Industrial Yard with Office
For Sale
$2,850,000
9 Paterson St, Paterson, NJ 07501
Secured, gated industrial site with substantial paved yard and building office space for fleet and storage-oriented operations.
Property Size9,875 SF
Lot Size0.76 Acres
Price / SF$288.61
Days on Market126
Property Features for 9 Paterson St
General Information
Standard status
Active
Size
9,875 SF
Lot size
0.76 Acres
Property subtype
Commercial Listing
Zoning
MU
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$30,484
Building Details
Stories
1
Units
1
Listed By:
Nicholas Real Estate
(973) 634-8853
Source:
Nicholasrealestate.idxbroker
Added: Jun 10
Changed: Oct 13
Last Checked: Oct 12 at 4:43PM
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 Nicholas Real Estate
Investment Insights
Based on property information with market context.
This versatile industrial property is currently operating as a school bus company and is set up for transportation and equipment use. The secured, gated site includes a substantial fully paved yard and an approximately 10,000-square-foot building with office space. The lot size is approximately 0.76 acres (33,106 square feet), and the property presents possible expansion opportunity to support additional operational needs.
The site’s design supports daily vehicle activity, contractor work, and equipment storage, with ample room for vehicle parking and outdoor operational flexibility. It is described as having excellent accessibility for fleet operations and convenient access to major highways and transportation routes. Walkability and transit levels are reflected by a walkScore of 75 and transitScore of 35, with a bikeScore of 50.
With its functional yard, secured perimeter, and existing office space, the property can fit an owner-user or an industrial operator seeking a transportation-ready layout. Potential buyers should review the building and yard configuration for their specific fleet, storage, and office requirements, including how the site’s possible expansion may align with longer-term growth plans.
The site’s design supports daily vehicle activity, contractor work, and equipment storage, with ample room for vehicle parking and outdoor operational flexibility. It is described as having excellent accessibility for fleet operations and convenient access to major highways and transportation routes. Walkability and transit levels are reflected by a walkScore of 75 and transitScore of 35, with a bikeScore of 50.
With its functional yard, secured perimeter, and existing office space, the property can fit an owner-user or an industrial operator seeking a transportation-ready layout. Potential buyers should review the building and yard configuration for their specific fleet, storage, and office requirements, including how the site’s possible expansion may align with longer-term growth plans.
Key Highlights
- Secured, gated industrial site currently operating as a school bus company
- Approx. 0.76‑acre lot (33,106 SF) with substantial fully paved yard space for vehicles and outdoor storage
- Approx. 10,000 SF building with office space and possible expansion opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,341
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,726,820
$2.7M
Cap Rate 7%
$1,947,729
$1.9M
Cap Rate 9%
$1,514,900
$1.5M
Market Conditions
NOI Build-Up for 9,875 SF
Gross rent
$170.6K $17.28/SF
− Vacancy
−$10.2K −$1.04/SF
EGI
$160.4K $16.24/SF
− OpEx
−$24.1K −$2.44/SF
NOI
$136.3K $13.81/SF
Area
Paterson, NJ
Vacancy
6.00%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,726,820
Cap Rate 7%
$1,947,729
Cap Rate 9%
$1,514,900
Alternative Uses
Best Use
Warehouse
$1.95M
$1.70M – $2.27M
NOI $136,341 @ 7.0% cap · market cap 4.78%
Second Best
Industrial
$1.60M
$1.40M – $1.87M
NOI $112,281 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,499 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,549
Businesses Nearby
Explore this area
Business Placement
Demographics for 07501, NJ
37,918
Population
13,119
Households
2.9
Avg Household Size
33
Median Age
9%
College-Educated
71%
High-School Grad
1.8 sq mi
ZIP Area
21,066
Density / Sq Mi
$40,699
Median Household Income
$32,103
Median Earnings
$1,442
Median Rent
$304,400
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
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Frequently Asked Questions
What type of property is this?
Truck terminal - Secured, gated industrial site with substantial paved yard and building office space for fleet and storage-oriented operations.
Where is this truck terminal located?
The property is located at 9 Paterson St Paterson, NJ.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Secured, gated industrial site currently operating as a school bus company; Approx. 0.76‑acre lot (33,106 SF) with substantial fully paved yard space for vehicles and outdoor storage; Approx. 10,000 SF building with office space and possible expansion opportunity
