Heated Warehouse with Fenced
For Sale
$5,500,000
1400 N Mill Rd, Vineland, NJ 08360
Industrial facility with drive-in loading, high-clear storage, and secure outdoor yard.
Property Size43,000 SF
Lot Size8.00 Acres
Price / SF$127.91
Days on Market20
Property Features for 1400 N Mill Rd
General Information
Standard status
Active
Size
43,000 SF
Total Parking Spaces
18
Lot size
8.00 Acres
Zoning
I-B
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
19.8 ft
Drive-In Doors
5
Three-Phase Power
Yes
Sprinkler System
Yes
Amenities
EV charging station
24-hour access
Building Details
Year Built
2004
Listing Agency:
OMNI Real Estate Professionals
(609) 790-6079
Listed By:
Justin Kelly, John J. Kelly · License #675210
Source:
Lgagne
Added: Aug 10
Changed: Aug 27
Last Checked: Aug 28 at 12:57PM
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 OMNI Real Estate Professionals
Investment Insights
Based on property information with market context.
This 43,000-square-foot warehouse in Vineland, New Jersey, was built in 2004 and includes insulation, heating, office and lobby areas, two bathrooms, and parking for 18 vehicles or customers. Ceiling heights range from 18.7 to 19.8 feet, with a high-clear area reaching 35.5 feet. Five drive-in doors support loading operations, including four measuring 12' x 12' and one measuring 12' x 14'.
The approximately 8-acre property is zoned I-B and lies within the UEZ. Its location provides access to Route 55 and distribution routes serving South Jersey and the Philadelphia metro area. The site is currently operating as a recycling facility and includes a fully fenced yard, 3-phase power, a wet sprinkler system, motion detectors, and a 64 kW solar array with open feed capability.
Additional infrastructure includes 32 cameras, a truck weigh station, an EV charging station, and 24-hour access. Flexible leasing options are available for overflow parking, cell tower space, and rooftop solar expansion.
The approximately 8-acre property is zoned I-B and lies within the UEZ. Its location provides access to Route 55 and distribution routes serving South Jersey and the Philadelphia metro area. The site is currently operating as a recycling facility and includes a fully fenced yard, 3-phase power, a wet sprinkler system, motion detectors, and a 64 kW solar array with open feed capability.
Additional infrastructure includes 32 cameras, a truck weigh station, an EV charging station, and 24-hour access. Flexible leasing options are available for overflow parking, cell tower space, and rooftop solar expansion.
Key Highlights
- Approximately 8 acres with a 43,000‑square‑foot insulated, heated warehouse
- Five drive‑in doors: four at 12' x 12' and one at 12' x 14'
- Ceiling heights from 18.7 to 19.8 feet; high‑clear section reaches 35.5 feet
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
$301,647
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
5.48%
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%
$6,032,940
$6.0M
Cap Rate 7%
$4,309,243
$4.3M
Cap Rate 9%
$3,351,633
$3.4M
Market Conditions
NOI Build-Up for 43,000 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
$387.0K $9.00/SF
− Vacancy
−$32.1K −$0.75/SF
EGI
$354.9K $8.25/SF
− OpEx
−$53.2K −$1.24/SF
NOI
$301.6K $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%
$6,032,940
Cap Rate 7%
$4,309,243
Cap Rate 9%
$3,351,633
Alternative Uses
Best Use
Warehouse
$4.31M
$3.77M – $5.03M
NOI $301,647 @ 7.0% cap · market cap 5.48%
Second Best
Industrial
$3.59M
$3.14M – $4.19M
NOI $251,395 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$64.56M
$56.49M – $75.33M
NOI $4,519,541 @ 7.0% cap · market cap 82.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
5
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08360, NJ
43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Guard Docs — 820 N Delsea Dr, Vineland, NJ 08360
- M&O Freezer and Cold Storage — 1200 N Mill Rd, Vineland, NJ 08360
- Americold Logistics - Vineland, NJ — 2321 Industrial Way, Vineland, NJ 08360
- Davy Cold Storage — 2055 Demarco Dr, Vineland, NJ 08360
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility with drive-in loading, high-clear storage, and secure outdoor yard.
Where is this warehouse located?
The property is located at 1400 N Mill Rd Vineland, NJ.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Approximately 8 acres with a 43,000‑square‑foot insulated, heated warehouse; Five drive‑in doors: four at 12' x 12' and one at 12' x 14'; Ceiling heights from 18.7 to 19.8 feet; high‑clear section reaches 35.5 feet
