Renovated Mixed-Use Property in
For Sale
$388,777
250 Warren St, Beverly, NJ 08010
2240 SF renovated mixed-use property with commercial space and apartment.
Property Size2,240 SF
Price / SF$173.56
Days on Market183
Property Features for 250 Warren St
General Information
Standard status
Active
Size
2,240 SF
Building Details
Year Built
1940
Listing Agency:
Keller Williams Realty - Moorestown
Listed By:
Austin Cennimo · License #2184680
(609) 372-6863
Source:
Kandorre
Added: Mar 5
Changed: Aug 31
Last Checked: Sep 1 at 10:49PM
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).
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
$19,005
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
4.89%
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%
$380,100
$380.1K
Cap Rate 7%
$271,500
$271.5K
Cap Rate 9%
$211,167
$211.2K
Market Conditions
NOI Build-Up for 2,240 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
$35.5K $15.84/SF
− Vacancy
−$5.1K −$2.27/SF
EGI
$30.4K $13.57/SF
− OpEx
−$11.4K −$5.09/SF
NOI
$19.0K $8.48/SF
Area
Burlington County, NJ
Vacancy
14.30%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
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%
$380,100
Cap Rate 7%
$271,500
Cap Rate 9%
$211,167
Alternative Uses
Best Use
Mixed Use
$271.5K
$237.6K – $316.8K
NOI $19,005 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 08010, NJ
11,555
Population
4,995
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
3,210
Density / Sq Mi
$85,285
Median Household Income
$48,077
Median Earnings
$1,472
Median Rent
$227,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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).
