Multi-Level Flex
For Sale
$725,000
1503 GLEN AVE #150&160 150&160, Moorestown, NJ 08057
Professional office configuration with installed storage systems, separate restrooms, and an employee kitchenette.
Property Size5,600 SF
Price / SF$129.46
Days on Market48
Property Features for 1503 GLEN AVE #150&160 150&160
General Information
Standard status
Active
Size
5,600 SF
Amenities
reception hall
his-and-hers restrooms
kitchenette
Listing Agency:
HomeSmart First Advantage Realty
(856) 363-3000
Listed By:
Smita Rastogi
(860) 405-5107
Source:
Hostetterrealty
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 26 at 3:38PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Units #150 and #160 are being offered together as a flex space totaling approximately 5,600 square feet. The interior combines a reception hall with multiple professional offices arranged across one and a half floors, creating a multi-level configuration for office and industrial-commercial use.
Installed industrial shelving and storage racks add functional capacity, while separate his-and-hers restrooms and a kitchenette support daily operations. Interior painting is currently being refreshed, and the property will transfer strictly as-is. The address is 1503 Glen Ave in Moorestown, New Jersey.
Installed industrial shelving and storage racks add functional capacity, while separate his-and-hers restrooms and a kitchenette support daily operations. Interior painting is currently being refreshed, and the property will transfer strictly as-is. The address is 1503 Glen Ave in Moorestown, New Jersey.
Key Highlights
- Approximately 5,600 total square feet across Units #150 and #160
- Multi‑level office layout spanning one and a half floors
- Reception hall and suite of professional offices
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
220
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
Similar Off Market Nearby
- The Gallic Chef — Moorestown, NJ 08057
Frequently Asked Questions
What type of property is this?
Flex space - Professional office configuration with installed storage systems, separate restrooms, and an employee kitchenette.
Where is this flex space located?
The property is located at 1503 GLEN AVE #150&160 150&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: Approximately 5,600 total square feet across Units #150 and #160; Multi‑level office layout spanning one and a half floors; Reception hall and suite of professional offices
