Warehouse For
2 Stewart Ct Denville, NJ 07834
2 Stewart Ct, Denville, NJ, 07834
$4,085,000
For Sale
$4,085,000
For sale warehouse property totaling 19,800 square feet in Denville, New Jersey.
Property Size19,800 SF
Price / SF$206.31
Days on Market111
Property Features for 2 Stewart Ct
General Information
- Standard status
- Active
- Size
- 19,800 SF
- Property subtype
- Warehouse
Building Details
- Year Built
- 1987
Listing agency
Marcus & Millichap - New Jersey
(201) 742-6118
Listed by
Alan Cafiero · License #License(s): NJ: 0791092
(201) 742-6118
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 22 at 2:32AM Checked: Jul 22 at 2:32AM
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 Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
Offered for sale, this warehouse property totals 19,800 square feet.
The asset is located at 2 Stewart Ct in Denville, Morris County, New Jersey. Additional investment and operating details were not provided with the listing information.
The asset is located at 2 Stewart Ct in Denville, Morris County, New Jersey. Additional investment and operating details were not provided with the listing information.
Key Highlights
- Warehouse for sale totaling 19,800 SF in Denville, Morris County, NJ
- Built in 1987
Local 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 | $337.4k | $17.04 |
| − Vacancy | −$19.9k | −$1.01 |
| EGI | $317.5k | $16.03 |
| − OpEx | −$47.6k | −$2.41 |
| NOI | $269.9k | $13.63 |
19,800 SF · lease $17.04/SF/yr · vacancy 5.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.86M
$3.37M – $4.50M
NOI $269,863 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.17M
$4.52M – $6.03M
NOI $361,912 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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- Bruce R. Koerner Cranes & Equipment — 400 Franklin Ave, Rockaway, NJ 07866
FAQs
What type of property is this?
Warehouse - For sale warehouse property totaling 19,800 square feet in Denville, New Jersey.
Where is this warehouse located?
The property is located at 2 Stewart Ct Denville, NJ.
What is the asking price?
The asking price for this property is $4,085,000.
What are key features of this property?
This property features: Warehouse for sale totaling 19,800 SF in Denville, Morris County, NJ; Built in 1987
