Industrial Office Flex
For Sale
$725,000
1503 Glen Ave #150&160, Moorestown, NJ 08057
Versatile flex space with professional offices, reception area, and built-in industrial storage.
Property Size5,600 SF
Price / SF$129.46
Days on Market54
Property Features for 1503 Glen Ave #150&160
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Commercial
Building Details
Year Built
1992
Listing Agency:
HOMESMART FIRST ADVANTAGE REALTY
(856) 363-3000
Listed By:
SMITA RASTOGI
Source:
Corcoran
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 6 at 3:38AM
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 being sold together, totaling approximately 5,600 square feet of industrial and commercial flex space. The layout includes a front entrance that opens into a main reception hall, followed by a suite of professional offices. The office area spans one and a half floors, creating a functional multi-level setup for team operations.
The interior is being refreshed with a clean, professional coat of paint. The space also includes industrial shelving and robust storage racks already installed, supporting day-to-day warehousing and storage needs. Additional conveniences include separate his-and-hers restrooms and a kitchenette for staff.
This offering is positioned for tenants or buyers looking for a single space that combines customer-facing reception with on-site office accommodations and dedicated storage. With industrial shelving, storage racks, and a clearly defined office/reception component already in place, the property can support a range of business functions that need both workspace and practical material handling, sold strictly as-is.
The interior is being refreshed with a clean, professional coat of paint. The space also includes industrial shelving and robust storage racks already installed, supporting day-to-day warehousing and storage needs. Additional conveniences include separate his-and-hers restrooms and a kitchenette for staff.
This offering is positioned for tenants or buyers looking for a single space that combines customer-facing reception with on-site office accommodations and dedicated storage. With industrial shelving, storage racks, and a clearly defined office/reception component already in place, the property can support a range of business functions that need both workspace and practical material handling, sold strictly as-is.
Key Highlights
- Units #150 and #160 sold together, totaling approximately 5,600 SF of industrial and commercial flex space
- Front entrance opens into a main reception hall plus a suite of professional offices
- Office area spans one and a half floors for a functional multi‑level layout
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
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex space with professional offices, reception area, and built-in industrial storage.
Where is this flex space located?
The property is located at 1503 Glen Ave #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: Units #150 and #160 sold together, totaling approximately 5,600 SF of industrial and commercial flex space; Front entrance opens into a main reception hall plus a suite of professional offices; Office area spans one and a half floors for a functional multi‑level layout
