Two-Story Flex Building with Garage
210 3RD AVE Unit 210 Phillipsburg, NJ 08865
210 3RD AVE Unit 210, Phillipsburg, NJ, 08865
$675,000
For Sale
$675,000
Two-story building with two large garage bays, office space on both levels, and central air with gas heat.
Property Size4,320 SF
Price / SF$156.25
Days on Market137
Property Features for 210 3RD AVE Unit 210
General Information
- Standard status
- Active
- Size
- 4,320 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2004
Listing agency
RE/MAX SUPREME
(908) 213-2828
Listed by
BRENT FRANKLIN · License #7843613
Source
Xome
Added: Mar 8 Updated: Jul 23 at 4:09AM Checked: Jul 23 at 4:09AM
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 SUPREME
Investment Insights
Based on property information with market context.
This two-story commercial building features two large garage bays for loading and storage. The first floor includes open space office areas along with a bathroom and kitchen. The second floor is partially finished with open space office and also includes an additional unfinished storage area.
The property has central air, gas heat, and a parking lot. Public remarks also note strong visibility in a high-traffic area.
The seller believes the building could be converted to residential apartments; however, the existing configuration provides a practical combination of office space and garage-based storage and loading.
The property has central air, gas heat, and a parking lot. Public remarks also note strong visibility in a high-traffic area.
The seller believes the building could be converted to residential apartments; however, the existing configuration provides a practical combination of office space and garage-based storage and loading.
Key Highlights
- Two‑story commercial building (2004) with two large garage bays for loading and storage
- Approx. 1,200 SF of open space offices on the 1st floor with bathroom and kitchen
- Approx. 1,200+ SF open space office on the 2nd floor plus approx. 1,200 SF unfinished storage
Local Financial Insights For Flex RnD
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 | $41.0k | $9.48 |
| − Vacancy | −$2.9k | −$0.68 |
| EGI | $38.0k | $8.80 |
| − OpEx | −$13.3k | −$3.08 |
| NOI | $24.7k | $5.72 |
4,320 SF · lease $9.48/SF/yr · vacancy 7.20% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,087 @ 7.0% cap · market cap 16.90%
Second Best
Industrial
$1.34M
$1.17M – $1.57M
NOI $93,954 @ 7.0% cap · market cap 13.92%
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 - Two-story building with two large garage bays, office space on both levels, and central air with gas heat.
Where is this flex space located?
The property is located at 210 3RD AVE Unit 210 Phillipsburg, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑story commercial building (2004) with two large garage bays for loading and storage; Approx. 1,200 SF of open space offices on the 1st floor with bathroom and kitchen; Approx. 1,200+ SF open space office on the 2nd floor plus approx. 1,200 SF unfinished storage
