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 Market144
Property Features for 1503 Glen Ave #150&160
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,993
Building Details
Year Built
1992
Listing Agency:
HOMESMART FIRST ADVANTAGE REALTY
(856) 363-3000
Listed By:
SMITA RASTOGI
(860) 405-5107
Source:
Corcoran
Added: Jun 15
Changed: Oct 30
Last Checked: Nov 4 at 1:22PM
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
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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 / Yr
$50,239
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Northeast region
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
