Quonset Hut with
1923 GARFIELD AVE Hamilton, NJ 08609
1923 GARFIELD AVE, Hamilton, NJ, 08609
$599,000
For Sale
$599,000
Quonset hut includes renovated offices, four bathrooms, and a fenced yard with parking for up to six vehicles.
Property Size3,021 SF
Price / SF$198.28
Days on Market23
Property Features for 1923 GARFIELD AVE
General Information
- Standard status
- Active
- Size
- 3,021 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1950
Listing Agency
Action USA Jay Robert Realtors
(609) 847-8431
Listed by
Keith Alvarado · License #0563047
(609) 847-8431
Source
Xome
Added: Jun 27 Checked: Jul 19 at 2:32 am
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 Action USA Jay Robert Realtors
Investment Insights
Based on property information with market context.
This versatile Quonset hut provides warehouse and industrial space along with newly renovated office accommodations. The office portion features four private offices, a spacious conference room, a loft area, and four bathrooms, plus a brand-new kitchen with ample storage. Office and conference areas are equipped with heating and air conditioning for year-round comfort. The property also includes an updated alarm system.
Outside, there is a fenced quarter-acre yard suitable for storing building materials, equipment, or vehicles, along with parking for up to six cars. The property is offered for sale as-is, with flexibility for a range of commercial uses.
Outside, there is a fenced quarter-acre yard suitable for storing building materials, equipment, or vehicles, along with parking for up to six cars. The property is offered for sale as-is, with flexibility for a range of commercial uses.
Key Highlights
- Quonset hut offering over 3,000 SF of warehouse and industrial space for a variety of commercial uses
- Renovated office space with four private offices, a spacious conference room, and a loft area
- Office area includes 4 bathrooms and a brand‑new kitchen with ample storage
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 | $40.6k | $13.44 |
| − Vacancy | −$4.5k | −$1.48 |
| EGI | $36.1k | $11.96 |
| − OpEx | −$9.0k | −$2.99 |
| NOI | $27.1k | $8.97 |
3,021 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Warehouse
$972.0K
$850.5K – $1.13M
NOI $68,038 @ 7.0% cap · market cap 11.36%
Second Best
Industrial
$807.4K
$706.5K – $942.0K
NOI $56,518 @ 7.0% cap · market cap 9.44%
Theoretical Best
—
—
same as Best Use
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
FAQs
What type of property is this?
Flex space - Quonset hut includes renovated offices, four bathrooms, and a fenced yard with parking for up to six vehicles.
Where is this flex space located?
The property is located at 1923 GARFIELD AVE Hamilton, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Quonset hut offering over 3,000 SF of warehouse and industrial space for a variety of commercial uses; Renovated office space with four private offices, a spacious conference room, and a loft area; Office area includes 4 bathrooms and a brand‑new kitchen with ample storage
