Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial/Warehouse Building with Fenced Yard Title is generated by Realmo AI

    85-89 Sassafras, Paterson, NJ 07524

    View on Map
    Claim this Listing
    For Sale
    $1,100,000

    4,500 SF industrial/warehouse with 3,000 SF fenced yard.

    Type:Commercial
    Property size:
    4,500 SF
    Price / SF:
    $244/SF
    Added:
    May 5, 2023
    Days on Market:
    1133
    Last Refresh:
    Apr 5 at 9:01 pm

    Property Features for 85-89 Sassafras

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    MICHAEL TODARO

    Listing agent MICHAEL TODARO

    Listing office SERHANT NEW JERSEY LLC

    Listing date May 5, 2023

    Source Corcoran

    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 SERHANT NEW JERSEY LLC

    HighLights

    • 4,500sf Industrial/Warehouse space
    • Delivered vacant
    • 3,000 sf fenced yard/parking lot
    • Benefit from 12' ceiling clearance
    • Central AC and forced hot air
    • Original use: Industrial/Warehouse

    Overview

    This 4,500 square foot building was originally designed as an industrial warehouse but is currently used as a church. It features a 3,000 square foot fenced yard that can be used as a parking lot. The loading doors have been closed off. The building is equipped with central air conditioning and forced hot air. The ceiling height provides a 12-foot clearance. The property will be delivered vacant.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $77.8k $17.28
    − Vacancy −$4.7k −$1.04
    EGI $73.1k $16.24
    − OpEx −$11.0k −$2.44
    NOI $62.1k $13.81
    4,500 SF · lease $17.28/SF/yr · vacancy 6.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $887.6K
    $776.6K – $1.04M (±1% cap)
    NOI $62,130 @ 7.0% cap · market cap 5.65%
    Second Best
    Industrial
    $730.9K
    $639.6K – $852.8K (±1% cap)
    NOI $51,166 @ 7.0% cap · market cap 4.65%
    Theoretical Best
    Office A
    $1.18M
    $1.03M – $1.37M (±1% cap)
    NOI $82,253 @ 7.0% cap · market cap 7.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Safeguard Self Storage — 66 Goffle Rd, Hawthorne, NJ 07506
    • FNA — 175 E 15th St, Paterson, NJ 07524
    • CubeSmart Self Storage — 200 Wagaraw Rd, Hawthorne, NJ 07506
    • FPF Warehouse and Distribution Center LLC — 113-115 Madison Ave, Paterson, NJ 07524
    • Dynamic Dynasty Moving — 85 Wagaraw Rd, Hawthorne, NJ 07506

    Location Insight

    • Map
    • Local Demand
    City
    Paterson
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1552
    Latitude
    40.9303

    Nearby Similar for Sale

    • $3,000,000
      9,875 SF

      Secured Industrial Truck Terminal Site

      Gated, paved yard with office space in an MU-zoned industrial property suited for fleet and storage operations.
      9 Paterson St, Paterson City, NJ 07501-1013
      View Details
    • $900,000
      3,600 SF

      Mixed-Use Retail With Two Businesses

      Two income-producing spaces with a bakery and laundromat; tenants cover city taxes and sewer.
      430-432 10Th Ave, Paterson City, NJ 07514-1808
      View Details
    • $1,950,000
      5,000 SF

      Versatile Commercial Building with Gated Lot

      5000 SF commercial building on 10,000 SF lot.
      72-78 Illinois Ave, Paterson City, NJ 07503-1724
      View Details
    • $879,999
      2,772 SF

      Mixed-Use Retail and Apartments

      Four-unit mixed-use building with two ground-level storefronts and two residential apartments, updated and ready for occupancy.
      615 E 22Nd St, Paterson City, NJ 07514-2842
      View Details
    • $850,000
      5,000 SF

      Corner Warehouse with Drive-In Dock

      Versatile warehouse with drive-in dock, office, and new sprinkler.
      246 Paterson Ave, Paterson City, NJ 07502-1739
      View Details
    • $4,190,000
      40,000 SF

      Industrial Building in Paterson City

      40,000 SF industrial building with flexible occupancy options.
      41-43 Governor St, Paterson City, NJ 07501-1053
      View Details
    • $769,000
      3,600 SF

      Income Producing Mixed-Use Property

      Mixed-use property in high-traffic area with restaurant, barber shop, apartments.
      515-517 Park Ave, Paterson City, NJ 07504-1861
      View Details
    • $999,000
      4,744 SF

      Mixed-Use Building with Retail Space

      Five-unit building with retail and residential income potential.
      89 Market St, Paterson City, NJ 07505-1274
      View Details
    • $639,000
      3,168 SF

      Mixed-Use Property in Paterson City

      Mixed-use property with residential and commercial income potential.
      331 Market St, Paterson City, NJ 07501-2247
      View Details
    • $679,000
      4,000 SF

      Spacious Multi-Family Home in Paterson

      Versatile multi-family home with income potential and flexible living.
      24 Elizabeth St, Paterson City, NJ 07503-2605
      View Details
    • $1,275,000
      4,008 SF

      Two-Story Six-Unit Multifamily Building

      Two-story six-unit income property with a mix of 2-bedroom layouts, partial recent renovations, and off-street parking.
      106-108 N 8Th St, Paterson City, NJ 07522-3120
      View Details
    • $839,000
      3,692 SF

      Income-Producing 3-Family Home

      Eastside Paterson 3-family home with high ceilings and separate utilities.
      90 Park Ave, Paterson City, NJ 07501-2223
      View Details

    FAQs

    What type of property is this?
    Warehouse - 4,500 SF industrial/warehouse with 3,000 SF fenced yard.
    Where is this warehouse located?
    The property is located at 85-89 Sassafras Paterson, NJ.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 4,500sf Industrial/Warehouse space; Delivered vacant; 3,000 sf fenced yard/parking lot
    (201) 522-7641
    We can help!
    Listing Contact
    MICHAEL TODARO
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    85-89 Sassafras, Paterson, NJ 07524
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!