Listing Agency: BHHS Fox & Roach-Marlton Show Phone

Listed By: Sidney Benstead · License #8032152 Show Phone

Source: Opal-realestate

Added: Sep 6 Last Checked: Sep 6 at 2:56PM

Report an Issue

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 BHHS Fox & Roach-Marlton

Investment Insights

Based on property information with market context.

This approximately 1,800-square-foot flex space is configured as an end unit within a professional and industrial park. The interior includes several private offices, a dedicated kitchen and break area, two restrooms, and storage capacity, providing a practical office-focused setup.

The property fronts Cooper Road in West Berlin, NJ, offering direct road exposure. Its flexible layout can be adapted for warehouse use, giving the space utility beyond its current office configuration.

Key Highlights

• Approximately 1,800 sq. ft. of commercial flex space
• End unit with frontage directly on Cooper Road
• Located in a Professional/Industrial Park

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

$17,539

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

6.75%

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%

$350,780 $350.8K

Cap Rate 7%

$250,557 $250.6K

Cap Rate 9%

$194,878 $194.9K

Market Conditions

NOI Build-Up for 1,800 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

$27.0K $15.00/SF

− Vacancy

−$1.9K −$1.08/SF

EGI

$25.1K $13.92/SF

− OpEx

−$7.5K −$4.18/SF

NOI

$17.5K $9.74/SF

Area

Camden County, NJ

Vacancy

7.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

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%

$350,780

Cap Rate 7%

$250,557

Cap Rate 9%

$194,878

Alternative Uses

Best Use

Office B

$360.8K

$315.7K – $421.0K (±1% cap)

NOI $25,258 @ 7.0% cap · market cap 9.72%

Second Best

Industrial

$250.6K

$219.2K – $292.3K (±1% cap)

NOI $17,539 @ 7.0% cap · market cap 6.75%

Theoretical Best

Office A

$456.4K

$399.4K – $532.5K (±1% cap)

NOI $31,948 @ 7.0% cap · market cap 12.29%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

466

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 08091, NJ

5,867

Population

2,588

Households

2.3

Avg Household Size

45

Median Age

26%

College-Educated

90%

High-School Grad

3.3 sq mi

ZIP Area

1,778

Density / Sq Mi

$74,828

Median Household Income

$41,031

Median Earnings

$1,346

Median Rent

$247,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Sports Recreation Facility For Sale

1039 Industrial Drive, Berlin Township, NJ 08091

$2,195,000

25,950 SF

View details

Route 73 Office Building

701-705 NJ-73, Berlin Township, NJ 08091

Contact for pricing

9,000 SF

View details

Similar Off Market Nearby

• Zallie's Catering — 116 Walker Ave, West Berlin, NJ 08091
• Sweetboards, LLC — 223 Haddon Ave, West Berlin, NJ 08091

Frequently Asked Questions

What type of property is this?

Flex space - Office-oriented layout includes private offices, a break area, storage, and two restrooms.

Where is this flex space located?

The property is located at 150 COOPER RD #A3 A3 Berlin Township, NJ.

What is the asking price?

The asking price for this property is $259,900.

What are key features of this property?

This property features: Approximately 1,800 sq. ft. of commercial flex space; End unit with frontage directly on Cooper Road; Located in a Professional/Industrial Park