Renovated Manufacturing
For Sale
Contact for pricing
17 Vreeland Street, Lodi, NJ 07644
Industrial-zoned property with warehouse space, updated offices, loading access, and on-site parking in Lodi, New Jersey.
Property Size6,500 SF
Price / SF$215.38
Days on Market168
Property Features for 17 Vreeland Street
General Information
Standard status
Active
Size
6,500 SF
Total Parking Spaces
12
Property subtype
Industrial
Zoning
Industrial
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
17 ft
Dock-High Doors
2
Additional Details
Highway Access
Yes
Amenities
Renovated office space
Conference room
Kitchen/break area
Building Details
Year Built
1955
Year Renovated
2026
Buildings
1
Building Size
6,500 SF
Listing Agency:
KW Commercial
(201) 592-8900
Listed By:
Bruce Elia · License #NJ 0893523
Source:
Crexi
Added: Mar 16
Changed: Aug 30
Last Checked: May 26 at 9:20AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This manufacturing property includes a 6,500 SF building constructed in 1955 and renovated in 2026. The facility offers 17 ft clear ceiling heights, two loading docks, and an industrial zoning designation. Interior improvements include four private offices, a dedicated conference room, and a kitchen and break area, supporting administrative and operational functions within the same building.
The property is located at 17 Vreeland Street in Lodi, New Jersey, within Northern New Jersey’s industrial and manufacturing market. Access to interstates and major highways supports regional distribution and logistics connectivity. Teterboro Airport, the Port Newark-Elizabeth Marine Terminal, and the Meadowlands Sports Complex are identified nearby. Twelve on-site parking spaces complete the property’s functional layout.
The property is located at 17 Vreeland Street in Lodi, New Jersey, within Northern New Jersey’s industrial and manufacturing market. Access to interstates and major highways supports regional distribution and logistics connectivity. Teterboro Airport, the Port Newark-Elizabeth Marine Terminal, and the Meadowlands Sports Complex are identified nearby. Twelve on-site parking spaces complete the property’s functional layout.
Key Highlights
- 6,500 SF manufacturing and warehouse building
- Built in 1955 and renovated in 2026
- 17 ft clear ceiling heights
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
$72,958
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
5.21%
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%
$1,459,160
$1.5M
Cap Rate 7%
$1,042,257
$1.0M
Cap Rate 9%
$810,644
$810.6K
Market Conditions
NOI Build-Up for 6,500 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
$110.8K $17.04/SF
− Vacancy
−$6.5K −$1.01/SF
EGI
$104.2K $16.03/SF
− OpEx
−$31.3K −$4.81/SF
NOI
$73.0K $11.22/SF
Area
Bergen County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,459,160
Cap Rate 7%
$1,042,257
Cap Rate 9%
$810,644
Alternative Uses
Best Use
Industrial
$1.04M
$912.0K – $1.22M
NOI $72,958 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,810 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
2
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 07644, NJ
26,206
Population
9,864
Households
2.7
Avg Household Size
39
Median Age
28%
College-Educated
85%
High-School Grad
2.3 sq mi
ZIP Area
11,394
Density / Sq Mi
$84,570
Median Household Income
$48,142
Median Earnings
$1,675
Median Rent
$449,200
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?
Manufacturing property - Industrial-zoned property with warehouse space, updated offices, loading access, and on-site parking in Lodi, New Jersey.
Where is this manufacturing property located?
The property is located at 17 Vreeland Street Lodi, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 6,500 SF manufacturing and warehouse building; Built in 1955 and renovated in 2026; 17 ft clear ceiling heights
