Mixed-Use Flex Space
For Sale
$1,950,000
126 MOUNT BETHEL RD, Warren, NJ 07059
Flex space building combining storefront, industrial, and office components along busy Mt Bethel Rd.
Property Size8,462 SF
Price / SF$230.44
Days on Market229
Property Features for 126 MOUNT BETHEL RD
General Information
Standard status
Active
Size
8,462 SF
Property subtype
General Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$16,556
Amenities
Central Air
3
Asphalt Shingle
GI
Parking.
Lot.
.94
Freestanding. Central Business District.
Building Details
Year Built
1950
Listing Agency:
KELLER WILLIAMS MID-TOWN DIRECT
(973) 589-3050
Listed By:
JOHN BRITO
(646) 737-9532
Source:
Xome
Added: Jan 19
Changed: Sep 1
Last Checked: Sep 5 at 5:07AM
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 MID-TOWN DIRECT
Investment Insights
Based on property information with market context.
This mixed-use flex space property includes a combination of storefront, industrial, and office space, providing multiple ways to configure and occupy the building. The layout is described as supporting customization and potential multi-tenant occupancy, with sale requiring a leaseback.
Located on busy Mt Bethel Rd in Warren Twp., NJ, the property is positioned for visibility with consistent traffic flow.
The offering is suited for either investment or an owner-user scenario, with the existing leaseback structure a key term for any sale transaction.
Located on busy Mt Bethel Rd in Warren Twp., NJ, the property is positioned for visibility with consistent traffic flow.
The offering is suited for either investment or an owner-user scenario, with the existing leaseback structure a key term for any sale transaction.
Key Highlights
- Flex space building with storefront, industrial, and office components along Mt Bethel Rd
- Zoned GI in the Central Business District
- Built in 1950 with an asphalt shingle roof
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
$126,965
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
6.51%
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%
$2,539,300
$2.5M
Cap Rate 7%
$1,813,786
$1.8M
Cap Rate 9%
$1,410,722
$1.4M
Market Conditions
NOI Build-Up for 8,462 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
$213.2K $25.20/SF
− Vacancy
−$17.9K −$2.12/SF
EGI
$195.3K $23.08/SF
− OpEx
−$68.4K −$8.08/SF
NOI
$127.0K $15.00/SF
Area
Somerset County, NJ
Vacancy
8.40%
Lease Rate
$25.20 /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%
$2,539,300
Cap Rate 7%
$1,813,786
Cap Rate 9%
$1,410,722
Alternative Uses
Best Use
Flex RnD
$1.81M
$1.59M – $2.12M
NOI $126,965 @ 7.0% cap · market cap 6.51%
Second Best
Industrial
$1.36M
$1.19M – $1.58M
NOI $94,980 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,672 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 07059, NJ
16,096
Population
5,924
Households
2.7
Avg Household Size
47
Median Age
68%
College-Educated
97%
High-School Grad
19.7 sq mi
ZIP Area
817
Density / Sq Mi
$201,579
Median Household Income
$88,318
Median Earnings
$2,099
Median Rent
$899,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space building combining storefront, industrial, and office components along busy Mt Bethel Rd.
Where is this flex space located?
The property is located at 126 MOUNT BETHEL RD Warren, NJ.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Flex space building with storefront, industrial, and office components along Mt Bethel Rd; Zoned GI in the Central Business District; Built in 1950 with an asphalt shingle roof
