Industrial Yard with Office
9 Paterson St Paterson, NJ 07501
For Sale
$3,000,000
Secured, gated industrial site with substantial paved yard and building office space for fleet and storage-oriented operations.
Property Size10,000 SF
Lot Size0.76 Acres
Price / SF$300
Days on Market48
Property Features for 9 Paterson St
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.76 Acres
Property subtype
Commercial
Building Details
Year Built
9999
Listing Agency:
NICHOLAS REAL ESTATE AGENCY
(973) 725-3778
Listed By:
NICHOLAS TSELEPIS · License #236690
Source:
Elliman
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 27 at 9:37AM
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 AGENCY
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 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 | $172.8k | $17.28 |
| − Vacancy | −$10.4k | −$1.04 |
| EGI | $162.4k | $16.24 |
| − OpEx | −$24.4k | −$2.44 |
| NOI | $138.1k | $13.81 |
10,000 SF · lease $17.28/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.97M
$1.73M – $2.30M
NOI $138,067 @ 7.0% cap · market cap 4.60%
Second Best
Industrial
$1.62M
$1.42M – $1.90M
NOI $113,702 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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 $3,000,000.
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
