Metal Butler Style
For Sale
$849,000
23 Lawrence Square Boulevard N, Lawrence Twp, NJ 08648
Metal warehouse on over one acre with two overhead doors, office, bathroom, and parking for flexible commercial use.
Property Size2,000 SF
Lot Size1.00 Acre
Price / SF$424.50
Days on Market89
Property Features for 23 Lawrence Square Boulevard N
General Information
Standard status
Active
Size
2,000 SF
Lot size
1.00 Acre
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
2
Building Details
Year Built
1998
Listing Agency:
RealtyMark Properties
(609) 716-8400
Listed By:
Julia Samouilova · License #1435581
(609) 716-8400
Source:
Xome
Added: May 9
Changed: Jul 10
Last Checked: Jun 15 at 1:44AM
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 RealtyMark Properties
Investment Insights
Based on property information with market context.
This property is a metal Butler Style warehouse building set on over one acre of land. The existing space includes open warehouse area with one office and a bathroom, supported by a concrete floor and approximately 12’ ceiling height. The building also features two overhead doors, and the site includes a macadam parking lot for on-site access. Utilities are available at the site, including water, sewer, electric, and natural gas.
The property is located on a major commercial corridor with high-traffic characteristics, along with strong accessibility and road frontage that support customer and delivery traffic. It is situated in Lawrence Township and is close to Quaker Bridge Mall, with proximity to I-95 and Route 1 mentioned as part of the overall convenience.
For tenants and operators, the current configuration can support warehouse and light commercial activities that benefit from overhead loading and straightforward internal layout. For buyers and developers, preliminary plans have been drawn for a 10,000 square foot commercial building, offering a head start compared with starting from scratch. The site is described as zoned for various commercial uses, providing flexibility for multiple operating concepts.
The property is located on a major commercial corridor with high-traffic characteristics, along with strong accessibility and road frontage that support customer and delivery traffic. It is situated in Lawrence Township and is close to Quaker Bridge Mall, with proximity to I-95 and Route 1 mentioned as part of the overall convenience.
For tenants and operators, the current configuration can support warehouse and light commercial activities that benefit from overhead loading and straightforward internal layout. For buyers and developers, preliminary plans have been drawn for a 10,000 square foot commercial building, offering a head start compared with starting from scratch. The site is described as zoned for various commercial uses, providing flexibility for multiple operating concepts.
Key Highlights
- Metal Butler‑style commercial building on over one acre with 12' high ceiling and open space
- Includes two overhead doors, plus one office and a bathroom
- Concrete floor and metal roof, with macadam parking lot
Financial Insights For Warehouse
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 | $57.6k | $28.80 |
| − Vacancy | −$4.6k | −$2.30 |
| EGI | $53.0k | $26.50 |
| − OpEx | −$7.9k | −$3.97 |
| NOI | $45.0k | $22.52 |
2,000 SF · lease $28.80/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$643.5K
$563.0K – $750.7K
NOI $45,043 @ 7.0% cap · market cap 5.31%
Second Best
Industrial
$534.5K
$467.7K – $623.6K
NOI $37,417 @ 7.0% cap · market cap 4.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08648, NJ
31,955
Population
12,217
Households
2.6
Avg Household Size
40
Median Age
60%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
1,913
Density / Sq Mi
$118,036
Median Household Income
$54,833
Median Earnings
$1,953
Median Rent
$395,400
Median Home Value
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 - Metal warehouse on over one acre with two overhead doors, office, bathroom, and parking for flexible commercial use.
Where is this flex space located?
The property is located at 23 Lawrence Square Boulevard N Lawrence Twp, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Metal Butler‑style commercial building on over one acre with 12' high ceiling and open space; Includes two overhead doors, plus one office and a bathroom; Concrete floor and metal roof, with macadam parking lot
