5130 Hurley Pond Rd
Wall, NJ 07719
Building 5 · Industriel Propriété À vendre

The Geller Group at Marcus & Millichap is proud to offer this rare Industrial Outdoor
Storage (IOS) asset located at 5130 West Hurley Pond Road in Wall Township, New Jersey.
Priced at $14,500,000, the property spans 5.85 acres of GI 2 zoned industrial land and
now features a 14,750 SF office/industrial/warehouse structure—providing a far more
substantial built component alongside significant excess land. This enlarged building
footprint enhances functionality for IOS users, fleet operators, contractor yards, and
storage driven industrial tenants while preserving the oversized land to building ratio that
makes the site strategically valuable.
The property’s OFC/INDST/WHSE classification and GI 2 zoning permit a wide array of
industrial uses ideal for outdoor storage, staging, heavy equipment parking, and
operational yards. County tax records verify the 5.85 acre lot with a land assessment of
$585,000, emphasizing strong long term intrinsic value in a constrained IOS submarket.
Large, flexible yard oriented sites remain limited throughout Western Monmouth County,
significantly enhancing the offering’s scarcity value.
This offering represents a powerful value add IOS opportunity, supported by strong
existing cash flow and substantial upside through strategic lease up. The property
currently produces in place NOI of $367,379, providing immediate yield upon acquisition.
By expanding IOS oriented tenancy, optimizing utilization of the enlarged 14,750 SF
structure, and aligning rents to market levels, investors can drive performance to a
projected pro forma NOI of $1,070,054. This income growth is driven by IOS scarcity,
zoning flexibility, and increasing regional demand for yard centric industrial assets—
positioning the property for accelerated value creation.
Financial fundamentals continue to reflect stability. The site carries an assessed market
value of $903,300, with 2024 taxes of $19,131. Historical sale data showing a prior
transaction at $1,200,000 in 2013 demonstrates consistent long term valuation and
durable demand for industrial land and IOS configurations in the region.
Located near Route 34, Route 33, and the Garden State Parkway, the site provides
exceptional accessibility for logistics, contractor, service industrial, and fleet based
tenants. Surrounding households boast median incomes above $110,000 within five miles,
supporting strong regional business activity. Nearby industrial properties along Campus
Parkway and Industrial Road validate the depth of tenant demand within this submarket.