Multi-Level Flex
For Sale
$725,000
1503 GLEN AVENUE 150&160, Moorestown, NJ 08057
Industrial shelving, storage racks, offices, restrooms, and a kitchenette support varied operations.
Property Size5,600 SF
Price / SF$129.46
Days on Market9
Property Features for 1503 GLEN AVENUE 150&160
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Industrial
Additional Details
Office Units
2
Building Details
Year Built
1992
Listing Agency:
HomeSmart First Advantage Realty
(860) 405-5107
Listed By:
Smita Rastogi
(860) 405-5107
Source:
Patmckennarealtors
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 6 at 4:26AM
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 HomeSmart First Advantage Realty
Investment Insights
Based on property information with market context.
Units #150 and #160 are offered together as an approximately 5,600-square-foot flex space property. The layout includes a front entrance opening into a main reception hall, a suite of professional offices, and office space spanning one and a half floors. The property also includes separate his-and-hers bathrooms and a kitchenette.
Industrial shelving and robust storage racks are installed, providing built-in storage for commercial or industrial operations. The owner is currently refreshing the entire interior with a professional coat of paint. The property will be sold strictly as-is. Built in 1992, the property is located at 1503 Glen Avenue in Moorestown, New Jersey.
Industrial shelving and robust storage racks are installed, providing built-in storage for commercial or industrial operations. The owner is currently refreshing the entire interior with a professional coat of paint. The property will be sold strictly as-is. Built in 1992, the property is located at 1503 Glen Avenue in Moorestown, New Jersey.
Key Highlights
- Approximately 5,600 total square feet across Units #150 and #160
- Office space spans one and a half floors
- Front entrance opens to a main reception hall and professional office suite
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
$50,239
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
6.93%
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%
$1,004,780
$1.0M
Cap Rate 7%
$717,700
$717.7K
Cap Rate 9%
$558,211
$558.2K
Market Conditions
NOI Build-Up for 5,600 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
$75.3K $13.44/SF
− Vacancy
−$8.3K −$1.48/SF
EGI
$67.0K $11.96/SF
− OpEx
−$16.7K −$2.99/SF
NOI
$50.2K $8.97/SF
Area
Burlington County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
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%
$1,004,780
Cap Rate 7%
$717,700
Cap Rate 9%
$558,211
Alternative Uses
Best Use
Warehouse
$11.71M
$10.25M – $13.66M
NOI $819,860 @ 7.0% cap · market cap 113.08%
Second Best
Industrial
$9.65M
$8.44M – $11.25M
NOI $675,179 @ 7.0% cap · market cap 93.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08057, NJ
21,691
Population
8,382
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
15.3 sq mi
ZIP Area
1,418
Density / Sq Mi
$152,290
Median Household Income
$72,500
Median Earnings
$1,485
Median Rent
$626,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial shelving, storage racks, offices, restrooms, and a kitchenette support varied operations.
Where is this flex space located?
The property is located at 1503 GLEN AVENUE 150&160 Moorestown, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Approximately 5,600 total square feet across Units #150 and #160; Office space spans one and a half floors; Front entrance opens to a main reception hall and professional office suite
