Warehouse with Drive-In
For Sale
Contact for pricing
5 Washington St, West Orange, NJ 07052
Open warehouse layout with drive-in access and shared parking.
Property Size3,800 SF
Price / SF$1.45
Days on Market82
Property Features for 5 Washington St
General Information
Standard status
Active
Size
3,800 SF
Additional Details
Drive-In Doors
2
Building Details
Year Built
1948
Listing Agency:
LATTIMER REALTY
Listed By:
DARREN J. JONES
(973) 954-8909
Source:
Goldstandardrealty
Added: Aug 2
Changed: Oct 7
Last Checked: Oct 7 at 2:10PM
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 LATTIMER REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property offers approximately 3800 sq ft with a broad open interior and 2 drive-in garage doorways. Shared parking serves the property, while the owner is willing to discuss renovations or improvements. Constructed in 1948, the building is located at 5 Washington St in West Orange Twp., NJ 07052. The property information also identifies a triple net lease structure.
Key Highlights
- Approximately 3800 sq ft of warehouse space
- 2 drive‑in garage doorways
- Large open interior area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,875
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,500
$1.1M
Cap Rate 7%
$755,357
$755.4K
Cap Rate 9%
$587,500
$587.5K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$67.0K $17.64/SF
− Vacancy
−$4.8K −$1.27/SF
EGI
$62.2K $16.37/SF
− OpEx
−$9.3K −$2.46/SF
NOI
$52.9K $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%
$1,057,500
Cap Rate 7%
$755,357
Cap Rate 9%
$587,500
Alternative Uses
Best Use
Warehouse
$755.4K
$660.9K – $881.3K
NOI $52,875 @ 7.0% cap · market cap 961.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$992.3K
$868.2K – $1.16M
NOI $69,458 @ 7.0% cap · market cap 1,262.87%
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
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07052, NJ
48,867
Population
18,300
Households
2.7
Avg Household Size
42
Median Age
53%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
4,072
Density / Sq Mi
$131,456
Median Household Income
$63,458
Median Earnings
$1,791
Median Rent
$527,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- A to Z Self Storage LLC — 245 Snyder St, City of Orange, NJ 07050
Frequently Asked Questions
What type of property is this?
Warehouse - Open warehouse layout with drive-in access and shared parking.
Where is this warehouse located?
The property is located at 5 Washington St West Orange, NJ.
What are key features of this property?
This property features: Approximately 3800 sq ft of warehouse space; 2 drive‑in garage doorways; Large open interior area
