Industrial Distribution Facility with
For Sale
$795,000
741 LANDIS AVENUE, Bridgeton, NJ 08302
Former petroleum distribution site with a fenced yard, large sliding doors, and a loading rack serving a clear-span warehouse.
Property Size4,428 SF
Lot Size1.33 Acres
Price / SF$179.54
Days on Market657
Property Features for 741 LANDIS AVENUE
General Information
Standard status
Active
Size
4,428 SF
Total Parking Spaces
20
Lot size
1.33 Acres
Property subtype
Commercial/Industrial
Zoning
CMU
Site & Location
Traffic Count
8,041 vehicles/day
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Clear Height
14 ft
Taxes and HOA fees
Annual Taxes
$6,768
Building Details
Year Built
1982
Construction
wood-framed
Listing Agency:
Warner Real Estate & Auction Company
(856) 769-4111
Listed By:
Rich G Warner · License #120281
(856) 769-4111
Source:
Exitrealty
Added: Nov 5, 2024
Changed: Aug 23
Last Checked: Aug 23 at 7:59AM
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 Warner Real Estate & Auction Company
Investment Insights
Based on property information with market context.
This former petroleum distributor property includes a wood-framed warehouse with metal sandwich panels, an A-type metal roof, and a concrete slab foundation. The interior offers clear-span space with open wood-truss roof framing and approximately 14’ clear ceiling height, plus three sliding barn-type doors along the front, side, and rear. The package also features a fenced yard with 6’ chain-link fencing and an automatic gate, parking for at least 20 tractor-trailers, and a loading rack with two arms (3’ and 4’) alongside a Veeder-Root monitoring system. Storage includes 75,000 gallons.
The property is located in the Center Mixed Use (CMU) zoning district and sits just off SR 55 Exit 32 on Landis Avenue (SR 56). Recorded traffic counts on Landis Avenue are 8,041 vehicles per day (NJDOT 2020).
The sale package also includes a well-maintained, two-story colonial-style 2-bedroom dwelling on a 1.05-acre lot with a new gas heater.
The property is located in the Center Mixed Use (CMU) zoning district and sits just off SR 55 Exit 32 on Landis Avenue (SR 56). Recorded traffic counts on Landis Avenue are 8,041 vehicles per day (NJDOT 2020).
The sale package also includes a well-maintained, two-story colonial-style 2-bedroom dwelling on a 1.05-acre lot with a new gas heater.
Key Highlights
- 1.33+/- acre former petroleum distributor property (package sale) at 741 Landis Avenue and 716 Willow Street
- 4428+/- SF clear‑span warehouse (54' x 82') with 14'+/- clear ceiling height and open wood‑truss roof framing
- Warehouse exterior with metal sandwich panels and A‑type metal roof on concrete slab foundation; wood‑framed construction
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
$31,063
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
3.91%
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%
$621,260
$621.3K
Cap Rate 7%
$443,757
$443.8K
Cap Rate 9%
$345,144
$345.1K
Market Conditions
NOI Build-Up for 4,428 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
$39.9K $9.00/SF
− Vacancy
−$3.3K −$0.75/SF
EGI
$36.5K $8.25/SF
− OpEx
−$5.5K −$1.24/SF
NOI
$31.1K $7.02/SF
Area
Cumberland County, NJ
Vacancy
8.30%
Lease Rate
$9.00 /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%
$621,260
Cap Rate 7%
$443,757
Cap Rate 9%
$345,144
Alternative Uses
Best Use
Warehouse
$443.8K
$388.3K – $517.7K
NOI $31,063 @ 7.0% cap · market cap 3.91%
Second Best
Industrial
$369.8K
$323.6K – $431.5K
NOI $25,888 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$6.65M
$5.82M – $7.76M
NOI $465,408 @ 7.0% cap · market cap 58.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
8,041 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 08302, NJ
47,826
Population
16,038
Households
3
Avg Household Size
36
Median Age
13%
College-Educated
77%
High-School Grad
142.6 sq mi
ZIP Area
335
Density / Sq Mi
$60,301
Median Household Income
$34,137
Median Earnings
$1,351
Median Rent
$202,000
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?
Distribution center - Former petroleum distribution site with a fenced yard, large sliding doors, and a loading rack serving a clear-span warehouse.
Where is this distribution center located?
The property is located at 741 LANDIS AVENUE Bridgeton, NJ.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1.33+/- acre former petroleum distributor property (package sale) at 741 Landis Avenue and 716 Willow Street; 4428+/- SF clear‑span warehouse (54' x 82') with 14'+/- clear ceiling height and open wood‑truss roof framing; Warehouse exterior with metal sandwich panels and A‑type metal roof on concrete slab foundation; wood‑framed construction
