Renovated Warehouse with Modern
67 Woodside Pl, Newark, NJ 07104
1,600 SF warehouse with new utilities and modern features.
Property size:
2,000 SFPrice / SF:
$274/SF- Added:
- Apr 30, 2025
- Days on Market:
- 388
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 67 Woodside Pl
General Information
- Standard status
- Active
- Size
- 2,000 SF
Building Details
- Year Built
- 2025
Listing agent GIANE A. LUZ
Listing office ROSA AGENCY (973) 751-1000
Listing date Apr 30, 2025
Source Corcoran
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 ROSA AGENCY
HighLights
- Brand new construction (2025) with updated infrastructure including sewer, water lines, and electrical (200 amp service).
- Features a large 16' wide x 10' high insulated automatic garage door.
- Benefit from 1,600 sqft of usable interior space with an additional 300 sqft of space.
- Equipped with two 50 amp/220 line electric vehicle chargers.
- Secure and durable construction featuring 100% brick exterior, steel doors, and emergency lighting.
- Includes a 9x10 office space, kitchenette, and new bathroom with tankless gas hot water heater.
Overview
This small warehouse or storage space is suitable for a small contractor. The property features brand new sewer and water lines, a rubberized roof, supporting 2x10 beams, a stucco exterior, and a concrete sidewalk. It includes a gas line and gas meter, 200 amp electrical service, a front steel door, and an overhead insulated automatic garage door that is 10 feet high and 16 feet wide. Emergency exterior back-up lights and 100% brick construction on all four sides, one foot thick, add to the building's security. Sensor lights are installed in the back, along with an exhaust system. The rear of the property has new concrete block steps leading to a landing with wrought railings, and a second steel door provides additional access. Interior features include new underground water and sewer lines for the new bathroom, kitchenette, and mechanical room. A fiberglass laundry tray is located in the mechanical room, along with a tankless gas hot water heater. There is a 9x10 office space, five back-up emergency lights, and two electric vehicle chargers, each 50 amps with 220 lines. Two gas-powered hot air blowers, each 110,000 BTUs, provide heating. A new 4-inch thick concrete garage floor, new interior electrical outlets, switches, and service, and fresh paint enhance the interior. Nine 9-foot long fluorescent ceiling lights have been installed, along with an automatic photo sensor light at the front entrance door. The usable interior space is 1,600 square feet, with access to an additional 300 square feet of space. The building is equipped and pre-wired for internet and Wi-Fi in the mechanical room and office.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$326.7K
NOI $29,402 @ 9.00% cap · cautious / downside scenario
Moderate
$420.0K
NOI $29,402 @ 7.00% cap · market / base-case scenario
Aggressive
$588.0K
NOI $29,402 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $18.36 |
| − Vacancy | −$2.1k | −$1.06 |
| EGI | $34.6k | $17.30 |
| − OpEx | −$5.2k | −$2.59 |
| NOI | $29.4k | $14.70 |
2,000 SF · lease $18.36/SF/yr · vacancy 5.80% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$420.0K
$367.5K – $490.0K
NOI $29,402 @ 7.0% cap · market cap 5.35%
Second Best
Industrial
$345.9K
$302.7K – $403.6K
NOI $24,213 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$632.6K
$553.6K – $738.1K
NOI $44,284 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Warehouses
Similar Places Nearby
- Storage King USA — 1448 McCarter Hwy, Newark, NJ 07104
- Prime Storage — 200 Mt Pleasant Ave, Newark, NJ 07104
- LuggageHero - Luggage storage Newark — 103 Broadway, Newark, NJ 07104
- StorageBlue - Self Storage, Newark — 200 Mt Pleasant Ave, Newark, NJ 07104
- BG Moving — 99 parker st, newark, nj 07104
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1693
- Latitude
- 40.7653
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - 1,600 SF warehouse with new utilities and modern features.
Where is this warehouse located?
The property is located at 67 Woodside Pl Newark, NJ.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Brand new construction (2025) with updated infrastructure including sewer, water lines, and electrical (200 amp service).; Features a large 16' wide x 10' high insulated automatic garage door.; Benefit from 1,600 sqft of usable interior space with an additional 300 sqft of space.
