Warehouse with Heated Cement
For Sale
$599,900
Pending
575 Wyckoff Mills Road, Howell, NJ 07731
Commercial Sale, Howell, NJ
Property Size2,400 SF
Lot Size1.80 Acres
Days on Market126
Property Features for 575 Wyckoff Mills Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot, Off Street
Lot features
Level, Cleared
Directions
Rt 9 to Adelphia tight onto wyckoff or strickland left on wyckoff
Subdivision
Adelphia
Standard status
Pending
APN
21-00142-0000-00006
Size
1,392 SF
Lot size
1.80 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8582
Utilities
Heating system
Baseboard, Oil
Water source
Well, Public
Building Details
Year built
1900
Floors in Building
2
Building materials
Shingle Siding
Roof type
Shingle
Listing Agency:
VRI Homes
(732) 264-9511
Listed By:
Lawrence Vecchio · License #7871741
(732) 264-9511
Added: Apr 28
Changed: Aug 19
Last Checked: Aug 31 at 8:06PM
MLS# 22611970
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property features a multi-use layout that includes a two-bedroom, one-bath home and a 40-by-60 (2,400 SF) building with a heated cement floor. The warehouse is supported by oil heat and baseboard heating, and the property is finished with shingle siding and a shingle roof.
Set on 1.8 acres, the property includes off-street parking with a parking lot. Water service includes both public and well. The site is positioned near major transportation for convenient business operations.
Built in 1900, the property offers a practical combination of office/living space and a heated warehouse suited to day-to-day work storage and operations.
Set on 1.8 acres, the property includes off-street parking with a parking lot. Water service includes both public and well. The site is positioned near major transportation for convenient business operations.
Built in 1900, the property offers a practical combination of office/living space and a heated warehouse suited to day-to-day work storage and operations.
Key Highlights
- 40‑by‑60 (2,400 SF) warehouse building with heated cement floor
- Includes two‑bedroom, one‑bath home
- 1.8‑acre lot with off‑street parking and parking lot
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
$21,406
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
3.57%
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%
$428,120
$428.1K
Cap Rate 7%
$305,800
$305.8K
Cap Rate 9%
$237,844
$237.8K
Market Conditions
NOI Build-Up for 1,392 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
$41.8K $30.00/SF
− Vacancy
−$2.8K −$2.04/SF
EGI
$38.9K $27.96/SF
− OpEx
−$17.5K −$12.58/SF
NOI
$21.4K $15.38/SF
Area
Monmouth County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$428,120
Cap Rate 7%
$305,800
Cap Rate 9%
$237,844
Alternative Uses
Best Use
Apartment 5plus
$305.8K
$267.6K – $356.8K
NOI $21,406 @ 7.0% cap · market cap 3.57%
Second Best
Warehouse
$231.5K
$202.5K – $270.1K
NOI $16,203 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$363.5K
$318.1K – $424.1K
NOI $25,444 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07731, NJ
39,677
Population
14,102
Households
2.8
Avg Household Size
40
Median Age
42%
College-Educated
94%
High-School Grad
31.8 sq mi
ZIP Area
1,248
Density / Sq Mi
$130,064
Median Household Income
$57,228
Median Earnings
$2,619
Median Rent
$454,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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- Zac's Storage — 710 Casino Dr, Howell Township, NJ 07731
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-use property on 1.8 acres with a 40-by-60 heated warehouse and on-site parking.
Where is this warehouse located?
The property is located at 575 Wyckoff Mills Road Howell, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 40‑by‑60 (2,400 SF) warehouse building with heated cement floor; Includes two‑bedroom, one‑bath home; 1.8‑acre lot with off‑street parking and parking lot
