Duplex and Warehouse
For Sale
$525,000
1501 S BLACK HORSE PIKE, Williamstown, NJ 08094
Two one-bedroom units are paired with a rear garage and warehouse area for business use.
Property Size4,000 SF
Price / SF$131.25
Days on Market9
Property Features for 1501 S BLACK HORSE PIKE
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Building Details
Year Built
1945
Buildings
2
Tenancy
Multi
Listing Agency:
Garden Realty of Turnersville
(856) 528-4525
Listed By:
Donna M Quaresima · License #1007560
(856) 725-1111
Source:
Cummingsrealtors
Added: Oct 5
Changed: Oct 11
Last Checked: Oct 11 at 8:51AM
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 Garden Realty of Turnersville
Investment Insights
Based on property information with market context.
This mixed-use property combines a converted duplex with a rear warehouse and garage. Each residential unit includes one bedroom, a living room, and a kitchen. Updates include replacement windows and flooring in both units, fresh paint, and new bathroom fixtures on the first floor. The property measures 4,000 SF and was built in 1945.
The rear building has a 9-foot garage door, two additional entrances, and four spaces that could be used as offices. Access is limited to utility trucks; tractor-trailers are not permitted. The property is offered in as-is condition.
The rear building has a 9-foot garage door, two additional entrances, and four spaces that could be used as offices. Access is limited to utility trucks; tractor-trailers are not permitted. The property is offered in as-is condition.
Key Highlights
- Converted duplex with two one‑bedroom units
- 4,000 SF property built in 1945
- Rear warehouse and garage includes a 9‑foot door and two additional entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,753
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,060
$935.1K
Cap Rate 7%
$667,900
$667.9K
Cap Rate 9%
$519,478
$519.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$90.2K $22.56/SF
− Vacancy
−$5.2K −$1.31/SF
EGI
$85.0K $21.25/SF
− OpEx
−$38.3K −$9.56/SF
NOI
$46.8K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,060
Cap Rate 7%
$667,900
Cap Rate 9%
$519,478
Alternative Uses
Best Use
Warehouse
$756.8K
$662.2K – $882.9K
NOI $52,973 @ 7.0% cap · market cap 10.09%
Second Best
Multifamily LT 5
$750.8K
$657.0K – $876.0K
NOI $52,557 @ 7.0% cap · market cap 10.01%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,119 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 08094, NJ
40,774
Population
15,878
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
54.8 sq mi
ZIP Area
744
Density / Sq Mi
$92,125
Median Household Income
$52,681
Median Earnings
$1,420
Median Rent
$260,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two one-bedroom units are paired with a rear garage and warehouse area for business use.
Where is this mixed-use property located?
The property is located at 1501 S BLACK HORSE PIKE Williamstown, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Converted duplex with two one‑bedroom units; 4,000 SF property built in 1945; Rear warehouse and garage includes a 9‑foot door and two additional entrances
