Ewing Warehouse with Rebuilt
For Sale
Contact for pricing
1570 N Olden Avenue Ext, Ewing, NJ
24,200 SF warehouse with 3,200 SF rebuilt office.
Property Size27,400 SF
Lot Size2.09 Acres
Price / SF$136.86
Days on Market492
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
Listing Agency:
Fennelly Associates
(609) 520-0061
Listed By:
Gerard J. Fennelly
(609) 306-3158
Source:
Moodyscre
Added: May 2, 2025
Changed: Jul 6
Last Checked: Sep 4 at 10:33AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$245,811
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
6.55%
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%
$4,916,220
$4.9M
Cap Rate 7%
$3,511,586
$3.5M
Cap Rate 9%
$2,731,233
$2.7M
Market Conditions
NOI Build-Up for 27,400 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
$368.3K $13.44/SF
− Vacancy
−$40.5K −$1.48/SF
EGI
$327.7K $11.96/SF
− OpEx
−$81.9K −$2.99/SF
NOI
$245.8K $8.97/SF
Area
Mercer 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%
$4,916,220
Cap Rate 7%
$3,511,586
Cap Rate 9%
$2,731,233
Alternative Uses
Best Use
Warehouse
$8.82M
$7.71M – $10.28M
NOI $617,092 @ 7.0% cap · market cap 16.46%
Second Best
Industrial
$7.32M
$6.41M – $8.54M
NOI $512,612 @ 7.0% cap · market cap 13.67%
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
1,019
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Scott moving & storage — 518 pennington ave, trenton, nj 08618
- Storage Box Central — 558 W Ingham Ave, Ewing Township, NJ 08638
- Self-Storage at U-Haul — 1561 N Olden Ave, Ewing Township, NJ 08638
- Extra Space Storage — 1479 Prospect St, Trenton, NJ 08638
- Public Storage — 1411 Parkside Ave., Ewing Township, NJ 08638
Frequently Asked Questions
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.
