Building Details

Year Built 1975

Listing Agency: RE/MAX SUPREME

Listed By: MARK SCUDERI · License #337250 Show Phone

Source: Corcoran

Added: Apr 22, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

Report an Issue

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 RE/MAX SUPREME

Investment Insights

Based on property information with market context.

This 6,013 sq. ft. industrial flex property is located on 4 acres in Lebanon Township's ROM-3 Zone (Research, Office, and Manufacturing). Situated on US Route 22 with access to I-78, the property offers convenience and development potential. Constructed in 1975, the building includes a two-story office space comprising approximately 3,728 sq. ft. (62%) suitable for professional or administrative operations. A 2,263 sq. ft. single-story warehouse and a workshop with a loading dock provide space for manufacturing, storage, or distribution. The property is zoned for research, office, and manufacturing, making it suitable for businesses seeking flexibility and growth. The 4 acres of land offer potential for larger-scale industrial development.

Key Highlights

• 6,013 sq. ft. industrial flex property on 4 acres in Lebanon Township's ROM‑3 Zone.
• Strategically located on US Route 22 with easy access to I‑78.
• 62% (approx. 3,728 sq. ft.) two‑story office space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$91,999

Cap Rate

7.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,839,980 $1.8M

Cap Rate 7%

$1,314,271 $1.3M

Cap Rate 9%

$1,022,211 $1.0M

Market Conditions

NOI Build-Up for 6,013 SF

Gross rent

$180.4K $30.00/SF

− Vacancy

−$57.7K −$9.60/SF

EGI

$122.7K $20.40/SF

− OpEx

−$30.7K −$5.10/SF

NOI

$92.0K $15.30/SF

Area

Hunterdon County, NJ

Vacancy

32.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,839,980

Cap Rate 7%

$1,314,271

Cap Rate 9%

$1,022,211

Alternative Uses

Best Use

Office B

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,999 @ 7.0% cap · market cap 7.67%

Second Best

Warehouse

$1.17M

$1.02M – $1.37M (±1% cap)

NOI $81,954 @ 7.0% cap · market cap 6.83%

Theoretical Best

Office A

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,908 @ 7.0% cap · market cap 9.16%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency HVAC Service Auto Repair Shop Spa & Massage Center Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 08801, NJ

8,345

Population

2,732

Households

3.1

Avg Household Size

41

Median Age

62%

College-Educated

97%

High-School Grad

15.0 sq mi

ZIP Area

556

Density / Sq Mi

$144,060

Median Household Income

$69,821

Median Earnings

$2,496

Median Rent

$501,000

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - 6,013 sq. ft. industrial flex property on 4 acres.

Where is this flex space located?

The property is located at 1411 Us Highway 22 Annandale, NJ.

What is the asking price?

The asking price for this property is $1,199,900.

What are key features of this property?

This property features: 6,013 sq. ft. industrial flex property on 4 acres in Lebanon Township's ROM‑3 Zone.; Strategically located on US Route 22 with easy access to I‑78.; 62% (approx. 3,728 sq. ft.) two‑story office space.