High-Frontage Flex and Office
1348 Route 38 Hainesport, NJ 08036
New
1348 Route 38, Hainesport, NJ, 08036
$740,000
For Sale
$740,000
Flex building with showroom and offices, plus two adjacent flex buildings, sold as-is.
Property Size7,000 SF
Price / SF$105.71
Days on Market3
Property Features for 1348 Route 38
General Information
- Standard status
- Active
- Size
- 7,000 SF
Building Details
- Year Built
- 1963
Listing agency
EXP Realty, LLC
(972) 689-0671
Listed by
Yodimila T Langan · License #791162
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 4:04PM Checked: Jul 22 at 4:04PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This property is a flex and office building featuring a spacious showroom area at the main entrance, along with 1 full bathroom. Upstairs, there are 4 office rooms and an additional bathroom. Adjacent to the showroom, there are 2 more huge flex buildings that provide flexibility for a range of commercial configurations. The seller is offering the property for sale in “as-is” condition.
Located on Route 38 in Hainesport, NJ, the property is described as having high visibility with highway frontage and signage.
As presented in the listing, the space is intended to support a variety of potential uses, including retail, medical offices or clinics, furniture sales, banks, and personal service or professional office uses, depending on the intended buildout and operations.
Located on Route 38 in Hainesport, NJ, the property is described as having high visibility with highway frontage and signage.
As presented in the listing, the space is intended to support a variety of potential uses, including retail, medical offices or clinics, furniture sales, banks, and personal service or professional office uses, depending on the intended buildout and operations.
Key Highlights
- 1963‑built flex/commercial property sold as‑is
- Main building includes a spacious showroom, 1 full bathroom, and four upstairs office rooms with 1 bathroom
- Two adjacent huge flex buildings provide added space for conversion to offices or other uses
Local Financial Insights For Office B
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 | $94.1k | $13.44 |
| − Vacancy | −$10.3k | −$1.48 |
| EGI | $83.7k | $11.96 |
| − OpEx | −$20.9k | −$2.99 |
| NOI | $62.8k | $8.97 |
7,000 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Industrial
$12.06M
$10.55M – $14.07M
NOI $843,974 @ 7.0% cap · market cap 114.05%
Second Best
Retail
$1.50M
$1.31M – $1.74M
NOI $104,678 @ 7.0% cap · market cap 14.15%
Theoretical Best
Warehouse
$14.64M
$12.81M – $17.08M
NOI $1,024,826 @ 7.0% cap · market cap 138.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex building with showroom and offices, plus two adjacent flex buildings, sold as-is.
Where is this flex space located?
The property is located at 1348 Route 38 Hainesport, NJ.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: 1963‑built flex/commercial property sold as‑is; Main building includes a spacious showroom, 1 full bathroom, and four upstairs office rooms with 1 bathroom; Two adjacent huge flex buildings provide added space for conversion to offices or other uses
