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 Market102
Property Features for 2 Wilson Dr
General Information
Standard status
Active
Size
3,276 SF
Property subtype
Commercial
Building Details
Year Built
1199
Listing Agency:
C-21 CHRISTEL REALTY
(973) 627-6800
Listed By:
TERESA DRAPCZUK
Source:
Corcoran
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 31 at 5:04AM
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 C-21 CHRISTEL REALTY
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 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 | $55.8k | $17.04 |
| − Vacancy | −$3.3k | −$1.01 |
| EGI | $52.5k | $16.03 |
| − OpEx | −$7.9k | −$2.41 |
| NOI | $44.7k | $13.63 |
3,276 SF · lease $17.04/SF/yr · vacancy 5.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$637.9K
$558.1K – $744.2K
NOI $44,650 @ 7.0% cap · market cap 6.88%
Second Best
Industrial
$525.3K
$459.6K – $612.9K
NOI $36,771 @ 7.0% cap · market cap 5.67%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
307
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
Questions? Ask Rey
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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.
