Vacant Industrial Warehouse
For Sale
$1,800,000
11 Victoria Terrace, Ridgefield, NJ 07657
Vacant warehouse offers 16-foot clear ceilings and a grade-level drive-in door for flexible industrial use.
Property Size6,000 SF
Price / SF$300
Days on Market82
Property Features for 11 Victoria Terrace
General Information
Standard status
Active
Size
6,000 SF
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$23,059
Amenities
Central Air, Gas
Natural Gas
Listing Agency:
The Agency One Rock-HoHoKus-Ridgewood East
(201) 396-0930
Listed By:
Vyacheslav Zborovsky
(201) 396-0930
Source:
Evrealestate
Added: Jun 4
Changed: Aug 23
Last Checked: Aug 24 at 3:10AM
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 The Agency One Rock-HoHoKus-Ridgewood East
Investment Insights
Based on property information with market context.
This vacant industrial warehouse building offers approximately 6,000 square feet of versatile space and is delivered vacant at closing. The property includes 16-foot clear ceilings and a grade-level drive-in door, supported by a functional layout intended to accommodate a range of warehouse, distribution, storage, and service-oriented operations.
The property is located within a Bergen County industrial corridor with convenient access to major highways, New York City, and the surrounding Northern New Jersey marketplace.
With its warehouse configuration, high clear height, and drive-in access, the building is well suited for owner-users and investors seeking an immediately occupiable industrial asset.
The property is located within a Bergen County industrial corridor with convenient access to major highways, New York City, and the surrounding Northern New Jersey marketplace.
With its warehouse configuration, high clear height, and drive-in access, the building is well suited for owner-users and investors seeking an immediately occupiable industrial asset.
Key Highlights
- Vacant industrial warehouse delivered vacant at closing for immediate occupancy
- Approximately 6,000 SF of versatile industrial space for owner‑user or business use
- 16‑foot clear ceilings and a grade‑level drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,777
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,635,540
$1.6M
Cap Rate 7%
$1,168,243
$1.2M
Cap Rate 9%
$908,633
$908.6K
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$102.2K $17.04/SF
− Vacancy
−$6.0K −$1.01/SF
EGI
$96.2K $16.03/SF
− OpEx
−$14.4K −$2.41/SF
NOI
$81.8K $13.63/SF
Area
Bergen County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,635,540
Cap Rate 7%
$1,168,243
Cap Rate 9%
$908,633
Alternative Uses
Best Use
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,777 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,670 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07657, NJ
11,473
Population
4,192
Households
2.7
Avg Household Size
41
Median Age
47%
College-Educated
93%
High-School Grad
2.5 sq mi
ZIP Area
4,589
Density / Sq Mi
$115,676
Median Household Income
$59,044
Median Earnings
$1,935
Median Rent
$609,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant warehouse offers 16-foot clear ceilings and a grade-level drive-in door for flexible industrial use.
Where is this warehouse located?
The property is located at 11 Victoria Terrace Ridgefield, NJ.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Vacant industrial warehouse delivered vacant at closing for immediate occupancy; Approximately 6,000 SF of versatile industrial space for owner‑user or business use; 16‑foot clear ceilings and a grade‑level drive‑in door
