Renovated Mixed-Use Property in
250 Warren St Beverly, NJ 08010
250 Warren St, Beverly, NJ, 08010
$388,777
For Sale
$388,777
2240 SF renovated mixed-use property with commercial space and apartment.
Property Size2,240 SF
Lot Size0.19 Acres
Price / SF$173.56
Days on Market152
Property Features for 250 Warren St
General Information
- Standard status
- Active
- Size
- 2,240 SF
- Lot size
- 0.19 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing Agency
KELLER WILLIAMS REALTY - MOORESTOWN
(856) 316-1100
Listed by
AUSTIN CENNIMO · License #2184680
Source
Corcoran
Added: Feb 18 Checked: Jul 19 at 4:40 am
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 KELLER WILLIAMS REALTY - MOORESTOWN
Investment Insights
Based on property information with market context.
This 2240 square foot mixed-use property has been renovated down to the studs. The renovations include new electrical, plumbing, HVAC, flooring, fixtures, appliances, and lighting. The first floor features commercial space with 4 separate rooms, a kitchenette and 1.5 baths and is currently vacant. The second floor is a 3 bedroom, 1 bath apartment and is currently rented for $2,250 on a month to month lease until August. The property includes ample storage space in the full basement and a parking lot for 15 cars. It is located in downtown Beverly with high visibility.
Key Highlights
- Renovated to the studs with new electrical, plumbing, HVAC, flooring, fixtures, appliances, and lighting.
- Mixed‑use property with commercial space and a 3‑bedroom apartment.
- Currently generating rental income from the apartment ($2,250/month).
Local Financial Insights For Retail
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 | $50.3k | $22.44 |
| − Vacancy | −$2.4k | −$1.08 |
| EGI | $47.9k | $21.36 |
| − OpEx | −$14.4k | −$6.41 |
| NOI | $33.5k | $14.95 |
2,240 SF · lease $22.44/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$478.5K
$418.7K – $558.3K
NOI $33,497 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$419.1K
$366.7K – $489.0K
NOI $29,339 @ 7.0% cap · market cap 7.55%
Theoretical Best
Warehouse
$4.68M
$4.10M – $5.47M
NOI $327,944 @ 7.0% cap · market cap 84.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
UMT 04 GROUP
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 2240 SF renovated mixed-use property with commercial space and apartment.
Where is this mixed-use property located?
The property is located at 250 Warren St Beverly, NJ.
What is the asking price?
The asking price for this property is $388,777.
What are key features of this property?
This property features: Renovated to the studs with new electrical, plumbing, HVAC, flooring, fixtures, appliances, and lighting.; Mixed‑use property with commercial space and a 3‑bedroom apartment.; Currently generating rental income from the apartment ($2,250/month).
