Versatile Industrial Unit For
For Sale
$649,000
2 Wilson Dr, Sparta, NJ 07871
Flexible warehouse/office space with high ceilings and convenient access.
Property Size3,276 SF
Price / SF$198.11
Days on Market192
Property Features for 2 Wilson Dr
General Information
Standard status
Active
Size
3,276 SF
Listing Agency:
CENTURY 21 VENTURE REAL ESTATE
Listed By:
TERESA DRAPCZUK
(609) 220-0933
Source:
Luminancerealty
Added: Apr 22
Changed: Oct 26
Last Checked: Oct 5 at 11:34PM
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 industrial unit offers approximately 3,276 square feet of flexible warehouse and office space, suitable for various business operations. The property features a wide-open warehouse area with an approximate 18-foot ceiling height, providing ample vertical space for storage and operational equipment. A 14-foot wide by 12-foot high drive-in door facilitates convenient loading and access for vehicles and equipment. The end unit includes three private office spaces, a restroom, and a small kitchenette, creating a balanced environment for administrative and warehouse activities. An additional loft area offers bonus storage, maximizing usable space. Located within a larger industrial complex, this separately deeded and individually owned unit provides flexibility and long-term value. The association manages common area maintenance, ensuring a professionally managed setting. On-site parking is available. The space will be delivered vacant, and the buyer has the option to keep the existing shelving, or the seller will remove it.
Key Highlights
- ±3,276 SF flexible warehouse/office space suitable for various business uses.
- 18' ceiling height in the warehouse and a 14'w x 12' high drive‑in door for easy loading and access.
- Includes three private offices, restroom, and kitchenette for balanced operations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,771
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,420
$735.4K
Cap Rate 7%
$525,300
$525.3K
Cap Rate 9%
$408,567
$408.6K
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
−$15.8K −$4.81/SF
NOI
$36.8K $11.22/SF
Area
Sussex 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 Rate 5%
$735,420
Cap Rate 7%
$525,300
Cap Rate 9%
$408,567
Alternative Uses
Best Use
Industrial
$525.3K
$459.6K – $612.9K
NOI $36,771 @ 7.0% cap · market cap 5.67%
Second Best
Flex RnD
$478.2K
$418.4K – $557.9K
NOI $33,471 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$855.4K
$748.5K – $998.0K
NOI $59,880 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible warehouse/office space with high ceilings and convenient access.
Where is this flex space located?
The property is located at 2 Wilson Dr 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 SF flexible warehouse/office space suitable for various business uses.; 18' ceiling height in the warehouse and a **14'w x 12' high drive‑in door for easy loading and access.**; Includes three private offices, restroom, and kitchenette for balanced operations.
