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Property profile & analytics
OFF-MARKET Estimated value $610,000
Industrial properties

11 Vreeland Rd Florham Park, NJ 07932-1511

5.72 ac lot Built 1980
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US59-3063081
Property summary
AI-generated overview

This exceptional 83,840-square-foot industrial warehouse in Florham Park, New Jersey, presents a compelling investment opportunity. Situated on a spacious 5.72-acre lot, this single-tenant property boasts a range of desirable features. The warehouse features ceiling heights ranging from 10 to 22 feet, providing ample vertical space for various storage and operational needs. Loading and unloading are facilitated by four loading docks and one drive-in door. The property benefits from a robust 2000-amp power supply, ensuring sufficient energy for demanding operations. The building is fully air-conditioned, offering a comfortable and efficient work environment. Further enhancing its appeal is a backup generator, providing uninterrupted power during outages. The property also presents potential for additional income generation through a cell tower lease. Conveniently located with a NJ Transit bus stop directly in front, this property offers easy access for employees. Significant renovations totaling $1 million have recently been completed, and the property offers expansion potential, allowing for future growth and adaptation to evolving business needs. Located in Morris County, at 11 Vreeland Road, Florham Park, NJ 07932, this warehouse is strategically positioned for success. The property is available for sale or leaseback.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1980
Lot 5.72 ac (249,346 SF)
Zoning code C-1
APN 11 00301-0000-00009
UPID US59-3063081
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • PCS Wireless Inc Electronics & Wireless Store
  • Pcs Warehouse Mobile Phone Store Electronics & Wireless Store
  • rvtw wearehouse Big Box & Wholesale Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$610k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$610k
Owner & transaction history
Eleven Vreeland LLC · 18 yrs held
Eleven Vreeland LLC
since 2008
6 recorded transactions
2022
Price N/A
2017
Price N/A
2008
$7.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-1 · Florham Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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