Building Details

Building Size 3,276 SF

Stories 11

Units 1

Listing Agency: Century 21 Venture Real Estate Show Phone

Listed By: Teresa Drapczuk Show Phone

Source: Cammarotarealestate

Added: Apr 21 Changed: Oct 22 Last Checked: Oct 22 at 2:27PM

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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 Century 21 Venture Real Estate

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Investment Insights

Based on property information with market context.

This 3,276-square-foot flex unit has an open warehouse area with approximately 18-foot ceilings and a 14-foot-wide by 12-foot-high drive-in door. The end unit also contains three private offices, a restroom, a kitchenette, and a loft for additional storage. It is separately deeded within a larger industrial complex and will be delivered vacant; shelving may remain or be removed by the seller.

Zoned ED, the property includes on-site parking. An association manages maintenance of the shared areas. The unit’s layout brings warehouse and office functions together within one individually owned space.

Key Highlights

• 3,276 square feet with approximately 18‑foot ceilings
• 14‑foot‑wide by 12‑foot‑high drive‑in door
• End unit with three private offices, restroom, and kitchenette

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,650

Cap Rate

6.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$893,000 $893.0K

Cap Rate 7%

$637,857 $637.9K

Cap Rate 9%

$496,111 $496.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,276 SF

Gross rent

$55.8K $17.04/SF

− Vacancy

−$3.3K −$1.01/SF

EGI

$52.5K $16.03/SF

− OpEx

−$7.9K −$2.41/SF

NOI

$44.7K $13.63/SF

Area

Sussex County, NJ

Vacancy

5.90%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$893,000

Cap Rate 7%

$637,857

Cap Rate 9%

$496,111

Alternative Uses

Best Use

Warehouse

$637.9K

$558.1K – $744.2K (±1% cap)

NOI $44,650 @ 7.0% cap · market cap 6.88%

Second Best

Industrial

$525.3K

$459.6K – $612.9K (±1% cap)

NOI $36,771 @ 7.0% cap · market cap 5.67%

Theoretical Best

Office A

$855.4K

$748.5K – $998.0K (±1% cap)

NOI $59,880 @ 7.0% cap · market cap 9.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

SchoolCraft Studios Photography Service Deck Remodelers.com Award-Winning ... Construction Company Deck Remodelers Showroom Construction Company

Suggested Use

Top Pick Pharmacy Cafe & Coffee Shop Hair Salon Barber Shop Nail Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

295

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 07871, NJ

20,992

Population

8,367

Households

2.5

Avg Household Size

43

Median Age

62%

College-Educated

98%

High-School Grad

38.2 sq mi

ZIP Area

550

Density / Sq Mi

$167,443

Median Household Income

$84,587

Median Earnings

$1,831

Median Rent

$462,900

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Open storage space is paired with private offices, a kitchenette, and on-site parking.

Where is this flex space located?

The property is located at 2 Wilson Dr #4 Sparta, NJ.

What is the asking price?

The asking price for this property is $649,000.

What are key features of this property?

This property features: 3,276 square feet with approximately 18‑foot ceilings; 14‑foot‑wide by 12‑foot‑high drive‑in door; End unit with three private offices, restroom, and kitchenette