Bayonne Warehouse with Office
For Sale
Contact for pricing
94 W 7th St, Bayonne, NJ 07002
33,000 sq. ft. warehouse with office space for sale.
Property Size33,000 SF
Price / SF$166.52
Days on Market162
Property Features for 94 W 7th St
General Information
Standard status
Active
Size
33,000 SF
Class
B
Property subtype
Industrial
Zoning
industrial
Building Details
Buildings
1
Stories
1
Listing Agency:
William F. Connors Agency
Listed By:
William Connors III · License #NJ 8638577
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Aug 12 at 1:49PM
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 William F. Connors Agency
Investment Insights
Based on property information with market context.
A 33,000 sq. ft. vacant warehouse is available for sale in Bayonne, NJ. The property includes 26,000 sq. ft. of warehouse space and 7,000 sq. ft. of office space. It features 4 interior tailgates and 2 drive-in doors. The ceiling height ranges from 12 to 14 feet. The property is located within walking distance of a commuter train and offers convenient truck access just off Route 440.
Key Highlights
- Large 33,000 sq.ft. vacant warehouse space.
- Includes 26,000 sq.ft. of warehouse space and 7,000 sq.ft. of office space.
- Features 4 interior tailgates and 2 drive‑in doors.
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
$504,900
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
9.19%
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%
$10,098,000
$10.1M
Cap Rate 7%
$7,212,857
$7.2M
Cap Rate 9%
$5,610,000
$5.6M
Market Conditions
NOI Build-Up for 33,000 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
$990.0K $30.00/SF
− Vacancy
−$316.8K −$9.60/SF
EGI
$673.2K $20.40/SF
− OpEx
−$168.3K −$5.10/SF
NOI
$504.9K $15.30/SF
Area
Hudson County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$10,098,000
Cap Rate 7%
$7,212,857
Cap Rate 9%
$5,610,000
Alternative Uses
Best Use
Warehouse
$11.95M
$10.46M – $13.94M
NOI $836,475 @ 7.0% cap · market cap 15.22%
Second Best
Industrial
$9.96M
$8.71M – $11.62M
NOI $697,125 @ 7.0% cap · market cap 12.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07002, NJ
71,686
Population
30,161
Households
2.4
Avg Household Size
38
Median Age
40%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
12,360
Density / Sq Mi
$81,285
Median Household Income
$51,157
Median Earnings
$1,593
Median Rent
$446,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 33,000 sq. ft. warehouse with office space for sale.
Where is this warehouse located?
The property is located at 94 W 7th St Bayonne, NJ.
What is the asking price?
The asking price for this property is $5,495,000.
What are key features of this property?
This property features: Large 33,000 sq.ft. vacant warehouse space.; Includes **26,000 sq.ft. of warehouse space** and 7,000 sq.ft. of office space.; Features **4 interior tailgates and 2 drive‑in doors**.
