Two-Story Flex Space with Garage
For Sale
$675,000
210 3rd Ave, Alpha, NJ 08865
Two-story commercial layout combines office areas, storage, loading bays, and on-site parking.
Property Size4,320 SF
Days on Market88
Property Features for 210 3rd Ave
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,300
Building Details
Building Size
4,320 SF
Year Built
2004
Buildings
1
Stories
2
Units
1
Listing Agency:
RE/MAX SUPREME
Listed By:
BRENT FRANKLIN · License #7843613
(908) 347-4034
Source:
Elliman
Added: Jul 21
Changed: Oct 10
Last Checked: Oct 14 at 11:45PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2004, this two-story flex property at 210 3rd Ave in Alpha, New Jersey, combines office, storage, and loading functions. The first floor includes open office space, a bathroom, and a kitchen, along with two large garage bays used for loading and storage. The upper level provides partially finished open office space and a separate unfinished storage area.
The building is equipped with central air and gas heat and includes a dedicated parking lot. The property’s configuration supports a mix of office, storage, and service-oriented operations within one building. Walk Score is 53 and Bike Score is 28, described as somewhat walkable and somewhat bikeable, respectively.
The building is equipped with central air and gas heat and includes a dedicated parking lot. The property’s configuration supports a mix of office, storage, and service-oriented operations within one building. Walk Score is 53 and Bike Score is 28, described as somewhat walkable and somewhat bikeable, respectively.
Key Highlights
- Two‑story flex building constructed in 2004
- Two large garage bays provide loading and storage space
- Approximately 1,200 square feet allocated to garage bay loading and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,703
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,060
$494.1K
Cap Rate 7%
$352,900
$352.9K
Cap Rate 9%
$274,478
$274.5K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$41.0K $9.48/SF
− Vacancy
−$2.9K −$0.68/SF
EGI
$38.0K $8.80/SF
− OpEx
−$13.3K −$3.08/SF
NOI
$24.7K $5.72/SF
Area
Warren County, NJ
Vacancy
7.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,060
Cap Rate 7%
$352,900
Cap Rate 9%
$274,478
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08865, NJ
30,537
Population
14,146
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
736
Density / Sq Mi
$78,519
Median Household Income
$49,811
Median Earnings
$1,248
Median Rent
$244,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Two-story commercial layout combines office areas, storage, loading bays, and on-site parking.
Where is this flex space located?
The property is located at 210 3rd Ave Alpha, 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 flex building constructed in 2004; Two large garage bays provide loading and storage space; Approximately 1,200 square feet allocated to garage bay loading and storage
