Industrial Facility for
For Sale
Contact for pricing
Pending
35 4th Ave, Hawthorne, NJ 07506
12,500 SF industrial facility zoned for manufacturing and warehousing.
Property Size12,500 SF
Days on Market183
Property Features for 35 4th Ave
General Information
Standard status
Pending
Size
12,500 SF
Class
C
Property subtype
Industrial
Zoning
I-1
Investment Type
Owner/User
Building Details
Year Built
1925
Listing Agency:
RE/MAX SELECT
(201) 240-5200
Listed By:
Patrick Varelas · License #NJ 1540486
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Jul 25 at 2:53PM
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 RE/MAX SELECT
Investment Insights
Based on property information with market context.
This is a 12,500 square foot industrial facility zoned for manufacturing and warehousing. The building features high ceilings, multiple open loft-style areas, and flexible space suitable for assembly, production, storage, and distribution. It includes ample office space and three loading areas. The property is situated on an oversized parcel, providing adaptability for a range of industrial or commercial uses. The location provides access to Route 208.
Key Highlights
- 12,500 sq ft industrial facility zoned for manufacturing and warehousing.
- Oversized parcel providing adaptability for various industrial/commercial uses.
- Convenient location minutes from Route 208, providing excellent regional access.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$170,368
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,407,360
$3.4M
Cap Rate 7%
$2,433,829
$2.4M
Cap Rate 9%
$1,892,978
$1.9M
Market Conditions
NOI Build-Up for 12,500 SF
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.
Gross rent
$213.0K $17.04/SF
− Vacancy
−$12.6K −$1.01/SF
EGI
$200.4K $16.03/SF
− OpEx
−$30.1K −$2.41/SF
NOI
$170.4K $13.63/SF
Area
Passaic 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,407,360
Cap Rate 7%
$2,433,829
Cap Rate 9%
$1,892,978
Alternative Uses
Best Use
Warehouse
$2.43M
$2.13M – $2.84M
NOI $170,368 @ 7.0% cap · market cap 5.50%
Second Best
Flex RnD
$2.05M
$1.79M – $2.39M
NOI $143,325 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$3.26M
$2.86M – $3.81M
NOI $228,480 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,375
Businesses Nearby
Explore this area
Business Placement
Demographics for 07506, NJ
19,637
Population
8,033
Households
2.4
Avg Household Size
42
Median Age
45%
College-Educated
95%
High-School Grad
3.3 sq mi
ZIP Area
5,951
Density / Sq Mi
$118,093
Median Household Income
$62,495
Median Earnings
$1,828
Median Rent
$499,200
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?
Manufacturing property - 12,500 SF industrial facility zoned for manufacturing and warehousing.
Where is this manufacturing property located?
The property is located at 35 4th Ave Hawthorne, NJ.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 12,500 sq ft industrial facility zoned for manufacturing and warehousing.; Oversized parcel providing adaptability for various industrial/commercial uses.; Convenient location minutes from Route 208, providing excellent regional access.
