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

    402 S Main St Williamstown, NJ 08094

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr

    Mixed-use property with office, storage, and warehouse spaces available.

    Lot size:
    0.97 Acres

    Property Features for 402 S Main St

    General Information

    Standard status
    Active
    Lot size
    0.97 Acres

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Jenifer Raffa
    Source: Exitrealty

    Listing Agency: SABAL REAL ESTATE Listing Agent: Jenifer Raffa

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

    Learn more

    Overview

    Versatile Mixed-Use Space on Main

    This mixed-use property offers a variety of spaces suitable for different business needs. The first floor features approximately 2,000 square feet of space, including seven private offices, a conference room, an open area, storage, and a reception area. The second floor provides an additional 2,000 square feet of office space. The property is move-in ready and fully furnished with eight workstations or cubicles, a large private office, a conference room, two bathrooms, and an open, airy space. Neutral and modern plank flooring is installed throughout. The offices can be modified to suit specific requirements. Utilities are included. Additional storage space is available, with approximately 800 square feet and 3,400 square feet of warehouse or industrial space accessible via an overhead door. The property is located on Main Street in Williamstown.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Grocery & Convenience Store Gym & Fitness Center Accounting Firm Bar & Pub Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamstown
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.9514
    Latitude
    39.6478

    Nearby Similar for Lease

    • $1,600 /Mo
      156,380 SF

      Versatile Office Space in Williamstown

      Well-located office space with flexible layout and strong visibility.
      4268 S Black Horse Park, Williamstown, NJ 08094
      View Details
    • $1,300 /Mo
      156,380 SF

      Professional Office Space For Lease

      Functional office suite with kitchenette, bathroom, and high-traffic visibility.
      4268 S Black Horse Park Unit, Williamstown, NJ 08094
      View Details
    • $3,000 /Mo
      400,752 SF

      Versatile Commercial Space on Black Horse

      High-visibility commercial space ideal for retail, office, or service businesses.
      2037 S Black Horse Pike, Williamstown, NJ 08094
      View Details
    • $1,100 /Mo

      Downtown Williamstown Office Space Available

      Prime 600 SF office space in a high-traffic location.
      5 S Main St, Williamstown, NJ 08094
      View Details
    • $1.00 SF/Yr

      Retail Restaurant Building For Rent

      5,000 SF retail restaurant building constructed in 2015.
      1840 S Black Horse Pike, Williamstown, NJ 08094
      View Details
    • Contact for pricing
      9,000 SF

      Williamstown Warehouse Space Available

      9,000 SF warehouse unit with loading dock and drive-in door.
      1041 Glassboro Rd, Williamstown, NJ
      View Details
    • $1,400 /Mo
      91,040 SF

      Professional Office Units with Basements

      Affordable office units with parking in a well-maintained complex.
      375 N Main St, Williamstown, NJ 08094
      View Details
    • $1,400 /Mo
      91,040 SF

      Affordable Office Units with Basements

      Well-maintained office units with basements and ample parking.
      375 N Main St, Williamstown, NJ 08094
      View Details
    • Contact for pricing
      1,200 SF

      Williamstown Shopping Center Retail Space

      Retail space available in Williamstown Shopping Center, newly renovated.
      1209 S Black Horse Pike, Williamstown, NJ
      View Details
    • Contact for pricing
      3,464 SF

      Retail Building on 0.68 Acres

      3,464 SF retail building with parking and highway frontage.
      139 Berlin Cross Keys Rd, Williamstown, NJ
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with office, storage, and warehouse spaces available.
    Where is this mixed-use property located?
    The property is located at 402 S Main St Williamstown, NJ.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Prime Main Street location in Williamstown.; - Move-in ready and fully furnished office space.; - Mixed-use property with flexible office space (4,000 +/- sf total).
    (856) 872-4100
    Request Owner's contact information
    402 S Main St Williamstown, NJ 08094
    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.
    402 S Main St
    Williamstown, NJ 08094
    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
    402 S Main St Williamstown, NJ 08094
    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
    Jenifer Raffa
    Real Estate License ID: 0453407
    (856) 872-4100 (609) 381-9350
    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!