Flex Space with Garage
New
For Sale
Contact for pricing
227 Fairview Ave, Moorestown, NJ 08057
Workshop and storage configuration includes a dedicated work area and attic-style storage.
Property Size670 SF
Price / SF$1.60
Days on Market7
Property Features for 227 Fairview Ave
General Information
Standard status
Active
Size
670 SF
Property subtype
Commercial
Additional Details
Drive-In Doors
2
Property Use
Workshop and Storage
Building Details
Year Built
1950
Listing Agency:
Lichtman Associates Real Estate LLC
(856) 795-7890
Listed By:
Maura H Dey · License #792339
(609) 410-2314
Source:
Cummingsrealtors
Added: Oct 30
Changed: Nov 5
Last Checked: Nov 4 at 4:06PM
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 Lichtman Associates Real Estate LLC
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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.
This 1950-built flex property is arranged for workshop and storage use rather than retail. Two oversized garage doors open into garage-style areas with bump-outs, while a separate man-door provides access to a workbench area. Attic-style storage and heat are also present.
Key Highlights
- Two large garage doors serve garage‑style areas with bump‑outs
- Separate man‑door access to the workbench area
- Attic‑style storage and heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,654
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,080
$173.1K
Cap Rate 7%
$123,629
$123.6K
Cap Rate 9%
$96,156
$96.2K
Market Conditions
NOI Build-Up for 670 SF
Gross rent
$14.5K $21.60/SF
− Vacancy
−$1.2K −$1.73/SF
EGI
$13.3K $19.87/SF
− OpEx
−$4.7K −$6.96/SF
NOI
$8.7K $12.92/SF
Area
Burlington County, NJ
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,080
Cap Rate 7%
$123,629
Cap Rate 9%
$96,156
Alternative Uses
Best Use
Warehouse
$1.40M
$1.23M – $1.63M
NOI $98,090 @ 7.0% cap · market cap 9,124.65%
Second Best
Industrial
$1.15M
$1.01M – $1.35M
NOI $80,780 @ 7.0% cap · market cap 7,514.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08057, NJ
21,691
Population
8,382
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
15.3 sq mi
ZIP Area
1,418
Density / Sq Mi
$152,290
Median Household Income
$72,500
Median Earnings
$1,485
Median Rent
$626,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- The Gallic Chef — Moorestown, NJ 08057
Frequently Asked Questions
What type of property is this?
Flex space - Workshop and storage configuration includes a dedicated work area and attic-style storage.
Where is this flex space located?
The property is located at 227 Fairview Ave Moorestown, NJ.
What are key features of this property?
This property features: Two large garage doors serve garage‑style areas with bump‑outs; Separate man‑door access to the workbench area; Attic‑style storage and heat
