Flex Warehouse
For Sale
$470,000
Pending
101 W Nicholson Rd, Audubon, NJ 08106
Flex warehouse space with convenient access to US-30 and regional routes including I-295 and I-76 via local roads.
Property Size4,800 SF
Days on Market139
Property Features for 101 W Nicholson Rd
General Information
Standard status
Pending
Size
4,800 SF
Total Parking Spaces
12
Zoning
COMMERCIAL
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,180
Amenities
Central Air
Forced Air, Natural Gas
Building Details
Building Size
4,800 SF
Year Built
1969
Listing Agency:
BHHS Fox & Roach-Marlton
Listed By:
Dawn Varallo · License #1329291
(856) 381-7884
Source:
Evrealestate
Added: May 5
Changed: Sep 10
Last Checked: Sep 20 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS Fox & Roach-Marlton
Investment Insights
Based on property information with market context.
This property is a flex warehouse facility suited for users looking for a combination of flexible workspace and warehouse/storage function. It is presented for sale as a commercial real estate asset in Camden County, NJ.
The location can be reached via the White Horse Pike (US-30), which intersects with Nicholson Road less than a mile to the south. The property also offers strong connectivity to major regional arteries, including I-295 and I-76, which connect to Nicholson Road through local secondary roads.
For buyers evaluating light industrial or warehouse-oriented space with the flexibility to support multiple day-to-day operating needs, this facility offers an access-focused profile. Its placement near Nicholson Road and nearby connections to US-30 and interstate routes can support distribution, service, or general storage requirements for appropriately sized operations.
The location can be reached via the White Horse Pike (US-30), which intersects with Nicholson Road less than a mile to the south. The property also offers strong connectivity to major regional arteries, including I-295 and I-76, which connect to Nicholson Road through local secondary roads.
For buyers evaluating light industrial or warehouse-oriented space with the flexibility to support multiple day-to-day operating needs, this facility offers an access-focused profile. Its placement near Nicholson Road and nearby connections to US-30 and interstate routes can support distribution, service, or general storage requirements for appropriately sized operations.
Key Highlights
- Central air cooling and forced air heating with natural gas
- Year built: 1969
- Convenient access via US‑30 (White Horse Pike) with Nicholson Road less than 1 mile to the south
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
$43,041
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
9.16%
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%
$860,820
$860.8K
Cap Rate 7%
$614,871
$614.9K
Cap Rate 9%
$478,233
$478.2K
Market Conditions
NOI Build-Up for 4,800 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
$69.1K $14.40/SF
− Vacancy
−$2.9K −$0.60/SF
EGI
$66.2K $13.80/SF
− OpEx
−$23.2K −$4.83/SF
NOI
$43.0K $8.97/SF
Area
Camden County, NJ
Vacancy
4.20%
Lease Rate
$14.40 /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%
$860,820
Cap Rate 7%
$614,871
Cap Rate 9%
$478,233
Alternative Uses
Best Use
Industrial
$668.2K
$584.6K – $779.5K
NOI $46,771 @ 7.0% cap · market cap 9.95%
Second Best
Flex RnD
$614.9K
$538.0K – $717.4K
NOI $43,041 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,195 @ 7.0% cap · market cap 18.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08106, NJ
9,698
Population
3,996
Households
2.4
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
1.6 sq mi
ZIP Area
6,061
Density / Sq Mi
$107,539
Median Household Income
$61,139
Median Earnings
$1,083
Median Rent
$286,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse space with convenient access to US-30 and regional routes including I-295 and I-76 via local roads.
Where is this flex space located?
The property is located at 101 W Nicholson Rd Audubon, NJ.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Central air cooling and forced air heating with natural gas; Year built: 1969; Convenient access via US‑30 (White Horse Pike) with Nicholson Road less than 1 mile to the south
