Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1515 Parkway Ave Ewing, NJ 08628

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $4,000,000

    34,910 SF industrial/warehouse space with office and parking.

    Lot size:
    1.58 Acres

    Property Features for 1515 Parkway Ave

    General Information

    Standard status
    Contract
    Lot size
    1.58 Acres

    Building Details

    Year built
    1953

    We can help!

    Listing Contact
    Jay R Ricigliano
    Source: Corcoran

    Listing Agency: Action USA Jay Robert Realtors Listing Agent: Jay R Ricigliano

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Industrial/Warehouse Space with Office

    This property features 34,910 square feet of industrial/warehouse space, including approximately 2,000 square feet of office space. The building includes four loading docks and two drive-in doors. Ceiling heights range from 14 to 17 feet. A sprinkler system is in place. The property is in good condition. The lot size is 1.58 acres, described as flat and level, at road grade, with approximately 250 feet of frontage. Paved parking is available for approximately 20 cars. The power supply is 300 amps and 240 volts, single phase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ewing
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.8120224
    Latitude
    40.2675419

    Nearby Similar for Sale

    • $2,900,000
      0.89 Acres

      Prime Ewing Township Retail Opportunity

      28,600 sq ft retail property in a high-traffic location.
      1661 Olden Avenue Ext, Ewing, NJ 08628
      View Details
    • $2,500,000

      Ewing Mixed-Use Property For Sale

      52,000 SF mixed-use property on 2.43 acres in Ewing, NJ.
      1150 Southard St, Ewing, NJ 08638
      View Details
    • $399,999

      Functional Warehouse Space For Sale

      2,745 SF warehouse on 8,000+ SF lot in Ewing Township.
      425 Hazel Ave, Ewing, NJ 08638
      View Details
    • $1,300,000

      Ewing Township Industrial Warehouse Package

      Two-building industrial package with income potential in high-demand corridor.
      312 Stokes Ave, Ewing, NJ 08638
      View Details
    • $475,000
      3,315 SF

      Ewing Office Space For Sale

      Office space available for purchase in Ewing, New Jersey.
      170 Scotch Rd, Ewing, NJ 08628
      View Details
    • $1,100,000
      Pending

      Updated Retail/Restaurant Space For Sale

      Updated retail/restaurant space with ample parking in Ewing, NJ.
      1822 N Olden Ave, Ewing, NJ 08638
      View Details
    • Contact for pricing
      4,598 SF

      Ewing Restaurant/Retail Opportunity

      4,598 SF restaurant/retail space with liquor license for sale.
      1769 N Olden Ave, Ewing, NJ 08610
      View Details
    • $1,599,000

      Ewing, NJ Versatile Opportunity

      Versatile property in prime location with development potential.
      1584 Parkside Ave, Ewing, NJ 08638
      View Details
    • Contact for pricing

      Versatile Commercial Property For Sale

      Over 15,000 sqft with active leases and vacant units.
      1960 Olden Avenue Ext, Ewing, NJ 08618
      View Details
    • $800,000
      7,355 SF

      Ewing, NJ Office Building For Sale

      Prime Office Space, 7,355 SF, Excellent Condition
      34 Scotch Rd, Ewing, NJ 08628
      View Details
    • $8,500,000
      49,642 SF

      Ewing Self-Storage Conversion Opportunity

      Recently renovated self-storage facility in densely populated area.
      558 W Ingham Ave, Ewing, NJ 08638
      View Details

    FAQs

    What type of property is this?
    Warehouse - 34,910 SF industrial/warehouse space with office and parking.
    Where is this warehouse located?
    The property is located at 1515 Parkway Ave Ewing, NJ.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Substantial 34,910 sq ft industrial/warehouse space.; - Includes approximately 2,000 sq ft of office space.; - Features **four loading docks and two drive-in doors.**
    (609) 954-4661
    Request Owner's contact information
    1515 Parkway Ave Ewing, NJ 08628
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1515 Parkway Ave
    Ewing, NJ 08628
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1515 Parkway Ave Ewing, NJ 08628
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jay R Ricigliano
    Real Estate License ID: 7819132
    (609) 954-4661 (609) 890-6858
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!