11 Vreeland RdFlorham Park, NJ 07932

  • Industrial properties
  • 5.72 AC
For Lease

Property Details for 11 Vreeland Rd

Year built
1980
Lot size
5.72 AC
Zone code
C-1
Property type
Industrial properties
Property subtype
Other industrial properties
APN
11 00301-0000-00009
APU
1100301000000009

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $47,186,016
    Hospitality
    $43,222,136
    Educational
    $35,960,312
    Medical
    $37,197,040
    Retail
    $55,938,260
11 Vreeland Rd, Florham Park, New Jersey

Location Insight

City
Florham Park
County
Morris
State
New Jersey
Latitude
40.7912
Longitude
-74.3691
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$104,155
$1,822,400
$4,638,800
$6,461,200
-
$1,822,400
$4,638,800
$6,461,200

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