users to efficiently serve Morris County, Somerset County, Union County, and the greater Northern New Jersey region. It is ideal for many contractor and light industrial uses and features a highly desirable small-bay industrial/flex configuration.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Epic Sports Training ... Gym & Fitness Center Maximum Performance Dance Training Center DiMaggio Baseball Gym & Fitness Center GarageTek General Contractor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Stirling
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4846
    Latitude
    40.6667

    Nearby Similar for Lease

    • Contact for pricing
      2,400 SF

      Stirling Industrial/Flex Space Available

      2,400 SF industrial/flex space with office in Stirling, NJ.
      1 Bay Street, Stirling, NJ 07980
      View Details
    • $2,400/Mo

      Office Space with Natural Light

      Office space for rent with on-site parking and secured access.
      320 Essex St, Long Hill Twp., NJ 07980
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    FAQs

    What type of property is this?
    Flex space - 2,400 SF industrial/flex space with office in Morris County.
    Where is this flex space located?
    The property is located at 1 Bay Street Stirling, NJ.
    What are key features of this property?
    This property features: Convenient access to I‑78 and I‑287, providing efficient service to Northern New Jersey.; ±2,400 SF industrial/flex space with ±750 SF of office space.; **20’ clear ceiling height and clear span warehouse.**
    (973) 463-1011
    We can help!
    Listing Contact
    Christopher D'Andrea
    Learn More
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    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.

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