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250 Warren St Beverly, NJ 08010

Commercial real estate Google Maps
2,240 SF 0.19 ac lot Built 1940
Individually Owned 4-yr Hold Free & Clear
Estimated value (blended)
$125k
Range $113k – $138k (±10%)
Property ID US59-0670114

Property summary

AI-generated overview

This exceptional mixed-use property at 250 Warren Street in Beverly, NJ, presents a compelling investment opportunity with immediate cash flow potential. Spanning 2240 square feet on a 0.19-acre lot, this completely renovated building boasts brand new electrical, plumbing, HVAC systems, flooring, fixtures, appliances, and lighting throughout. The first floor offers 1,120 square feet of commercial space, perfectly suited for a variety of businesses. This area is divided into four separate rooms, includes a kitchenette, and features 1.5 bathrooms. Currently vacant, this space presents immediate leasing potential in a highly visible downtown location. Upstairs, a 3-bedroom, 1-bathroom apartment generates consistent rental income, currently leased month-to-month for $2,250. The property also includes a full basement providing ample storage space, and a convenient parking lot with capacity for 15 vehicles. This turnkey investment is priced at $388,777 and offers a rare blend of commercial and residential income streams, making it an ideal addition to any portfolio. The current tenant's lease on the apartment expires in August. This property is ready for immediate occupancy and income generation.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Construction BRICK
Total area 2,240 SF
Lot 0.19 ac (8,063 SF)
APN 02 01161-0000-00001
UPID US59-0670114

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$115k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$125k

Owner & transaction history

since 2021
Last sale
$100,000
3 recorded transactions
2021
$100,000
2017
$85,000
2010
$85,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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