Flex Building with Loading
New
For Sale
$650,000
222 N New Road, Pleasantville, NJ 08232
COMMERCIAL/INDUSTRIAL, Pleasantville, NJ
Property Size4,500 SF
Price / SF$144.44
Days on Market1
Property Features for 222 N New Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UEZC
Rooms
Office
Interior features
Restroom, Storage
Exterior features
Loading Dock
Directions
AC Expressway Exit 5 to N New Road. Property on left.
Subdivision
Pleasantville City
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16740
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Additional Structures
Storage
Listing Agency:
PLATINUM REAL ESTATE
(609) 641-3400
Listed By:
Dominika Narewska
(609) 271-8032
Added: Sep 9
Last Checked: Sep 9 at 6:06PM
MLS# 611694
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This vacant flex property contains approximately 4,500 square feet divided between warehouse and office areas. The building includes two 10-foot overhead doors, one loading dock, high ceilings, storage, a restroom, and on-site parking. Electrical service is 208/220V with 600-amp capacity, while natural-gas heating supports the building.
The property is located within the UEZC zoning designation and offers immediate access to the Atlantic City Expressway. Public water and public sewer serve the site. The sale includes real estate only and is offered strictly as-is, with inspections, certifications, and other due diligence the buyer’s responsibility.
The property is located within the UEZC zoning designation and offers immediate access to the Atlantic City Expressway. Public water and public sewer serve the site. The sale includes real estate only and is offered strictly as-is, with inspections, certifications, and other due diligence the buyer’s responsibility.
Key Highlights
- Approximately 4,500 sq. ft. of warehouse and office space
- Two 10' overhead doors and one loading dock
- 208/220V electrical service with 600‑amp capacity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,965
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$979,300
$979.3K
Cap Rate 7%
$699,500
$699.5K
Cap Rate 9%
$544,056
$544.1K
Market Conditions
NOI Build-Up for 4,500 SF
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.
Gross rent
$81.0K $18.00/SF
− Vacancy
−$5.7K −$1.26/SF
EGI
$75.3K $16.74/SF
− OpEx
−$26.4K −$5.86/SF
NOI
$49.0K $10.88/SF
Area
Atlantic County, NJ
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$979,300
Cap Rate 7%
$699,500
Cap Rate 9%
$544,056
Alternative Uses
Best Use
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,304 @ 7.0% cap · market cap 18.05%
Second Best
Industrial
$1.38M
$1.21M – $1.61M
NOI $96,603 @ 7.0% cap · market cap 14.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08232, NJ
19,897
Population
7,136
Households
2.8
Avg Household Size
37
Median Age
11%
College-Educated
73%
High-School Grad
5.9 sq mi
ZIP Area
3,372
Density / Sq Mi
$52,476
Median Household Income
$30,661
Median Earnings
$1,210
Median Rent
$179,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Vacant flex property combining warehouse and office areas with overhead loading access.
Where is this flex space located?
The property is located at 222 N New Road Pleasantville, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 4,500 sq. ft. of warehouse and office space; Two 10' overhead doors and one loading dock; 208/220V electrical service with 600‑amp capacity
