Industrial Building with Office
For Sale
Contact for pricing
20 E Willow St, Millburn, NJ
7,600 SF industrial building with office and warehouse space.
Property Size7,600 SF
Lot Size0.42 Acres
Price / SF$276.32
Days on Market895
Property Features for 20 E Willow St
General Information
Standard status
Active
Size
7,600 SF
Lot size
0.42 Acres
Property subtype
INDUSTRIAL
Listing Agency:
The Blau & Berg Company
(973) 379-6644
Listed By:
John R. Longo
(908) 803-1876
Source:
Moodyscre
Added: May 16, 2024
Changed: Jul 6
Last Checked: Oct 26 at 6:43PM
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 The Blau & Berg Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a 7,600 square foot industrial building, featuring approximately 2,500 square feet of office space and 5,100 square feet of warehouse space. It includes 14-foot ceilings and one drive-in door. The lot size is approximately 0.43 acres, identified as Block 1004, Lot 7. There are 15 parking spaces available. The property's taxes were $15,534.55 in 2023. The cap rate is 4.28% with a net operating income of $90,000.
Key Highlights
- NOI $90,000
- ±7,600 SF Industrial Building
- Featuring ±2,500 SF Office and ±5,100 SF Warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,750
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,115,000
$2.1M
Cap Rate 7%
$1,510,714
$1.5M
Cap Rate 9%
$1,175,000
$1.2M
Market Conditions
NOI Build-Up for 7,600 SF
Gross rent
$134.1K $17.64/SF
− Vacancy
−$9.7K −$1.27/SF
EGI
$124.4K $16.37/SF
− OpEx
−$18.7K −$2.46/SF
NOI
$105.7K $13.91/SF
Area
Essex County, NJ
Vacancy
7.20%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,115,000
Cap Rate 7%
$1,510,714
Cap Rate 9%
$1,175,000
Alternative Uses
Best Use
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,750 @ 7.0% cap · market cap 5.04%
Second Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $87,088 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M
NOI $138,916 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,979
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Extra Space Storage — 30 Bleeker St, Millburn, NJ 07041
Frequently Asked Questions
What type of property is this?
Warehouse - 7,600 SF industrial building with office and warehouse space.
Where is this warehouse located?
The property is located at 20 E Willow St Millburn, NJ.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: NOI $90,000; ±7,600 SF Industrial Building; Featuring ±2,500 SF Office and ±5,100 SF Warehouse
