439 WESTCOAT ROAD, Egg Harbor Township, NJ 08234
7.84-acre property with existing structure and development potential.
- Added:
- Jan 11, 2025
- Days on Market:
- 517
- Last Refresh:
- May 20 at 1:54 am
Property Features for 439 WESTCOAT ROAD
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 7.84 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1975
Listing agent Thomas Dati License #2184856 (610) 247-1472
Listing office Keller Williams Realty - Ocean City (610) 247-1472
Listing date Jan 11, 2025
Source Exitrealty
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HighLights
- Prime location with significant commercial development potential.
- Zoned for a wide range of uses: industrial park, flex space, storage, retail, and more.
- Existing 6,000 sq. ft. office space and 10,000 sq. ft. warehouse with 24‑foot ceilings and five overhead doors.
- Proximity to Atlantic City International Airport.
- New 657‑unit housing development less than a mile away, creating a robust market.
- Available as a complete package: existing structure plus 6 additional development lots totaling 32 acres.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $334.8k | $33.48 |
| − Vacancy | −$28.1k | −$2.81 |
| EGI | $306.7k | $30.67 |
| − OpEx | −$46.0k | −$4.60 |
| NOI | $260.7k | $26.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Egg Harbor Township
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.532
- Latitude
- 39.4331