Flex Space with
For Sale
$699,000
619 Church Street, Pleasantville, NJ 08232
COMMERCIAL - Pleasantville, NJ
Property Size4,500 SF
Lot Size0.50 Acres
Price / SF$155.33
Days on Market128
Property Features for 619 Church Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UEZC
Rooms
Office
Interior features
Restroom
Lot features
Commercial Park
Directions
Route 9 to Church St
Subdivision
Pleasantville City
Standard status
Active
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18263
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Number of units
1
Flooring type
Concrete
Listing Agency:
Re/Max One Realty - Moorestown
(856) 866-2525
Listed By:
Stefani Roach · License #8938810
(609) 670-4082
Added: May 1
Changed: Aug 4
Last Checked: Sep 5 at 6:06AM
MLS# 607410
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property combines a 4,000-square-foot warehouse with a 500-square-foot office area. The warehouse offers an open layout, concrete flooring, 12' ceilings, and 16' to the underside of the roof deck. One overhead door supports deliveries and vehicle entry, while a standard entry door serves staff and visitors. Two forced gas heating units, central air, a restroom, and secure entry points support day-to-day operations. The office area provides climate-controlled workspace for administrative functions or meetings.
The property includes 8-10 parking spaces and a grass outdoor storage area measuring approximately 100 by 20 feet. UEZC zoning supports industrial and commercial uses identified in the property information, including manufacturing, distribution, warehousing, and administrative operations. Public water and public sewer serve the property, which was built in 1980. Located at 619 Church Street in Pleasantville, New Jersey, the site offers access for employees, visitors, deliveries, and larger vehicles.
The property includes 8-10 parking spaces and a grass outdoor storage area measuring approximately 100 by 20 feet. UEZC zoning supports industrial and commercial uses identified in the property information, including manufacturing, distribution, warehousing, and administrative operations. Public water and public sewer serve the property, which was built in 1980. Located at 619 Church Street in Pleasantville, New Jersey, the site offers access for employees, visitors, deliveries, and larger vehicles.
Key Highlights
- 4,000‑square‑foot open warehouse with 12' ceilings and 16' to the underside of the roof deck
- Adjacent 500‑square‑foot office area with central air and secure entry
- 1 overhead door plus 1 standard entry door for deliveries, vehicles, staff, and visitors
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
$48,965
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
7.01%
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%
$979,300
$979.3K
Cap Rate 7%
$699,500
$699.5K
Cap Rate 9%
$544,056
$544.1K
Market Conditions
NOI Build-Up for 4,500 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
$81.0K $18.00/SF
− Vacancy
−$5.7K −$1.26/SF
EGI
$75.3K $16.74/SF
− OpEx
−$26.4K −$5.86/SF
NOI
$49.0K $10.88/SF
Area
Atlantic County, NJ
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$979,300
Cap Rate 7%
$699,500
Cap Rate 9%
$544,056
Alternative Uses
Best Use
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,304 @ 7.0% cap · market cap 16.78%
Second Best
Industrial
$1.38M
$1.21M – $1.61M
NOI $96,603 @ 7.0% cap · market cap 13.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08232, NJ
19,897
Population
7,136
Households
2.8
Avg Household Size
37
Median Age
11%
College-Educated
73%
High-School Grad
5.9 sq mi
ZIP Area
3,372
Density / Sq Mi
$52,476
Median Household Income
$30,661
Median Earnings
$1,210
Median Rent
$179,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial and office configuration with outdoor storage, truck access, heating, cooling, and public utilities.
Where is this flex space located?
The property is located at 619 Church Street Pleasantville, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4,000‑square‑foot open warehouse with 12' ceilings and 16' to the underside of the roof deck; Adjacent 500‑square‑foot office area with central air and secure entry; 1 overhead door plus 1 standard entry door for deliveries, vehicles, staff, and visitors
