Industrial/Warehouse Building with Fenced
85-89 Sassafras Paterson, NJ 07524
For Sale
$1,100,000
Pending
4,500 SF industrial/warehouse with 3,000 SF fenced yard.
Property Size4,500 SF
Days on Market1179
Property Features for 85-89 Sassafras
General Information
- Standard status
- Pending
- Size
- 4,500 SF
- Property subtype
- Commercial
Listing Agency:
SERHANT NEW JERSEY LLC
(201) 522-7641
Listed By:
MICHAEL TODARO
Source:
Corcoran
Added: May 5, 2023
Changed: Jul 6
Last Checked: Jul 23 at 9:59AM
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 SERHANT NEW JERSEY LLC
Investment Insights
Based on property information with market context.
This 4,500 square foot building was originally designed as an industrial warehouse but is currently used as a church. It features a 3,000 square foot fenced yard that can be used as a parking lot. The loading doors have been closed off. The building is equipped with central air conditioning and forced hot air. The ceiling height provides a 12-foot clearance. The property will be delivered vacant.
Key Highlights
- 4,500sf Industrial/Warehouse space
- Delivered vacant
- 3,000 sf fenced yard/parking lot
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 | $77.8k | $17.28 |
| − Vacancy | −$4.7k | −$1.04 |
| EGI | $73.1k | $16.24 |
| − OpEx | −$11.0k | −$2.44 |
| NOI | $62.1k | $13.81 |
4,500 SF · lease $17.28/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$887.6K
$776.6K – $1.04M
NOI $62,130 @ 7.0% cap · market cap 5.65%
Second Best
Industrial
$730.9K
$639.6K – $852.8K
NOI $51,166 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,253 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Churches & religious facilities
Similar Off Market Nearby
- Safeguard Self Storage — 66 Goffle Rd, Hawthorne, NJ 07506
- FNA — 175 E 15th St, Paterson, NJ 07524
- CubeSmart Self Storage — 200 Wagaraw Rd, Hawthorne, NJ 07506
- FPF Warehouse and Distribution Center LLC — 113-115 Madison Ave, Paterson, NJ 07524
- Dynamic Dynasty Moving — 85 Wagaraw Rd, Hawthorne, NJ 07506
FAQs
What type of property is this?
Warehouse - 4,500 SF industrial/warehouse with 3,000 SF fenced yard.
Where is this warehouse located?
The property is located at 85-89 Sassafras Paterson, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,500sf Industrial/Warehouse space; Delivered vacant; 3,000 sf fenced yard/parking lot
