Listing Agency: BHHS Fox & Roach-Marlton Show Phone

Listed By: Sidney Benstead · License #8032152 Show Phone

Source: Opal-realestate

Added: Sep 6 Changed: Oct 3 Last Checked: Oct 20 at 8:04PM

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Review the available facts, identify missing information and prepare questions for the agent.

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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 / Yr

$17,539

Cap Rate

6.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$350,780 $350.8K

Cap Rate 7%

$250,557 $250.6K

Cap Rate 9%

$194,878 $194.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

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 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. How Realmo checks its estimates

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

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