Ogdensburg Industrial/Storage Buildings For
For Sale
Contact for pricing
50 Kennedy Ave, Ogdensburg, NJ 07439
Multiple industrial and storage buildings on 2+ acres.
Property Size15,000 SF
Lot Size2.00 Acres
Price / SF$223.33
Days on Market168
Property Features for 50 Kennedy Ave
General Information
Standard status
Active
Size
15,000 SF
Class
C
Lot size
2.00 Acres
Property subtype
Industrial
Zoning
LI/C - Light Industrial Commercial
Building Details
Buildings
10
Units
10
Listing Agency:
Fairclough Realtors
(973) 726-7800
Listed By:
Marc Weitz · License #NJ
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 13 at 2:07PM
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 Fairclough Realtors
Investment Insights
Based on property information with market context.
Multiple industrial and storage buildings are available for sale on over 2 acres of light industrial land. The property features a large amount of vehicle parking and outside storage. The zoning is light industrial commercial, making it ideal for a variety of businesses. There are 10 buildings of various sizes on the property, with 3-phase power and large outdoor parking and storage areas. One of the buildings contains a car lift. The floors are constructed with 4" poured concrete. The property includes a separate office area at the entrance. One of the smaller outbuildings is a former train station. Additionally, the property includes a 3-bedroom home, currently occupied by the owner, that could be rented separately or used by the new owner. The property is located approximately 1 hour from NYC and near routes 23, 15, 84, and 94.
Key Highlights
- Multiple industrial/storage buildings: 10 buildings of various sizes suitable for a variety of businesses.
- Large outdoor parking/storage areas: Substantial space for vehicle parking and outside storage.
- Light industrial commercial zoning: Allows for diverse business operations.
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
$168,364
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
5.03%
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%
$3,367,280
$3.4M
Cap Rate 7%
$2,405,200
$2.4M
Cap Rate 9%
$1,870,711
$1.9M
Market Conditions
NOI Build-Up for 15,000 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
$255.6K $17.04/SF
− Vacancy
−$15.1K −$1.01/SF
EGI
$240.5K $16.03/SF
− OpEx
−$72.2K −$4.81/SF
NOI
$168.4K $11.22/SF
Area
Sussex County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
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%
$3,367,280
Cap Rate 7%
$2,405,200
Cap Rate 9%
$1,870,711
Alternative Uses
Best Use
Industrial
$2.41M
$2.10M – $2.81M
NOI $168,364 @ 7.0% cap · market cap 5.03%
Second Best
Self Storage
$1.83M
$1.60M – $2.14M
NOI $128,205 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$3.92M
$3.43M – $4.57M
NOI $274,176 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Explore this area
Business Placement
Demographics for 07439, NJ
2,258
Population
984
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
1,026
Density / Sq Mi
$104,946
Median Household Income
$55,607
Median Earnings
$1,390
Median Rent
$311,900
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?
Industrial property - Multiple industrial and storage buildings on 2+ acres.
Where is this industrial property located?
The property is located at 50 Kennedy Ave Ogdensburg, NJ.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Multiple industrial/storage buildings: **10 buildings of various sizes** suitable for a variety of businesses.; Large outdoor parking/storage areas: Substantial space for vehicle parking and outside storage.; Light industrial commercial zoning: Allows for diverse business operations.
