30,000 SF Warehouse For
For Sale
Contact for pricing
72 2nd Ave, Paterson, NJ 07514
30,000 SF warehouse with office and storage space available.
Property Size30,000 SF
Price / SF$196.67
Days on Market826
Property Features for 72 2nd Ave
General Information
Standard status
Active
Size
30,000 SF
Property subtype
Industrial
Building Details
Stories
2
Listing Agency:
Nicholas Real Estate Agency
Listed By:
Nicholas Tselepis · License #7821189
(973) 725-3778
Source:
Crexi
Added: Jul 2, 2024
Changed: Sep 21
Last Checked: Oct 4 at 10:01AM
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 property features approximately 30,000 square feet of warehouse space, including 5,000 square feet on the second floor suitable for office or storage use. The warehouse has a ceiling height ranging from 14 to 18 feet. It includes two drive-in entrances and one loading dock. The property also offers a basement for additional storage and office space on the first floor.
Key Highlights
- Approximately 30,000 sqft warehouse space
- Includes 5,000 sqft on 2nd floor for office or storage
- 14‑18 ft ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$459,000
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,180,000
$9.2M
Cap Rate 7%
$6,557,143
$6.6M
Cap Rate 9%
$5,100,000
$5.1M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$900.0K $30.00/SF
− Vacancy
−$288.0K −$9.60/SF
EGI
$612.0K $20.40/SF
− OpEx
−$153.0K −$5.10/SF
NOI
$459.0K $15.30/SF
Area
Paterson, 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 Rate 5%
$9,180,000
Cap Rate 7%
$6,557,143
Cap Rate 9%
$5,100,000
Alternative Uses
Best Use
Office B
$6.56M
$5.74M – $7.65M
NOI $459,000 @ 7.0% cap · market cap 7.78%
Second Best
Warehouse
$5.92M
$5.18M – $6.90M
NOI $414,202 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$7.83M
$6.85M – $9.14M
NOI $548,352 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,332
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 07514, NJ
19,200
Population
6,752
Households
2.8
Avg Household Size
37
Median Age
12%
College-Educated
78%
High-School Grad
0.9 sq mi
ZIP Area
21,333
Density / Sq Mi
$65,492
Median Household Income
$34,962
Median Earnings
$1,472
Median Rent
$314,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- FNA — 175 E 15th St, Paterson, NJ 07524
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- Nearby Self Storage Units — 7-17 Fair Lawn Ave, Fair Lawn, NJ 07410, United States
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- Krauszer's Food Store — 16-15 River Rd, Fair Lawn, NJ 07410
Frequently Asked Questions
What type of property is this?
Warehouse - 30,000 SF warehouse with office and storage space available.
Where is this warehouse located?
The property is located at 72 2nd Ave Paterson, NJ.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Approximately 30,000 sqft warehouse space; Includes **5,000 sqft on 2nd floor for office or storage**; 14‑18 ft ceiling height
