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    Ewing Warehouse with Rebuilt Office Title is generated by Realmo AI

    1570 N Olden Avenue Ext, Ewing, NJ

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    24,200 SF warehouse with 3,200 SF rebuilt office.

    Type:FLEX_R_AND_D
    Property size:
    27,400 SF
    Lot size:
    2.09 Acres
    Price / SF:
    $136/SF
    Added:
    May 2, 2025
    Days on Market:
    401
    Last Refresh:
    May 20 at 8:50 pm

    Property Features for 1570 N Olden Avenue Ext

    General Information

    Standard status
    Active
    Size
    27,400 SF
    Lot size
    2.09 Acres
    Property subtype
    FLEX_R_AND_D

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    Listing Contact
    Gerard J. Fennelly

    Listing agent Gerard J. Fennelly

    Listing office Fennelly Associates

    Listing date May 2, 2025

    Source Moodyscre

    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 Fennelly Associates

    HighLights

    • 24,200 SF Warehouse featuring two sections: 19,200 SF with 14' 10" clear height and 5,000 SF with 16' clear height.
    • Rebuilt 3,200 SF Office Space (2020).
    • Abundant Truck Parking and 20 Car Parking Spaces.
    • Convenient location near Routes 1, 206, and 129.
    • 3 Loading Docks and 2 Drive‑in Doors.
    • 2.068 Acre Lot in B‑H Olden Ave Redevelopment Zone.

    Overview

    This property features a 24,200 square foot warehouse, divided into two sections: 19,200 square feet with a 14 foot 10 inch clear height and 5,000 square feet with a 16 foot clear height. Additionally, there is a 3,200 square foot office space that was rebuilt in 2020, along with an 800 square foot basement. The property includes parking for 20 cars and abundant truck parking. Electrical capacity is 600 amps. The warehouse has 3 loading docks and 2 drive-in doors. Situated on a 2.068-acre lot, the property is zoned B-H Olden Ave Redevelopment Zone. Built in 1950, the property has taxes of $65,712.56. Gas and electric are provided by PSE&G, and sewer services are provided by ELSA. The property is conveniently located near Routes 1, 206, and 129.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Self-Storage at U-Haul — 1561 N Olden Ave, Ewing Township, NJ 08638
    • Public Storage — 1411 Parkside Ave., Ewing Township, NJ 08638
    • Storage Box Central — 558 W Ingham Ave, Ewing Township, NJ 08638
    • Scott moving & storage — 518 pennington ave, trenton, nj 08618
    • Extra Space Storage — 1479 Prospect St, Trenton, NJ 08638

    Location Insight

    • Map
    • Local Demand
    City
    Ewing
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7598
    Latitude
    40.2445

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    FAQs

    What type of property is this?
    Warehouse - 24,200 SF warehouse with 3,200 SF rebuilt office.
    Where is this warehouse located?
    The property is located at 1570 N Olden Avenue Ext Ewing, NJ.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: 24,200 SF Warehouse featuring two sections: 19,200 SF with 14' 10" clear height and 5,000 SF with 16' clear height.; Rebuilt 3,200 SF Office Space (2020).; Abundant Truck Parking and 20 Car Parking Spaces.
    (609) 306-3158 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gerard J. Fennelly
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1570 N Olden Avenue Ext, Ewing, NJ
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