Building Details

Building Size 3,000 SF

Year Built 1986

Stories 1

Units 1

Listing Agency: Keller Williams - Nj Metro Group Show Phone

Listed By: Pauline Panza Show Phone

Source: Cammarotarealestate

Added: Oct 14 Changed: Oct 22 Last Checked: Oct 22 at 2:16PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 3,000-square-foot light industrial warehouse was built in 1986 and has ceilings over 20 feet high. An overhead garage door provides access, and the unit is scheduled to be emptied and cleaned.

The property is near Routes 206, 80, 287 and 78 in Mount Olive Township, New Jersey.

Key Highlights

• 3,000‑square‑foot warehouse
• Ceilings exceed 20 feet
• Overhead garage door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,888

Cap Rate

7.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$817,760 $817.8K

Cap Rate 7%

$584,114 $584.1K

Cap Rate 9%

$454,311 $454.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$51.1K $17.04/SF

− Vacancy

−$3.0K −$1.01/SF

EGI

$48.1K $16.03/SF

− OpEx

−$7.2K −$2.41/SF

NOI

$40.9K $13.63/SF

Area

Morris 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%

$817,760

Cap Rate 7%

$584,114

Cap Rate 9%

$454,311

Alternative Uses

Best Use

Warehouse

$584.1K

$511.1K – $681.5K (±1% cap)

NOI $40,888 @ 7.0% cap · market cap 7.45%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$783.4K

$685.4K – $913.9K (±1% cap)

NOI $54,835 @ 7.0% cap · market cap 9.99%

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

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Bakery (Bike/Boat/Book/etc) Store Storage Facility Computer & Electronic Repair

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

271

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 07836, NJ

12,740

Population

4,777

Households

2.7

Avg Household Size

41

Median Age

51%

College-Educated

95%

High-School Grad

14.5 sq mi

ZIP Area

879

Density / Sq Mi

$154,743

Median Household Income

$76,453

Median Earnings

$1,872

Median Rent

$517,800

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

Similar Off Market Nearby

• Mmtc Inc — Flanders, NJ 07836

Frequently Asked Questions

What type of property is this?

Warehouse - Commercially zoned space offers high ceilings and a garage door for loading access.

Where is this warehouse located?

The property is located at 5 Laurel Dr #13 Flanders, NJ.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: 3,000‑square‑foot warehouse; Ceilings exceed 20 feet; Overhead garage door