Renovated Mixed-Use Property in
For Sale
$399,000
250 Warren St, Beverly, NJ 08010
2240 SF renovated mixed-use property with commercial space and apartment.
Property Size2,240 SF
Price / SF$178.13
Days on Market215
Property Features for 250 Warren St
General Information
Standard status
Active
Size
2,240 SF
Building Details
Year Built
1940
Listing Agency:
Keller Williams Realty - Moorestown
Listed By:
Austin Cennimo · License #2184680
(609) 372-6863
Source:
Soldbypattie
Added: Mar 5
Changed: Oct 2
Last Checked: Oct 5 at 11:44PM
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 Keller Williams Realty - Moorestown
Investment Insights
Based on property information with market context.
This 2240 square foot mixed-use property has been renovated down to the studs. The renovations include new electrical, plumbing, HVAC, flooring, fixtures, appliances, and lighting. The first floor features commercial space with 4 separate rooms, a kitchenette and 1.5 baths and is currently vacant. The second floor is a 3 bedroom, 1 bath apartment and is currently rented for $2,250 on a month to month lease until August. The property includes ample storage space in the full basement and a parking lot for 15 cars. It is located in downtown Beverly with high visibility.
Key Highlights
- Renovated to the studs with new electrical, plumbing, HVAC, flooring, fixtures, appliances, and lighting.
- Mixed‑use property with commercial space and a 3‑bedroom apartment.
- Currently generating rental income from the apartment ($2,250/month).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,005
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,100
$380.1K
Cap Rate 7%
$271,500
$271.5K
Cap Rate 9%
$211,167
$211.2K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$35.5K $15.84/SF
− Vacancy
−$5.1K −$2.27/SF
EGI
$30.4K $13.57/SF
− OpEx
−$11.4K −$5.09/SF
NOI
$19.0K $8.48/SF
Area
Burlington County, NJ
Vacancy
14.30%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,100
Cap Rate 7%
$271,500
Cap Rate 9%
$211,167
Alternative Uses
Best Use
Mixed Use
$271.5K
$237.6K – $316.8K
NOI $19,005 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.68M
$4.10M – $5.47M
NOI $327,944 @ 7.0% cap · market cap 82.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 08010, NJ
11,555
Population
4,995
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
3,210
Density / Sq Mi
$85,285
Median Household Income
$48,077
Median Earnings
$1,472
Median Rent
$227,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 2240 SF renovated mixed-use property with commercial space and apartment.
Where is this mixed-use property located?
The property is located at 250 Warren St Beverly, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Renovated to the studs with new electrical, plumbing, HVAC, flooring, fixtures, appliances, and lighting.; Mixed‑use property with commercial space and a 3‑bedroom apartment.; Currently generating rental income from the apartment ($2,250/month).
