Flex Warehouse with Drive-In
For Sale
$425,000
1215 S 6th Street, Camden, NJ 08104
Former automotive facility with drive-in access and a fenced lot for vehicle-oriented storage and light industrial use.
Property Size4,155 SF
Price / SF$102.29
Days on Market114
Property Features for 1215 S 6th Street
General Information
Standard status
Active
Size
4,155 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Building Details
Year Built
2026
Listing Agency:
Vantage Real Estate Services
Listed By:
Leor Hemo
(800) 299-2129
Source:
Actionplusrealty
Added: May 3
Changed: Aug 23
Last Checked: Aug 24 at 7:02AM
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 Vantage Real Estate Services
Investment Insights
Based on property information with market context.
The property at 1215 S 6th St is a 4,155 SF former automotive facility designed for practical light industrial and flex use. The building includes a drive-in door measuring approximately 13 feet high by 8 feet wide, supporting straightforward vehicle access for service, contractor, or storage operations. The site also features a fenced lot, providing secure outdoor space for parking, equipment staging, or storage activities.
Located in Camden, NJ, the facility benefits from connectivity to major regional transportation routes, including I-676, Route 30, the Ben Franklin Bridge, and the Walt Whitman Bridge. This access is particularly relevant for businesses that need efficient movement between New Jersey and Philadelphia.
With its vehicle-friendly layout and secure outdoor area, this property can fit a range of light industrial users seeking an adaptable footprint for automotive-related operations, contractor work, or storage-based businesses. The drive-in configuration and fenced lot are well aligned for tenants and buyers that prioritize day-to-day workflow efficiency and controlled on-site storage.
Located in Camden, NJ, the facility benefits from connectivity to major regional transportation routes, including I-676, Route 30, the Ben Franklin Bridge, and the Walt Whitman Bridge. This access is particularly relevant for businesses that need efficient movement between New Jersey and Philadelphia.
With its vehicle-friendly layout and secure outdoor area, this property can fit a range of light industrial users seeking an adaptable footprint for automotive-related operations, contractor work, or storage-based businesses. The drive-in configuration and fenced lot are well aligned for tenants and buyers that prioritize day-to-day workflow efficiency and controlled on-site storage.
Key Highlights
- 4,155 SF former automotive facility in Camden, NJ with a functional layout for light industrial use
- Drive‑in door approx. 13 ft high by 8 ft wide for vehicle access and workflow
- Fenced lot included for secure outdoor storage, parking, or equipment staging
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
$37,257
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
8.77%
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%
$745,140
$745.1K
Cap Rate 7%
$532,243
$532.2K
Cap Rate 9%
$413,967
$414.0K
Market Conditions
NOI Build-Up for 4,155 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
$59.8K $14.40/SF
− Vacancy
−$2.5K −$0.60/SF
EGI
$57.3K $13.80/SF
− OpEx
−$20.1K −$4.83/SF
NOI
$37.3K $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%
$745,140
Cap Rate 7%
$532,243
Cap Rate 9%
$413,967
Alternative Uses
Best Use
Warehouse
$721.7K
$631.5K – $842.0K
NOI $50,522 @ 7.0% cap · market cap 11.89%
Second Best
Industrial
$578.4K
$506.1K – $674.8K
NOI $40,486 @ 7.0% cap · market cap 9.53%
Theoretical Best
Office A
$1.05M
$921.8K – $1.23M
NOI $73,747 @ 7.0% cap · market cap 17.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08104, NJ
21,951
Population
9,821
Households
2.2
Avg Household Size
32
Median Age
9%
College-Educated
79%
High-School Grad
3.0 sq mi
ZIP Area
7,317
Density / Sq Mi
$36,566
Median Household Income
$28,330
Median Earnings
$1,105
Median Rent
$87,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Beckett Street Terminal — 101 Joseph A. Balzano Blvd, Camden, NJ 08103
Frequently Asked Questions
What type of property is this?
Warehouse - Former automotive facility with drive-in access and a fenced lot for vehicle-oriented storage and light industrial use.
Where is this warehouse located?
The property is located at 1215 S 6th Street Camden, NJ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 4,155 SF former automotive facility in Camden, NJ with a functional layout for light industrial use; Drive‑in door approx. 13 ft high by 8 ft wide for vehicle access and workflow; Fenced lot included for secure outdoor storage, parking, or equipment staging
