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    128 Iron Mountain Road Mine Hill, NJ 7803

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    Class-A distribution facility in Northern NJ, divisible from 100,000 SF.

    Type:Industrial
    Property size:
    393,335 SF
    Added:
    Nov 26, 2025
    Days on Market:
    155
    Last Refresh:
    Apr 5 at 9:12 pm

    Property Features for 128 Iron Mountain Road

    General Information

    Standard status
    Active
    Size
    393,335 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 128 Iron Mountain Road Contact us

    We can help!

    Listing Contact
    Rick Marchisio

    Listing agent Rick Marchisio

    Listing office

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Rick Marchisio

    Overview

    LEED Certified Distribution Facility

    This LEED Certified Class-A distribution facility offers between 100,000 and 393,335 square feet of divisible space. The warehouse area encompasses 374,500 square feet, complemented by a 5,400 square foot office space, with an option for an additional 13,435 square feet of mezzanine office space. Situated on a 36-acre site, the building's dimensions are 1070 feet by 350 feet, with a coverage of 23.9%. Column spacing is configured at 58 feet by 48 feet 4 inches, with 60-foot speed bays. The facility includes 60 dock doors, each measuring 9 feet by 10 feet and equipped with steel vertical lift doors, along with 2 drive-in doors. The floor is constructed with 8-inch concrete, and the roof features a 60 mil white TPO membrane. The property is equipped with an ESFR sprinkler system and LED lighting providing 25 foot-candles at 42 feet above the finished floor. It has a 3,000 amp 3-phase 277/480V power supply with significant upgrade capability. Located in Northern New Jersey off Route 80 West at Exit 28, Spring Brook Commerce Center is approximately 43 miles from both Midtown Manhattan and the Port of Newark-Elizabeth, positioning it within the Morris County submarket and serving the tri-state region. The facility features 42-foot clear heights and a loading dock ratio of 1 per 6,000 square feet, along with ample car and trailer parking.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mine Hill
    County
    Morris
    State
    New Jersey
    Longitude
    -74.6012
    Latitude
    40.888

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    FAQs

    What type of property is this?
    Distribution center - Class-A distribution facility in Northern NJ, divisible from 100,000 SF.
    Where is this distribution center located?
    The property is located at 128 Iron Mountain Road Mine Hill, NJ.
    What are key features of this property?
    This property features: Large, divisible Class‑A distribution space: 100,000 - 393,335 sq. ft. available.; Strategic Northern NJ location off Route 80 West, near Midtown Manhattan and Port of Newark‑Elizabeth.; 42’ clear heights with 60 dock doors (9’ x 10’ steel vertical lift).
    (973) 475-7055
    We can help!
    Listing Contact
    Rick Marchisio
    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.

    More about this property
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