Office with Warehouse Condo

BERLIN, NJ 08009 Berlin, NJ 08009

Claim this Listing
For Sale
$350,000

SINGLE_FAMILY - BERLIN, NJ

Property size:
2,300 SF
Price / SF:
$152/SF
Added:
Mar 6, 2026
Days on Market:
126
Last Refresh:
Jul 10 at 9:06 pm

Property Features

General Information

Property type
Residential
Property subtype
Other
Standard status
Active
Size
2,300 SF

Building Details

Year built
1997

Listing agent Sid Benstead License #RS361696

Listing office BHHS Fox & Roach Marlton-Voorhees Home Marketing Center NJ

Listing date Mar 6, 2026

MLS# NJCD2112338

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 2,300 square foot commercial condo features both office and warehouse space. The office area includes a reception area, several private offices, and a restroom. The warehouse portion has an overhead drive-in door and a loft for additional storage. Currently, the property is tenant-occupied with two years remaining on the lease. The property is located in Berlin, New Jersey, just off Route 73.

Key Highlights

  • Tenant in place with two years remaining on lease, providing immediate income.
  • Located just off Route 73, offering excellent accessibility.
  • Includes both office (2,300 sq. ft. with reception area, private offices, and restroom) and warehouse space.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $35.9k $15.60
− Vacancy −$3.0k −$1.29
EGI $32.9k $14.31
− OpEx −$4.9k −$2.15
NOI $28.0k $12.16
2,300 SF · lease $15.60/SF/yr · vacancy 8.30% · expense 15.00%

Alternative Uses

Best Use
Office B
$461.1K
$403.4K – $537.9K (±1% cap)
NOI $32,275 @ 7.0% cap · market cap 9.22%
Second Best
Warehouse
$399.5K
$349.6K – $466.1K (±1% cap)
NOI $27,967 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$583.2K
$510.3K – $680.4K (±1% cap)
NOI $40,822 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Flex space

FAQs

What type of property is this?
Flex space - 2,300 sq ft office/warehouse condo for sale.
Where is this flex space located?
The property is located at Berlin, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Tenant in place with two years remaining on lease, providing immediate income.; Located just off Route 73, offering excellent accessibility.; Includes both office (2,300 sq. ft. with reception area, private offices, and restroom) and warehouse space.
Contact an agent
More about this property
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