Flex/Industrial Building with Large
18 Herbert Rd Upper Freehold Township, NJ
For Sale
Contact for pricing
21,300 SF flex/industrial building on 10.63 acres for sale.
Property Size21,300 SF
Lot Size10.60 Acres
Price / SF$117.14
Days on Market489
Property Features for 18 Herbert Rd
General Information
Standard status
Active
Size
21,300 SF
Lot size
10.60 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Wolf Commercial Real Estate, LLC/CORFAC International | New Jersey
(856) 383-5355
Listed By:
Ryan J. Barikian · License #NJ 1111483
(856) 383-5355
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:07AM
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 Wolf Commercial Real Estate, LLC/CORFAC International | New Jersey
Investment Insights
Based on property information with market context.
This flex/industrial building offers a total of 21,300 square feet, including approximately 19,800 square feet of warehouse space and approximately 1,500 square feet of office space. The property is situated on a 10.63-acre parcel and features a 60,000 square foot paved and stone lot. The warehouse is equipped with oil-fired heat, while the office area has air conditioning and forced air heat. There are a total of four doors: two doors measure 18 feet tall and 24 feet wide, and two doors measure 18 feet tall and 18 feet wide. The property includes three restrooms, one of which is a full bathroom with a shower. It has 3-phase/480-volt power, well water, and septic. Zoned as agricultural residential (AR), the property is a legal, non-conforming warehouse because it existed before current zoning restrictions were established. The annual taxes are $28,602. The location provides convenient access, being less than 10 minutes from I-95, I-195, and the New Jersey Turnpike. It is located 60 miles from New York City and 35 miles from Philadelphia.
Key Highlights
- Legal, non‑conforming warehouse status in Agricultural Residential (AR) zone.
- Excellent location: Less than 10 minutes to I‑95, I‑195, and NJ Turnpike; 60 miles from NYC and 35 miles from Philadelphia.
- Substantial space: 21,300 total square feet (+/- 19,800 SF warehouse and +/- 1,500 SF office) on a 10.63‑acre parcel with +/- 60,000 SF paved & stone lot.
Financial Insights For Industrial
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 | $306.7k | $14.40 |
| − Vacancy | −$15.0k | −$0.71 |
| EGI | $291.7k | $13.69 |
| − OpEx | −$87.5k | −$4.11 |
| NOI | $204.2k | $9.59 |
21,300 SF · lease $14.40/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$4.99M
$4.37M – $5.82M
NOI $349,386 @ 7.0% cap · market cap 14.00%
Second Best
Warehouse
$3.54M
$3.10M – $4.13M
NOI $247,937 @ 7.0% cap · market cap 9.94%
Theoretical Best
Office A
$5.56M
$4.87M – $6.49M
NOI $389,330 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Seal Van Lines Moving
Frequently Asked Questions
What type of property is this?
Warehouse - 21,300 SF flex/industrial building on 10.63 acres for sale.
Where is this warehouse located?
The property is located at 18 Herbert Rd Upper Freehold Township, NJ.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Legal, non‑conforming warehouse status in Agricultural Residential (AR) zone.; Excellent location: Less than 10 minutes to I‑95, I‑195, and NJ Turnpike; 60 miles from NYC and 35 miles from Philadelphia.; Substantial space: **21,300 total square feet** (+/- 19,800 SF warehouse and +/- 1,500 SF office) on a 10.63‑acre parcel with +/- 60,000 SF paved & stone lot.
