Industrial Building with Office
20 E Willow St Millburn, NJ
For Sale
Contact for pricing
7,600 SF industrial building with office and warehouse space.
Property Size7,600 SF
Lot Size0.42 Acres
Price / SF$276.32
Days on Market805
Property Features for 20 E Willow St
General Information
Standard status
Active
Size
7,600 SF
Lot size
0.42 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 20 E Willow St Contact us
Listing Agency:
The Blau & Berg Company
(908) 803-1876
Listed By:
John R. Longo · License #9132539
(908) 803-1876
Source:
Moodyscre
Added: May 16, 2024
Changed: Jul 6
Last Checked: Jul 21 at 4:55AM
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 Blau & Berg Company
Investment Insights
Based on property information with market context.
The property is a 7,600 square foot industrial building, featuring approximately 2,500 square feet of office space and 5,100 square feet of warehouse space. It includes 14-foot ceilings and one drive-in door. The lot size is approximately 0.43 acres, identified as Block 1004, Lot 7. There are 15 parking spaces available. The property's taxes were $15,534.55 in 2023. The cap rate is 4.28% with a net operating income of $90,000.
Key Highlights
- NOI $90,000
- ±7,600 SF Industrial Building
- Featuring ±2,500 SF Office and ±5,100 SF Warehouse
Financial Insights For Warehouse
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.1k | $17.64 |
| − Vacancy | −$9.7k | −$1.27 |
| EGI | $124.4k | $16.37 |
| − OpEx | −$18.7k | −$2.46 |
| NOI | $105.7k | $13.91 |
7,600 SF · lease $17.64/SF/yr · vacancy 7.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,750 @ 7.0% cap · market cap 5.04%
Second Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $87,088 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M
NOI $138,916 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Extra Space Storage — 30 Bleeker St, Millburn, NJ 07041
Frequently Asked Questions
What type of property is this?
Warehouse - 7,600 SF industrial building with office and warehouse space.
Where is this warehouse located?
The property is located at 20 E Willow St Millburn, NJ.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: NOI $90,000; ±7,600 SF Industrial Building; Featuring ±2,500 SF Office and ±5,100 SF Warehouse
