Warehouse-Office Flex
For Sale
Contact for pricing
133 Bauer Dr, Oakland, NJ 07436
Industrial space pairs warehouse functionality with dedicated office accommodation and access to major regional roads.
Property Size37,500 SF
Price / SF$250
Days on Market467
Property Features for 133 Bauer Dr
General Information
Standard status
Active
Size
37,500 SF
Property subtype
Industrial
Warehouse & Industrial
Warehouse Space
33,500 SF
Office Build-Out
4,000 SF
Additional Details
Highway Access
Yes
Building Details
Building Size
37,500 SF
Listing Agency:
WTD Realty Partners
Listed By:
William T. Diana · License #NY10491212969
Source:
Crexi
Added: May 21, 2025
Changed: Aug 30
Last Checked: Aug 30 at 8:36AM
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 WTD Realty Partners
Investment Insights
Based on property information with market context.
This flex-space property contains 37,500 SF arranged for both industrial and office use. The layout includes 33,500 SF of warehouse area and 4,000 SF of office space, providing a clear separation between operational and administrative functions within one facility.
Regional access is available through the I-287 Expressway and Route 208. The property is located at 133 Bauer Drive in Oakland, New Jersey, and is offered for sale.
Regional access is available through the I-287 Expressway and Route 208. The property is located at 133 Bauer Drive in Oakland, New Jersey, and is offered for sale.
Key Highlights
- 37,500 SF total property size
- 33,500 SF of warehouse space
- 4,000 SF of office space
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
$573,750
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
6.12%
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%
$11,475,000
$11.5M
Cap Rate 7%
$8,196,429
$8.2M
Cap Rate 9%
$6,375,000
$6.4M
Market Conditions
NOI Build-Up for 37,500 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
$1.13M $30.00/SF
− Vacancy
−$360.0K −$9.60/SF
EGI
$765.0K $20.40/SF
− OpEx
−$191.3K −$5.10/SF
NOI
$573.8K $15.30/SF
Area
Bergen County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$11,475,000
Cap Rate 7%
$8,196,429
Cap Rate 9%
$6,375,000
Alternative Uses
Best Use
Office B
$8.20M
$7.17M – $9.56M
NOI $573,750 @ 7.0% cap · market cap 6.12%
Second Best
Warehouse
$7.30M
$6.39M – $8.52M
NOI $511,104 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$9.79M
$8.57M – $11.42M
NOI $685,440 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07436, NJ
12,750
Population
4,680
Households
2.7
Avg Household Size
44
Median Age
54%
College-Educated
97%
High-School Grad
8.5 sq mi
ZIP Area
1,500
Density / Sq Mi
$162,763
Median Household Income
$69,360
Median Earnings
$1,466
Median Rent
$566,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial space pairs warehouse functionality with dedicated office accommodation and access to major regional roads.
Where is this flex space located?
The property is located at 133 Bauer Dr Oakland, NJ.
What is the asking price?
The asking price for this property is $9,375,000.
What are key features of this property?
This property features: 37,500 SF total property size; 33,500 SF of warehouse space; 4,000 SF of office space
