Drive-Through Flex Warehouse
16-1044 Industrial Dr West Berlin, NJ
16-1044 Industrial Dr, West Berlin, NJ, 00000
$235,000
For Sale
$235,000
Flex unit includes front office/showroom, two garage doors for drive-through access, and a rear loading dock.
Property Size1,250 SF
Price / SF$188
Days on Market152
Property Features for 16-1044 Industrial Dr
General Information
- Standard status
- Active
- Size
- 1,250 SF
Listing agency
RE/MAX Community-Williamstown
(856) 343-7856
Listed by
Morgan Lee DiVello · License #RS363713
(856) 343-7856
Source
Exprealty
Added: Feb 20 Updated: Jul 21 at 7:55AM Checked: Jul 21 at 7:55AM
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 RE/MAX Community-Williamstown
Investment Insights
Based on property information with market context.
This well-maintained 1,250 SF commercial flex unit features a front office/showroom with a half bathroom, plus a spacious second-floor office with a full bathroom. Interior access connects the office areas directly to the garage space, supporting practical day-to-day operations.
The unit has two garage doors, front and rear, providing true drive-through capability, along with a rear loading dock for added convenience. Ideal for contractors, service businesses, light industrial, or distribution users, as well as storage and related uses.
Association responsibilities include exterior building maintenance.
The unit has two garage doors, front and rear, providing true drive-through capability, along with a rear loading dock for added convenience. Ideal for contractors, service businesses, light industrial, or distribution users, as well as storage and related uses.
Association responsibilities include exterior building maintenance.
Key Highlights
- Well‑maintained 1,250 SF commercial flex unit with front office/showroom and a half bath
- Second‑floor office includes a full bathroom
- Interior access connects to the garage space, with two garage doors (front and rear) for drive‑through capability
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.5k | $21.96 |
| − Vacancy | −$4.1k | −$3.25 |
| EGI | $23.4k | $18.71 |
| − OpEx | −$5.8k | −$4.68 |
| NOI | $17.5k | $14.03 |
1,250 SF · lease $21.96/SF/yr · vacancy 14.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$250.6K
$219.3K – $292.4K
NOI $17,541 @ 7.0% cap · market cap 7.46%
Second Best
Warehouse
$217.1K
$190.0K – $253.3K
NOI $15,199 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$316.9K
$277.3K – $369.8K
NOI $22,186 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Zallie's Catering — 116 Walker Ave, West Berlin, NJ 08091
- Summit Catering — 428 Kelley Dr # C, West Berlin, NJ 08091
- Sweetboards, LLC — 223 Haddon Ave, West Berlin, NJ 08091
FAQs
What type of property is this?
Flex space - Flex unit includes front office/showroom, two garage doors for drive-through access, and a rear loading dock.
Where is this flex space located?
The property is located at 16-1044 Industrial Dr West Berlin, NJ.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Well‑maintained 1,250 SF commercial flex unit with front office/showroom and a half bath; Second‑floor office includes a full bathroom; Interior access connects to the garage space, with two garage doors (front and rear) for drive‑through capability
