Two-Story Office Building with
2922 FRIES MILL RD, Williamstown, NJ 08094
For Sale
$1,100,000
Two-story office building with separate entrances and utilities, plus detached storage with overhead doors, on commercially zoned lots.
Property Size2,000 SF
Lot Size4.72 Acres
Price / SF$550
Days on Market141
Property Features for 2922 FRIES MILL RD
General Information
Standard status
Size
Lot size
Zoning
Warehouse & Industrial
Clear Height
Drive-In Doors
Building Details
Stories
Tenancy
Listing Agency:
Century 21 Rauh & Johns
Listed By:
Joseph Rauh · License #7863256
(856) 582-0366
Source:
Keygroupmd
Added: Jun 20
Changed: Oct 26
Last Checked: Nov 6 at 8:17AM
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 Century 21 Rauh & Johns
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Investment Insights
Based on property information with market context.
The property consists of two lots, Block 14701, Lots 1.02 and 1.01 on the Monroe Township tax map. Lot 1.02 is improved with a two-story office building in excellent condition, totaling approximately 2,000 square feet, with about 1,000 square feet on each level. The building has separate entrances and separate utilities for the two floors.
Second floor is leased to a tenant paying $2,300 per month, and the rent includes a detached 38' x 42' storage building with a 12' overhead door and 16' ceiling, also with separate gas and electric. First floor is occupied by the owner tenant paying $4,200 per month, and that rent includes the other half of the same storage building (38' x 42' with a 12' overhead door and 16' ceiling).
Lot 1.01 is vacant land of approximately 4.72 acres with private well and septic (private W/S). All lots are commercially zoned. This configuration can suit office users and buyers looking for an on-site office setup supported by dedicated, overhead-door storage, alongside an additional land parcel for flexibility under commercial zoning.
Second floor is leased to a tenant paying $2,300 per month, and the rent includes a detached 38' x 42' storage building with a 12' overhead door and 16' ceiling, also with separate gas and electric. First floor is occupied by the owner tenant paying $4,200 per month, and that rent includes the other half of the same storage building (38' x 42' with a 12' overhead door and 16' ceiling).
Lot 1.01 is vacant land of approximately 4.72 acres with private well and septic (private W/S). All lots are commercially zoned. This configuration can suit office users and buyers looking for an on-site office setup supported by dedicated, overhead-door storage, alongside an additional land parcel for flexibility under commercial zoning.
Key Highlights
- Two‑story office building built in 1990 with approx. 2,000 SF total (1,000 SF per level) and separate entrances
- Second‑floor tenant pays $2,300/month, which includes a detached 38' x 42' storage building with 12' overhead door and 16' ceiling
- First‑floor tenant pays $4,200/month, which includes the other half of the 38' x 42' storage building with 12' overhead door and 16' ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,541
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,820
$630.8K
Cap Rate 7%
$450,586
$450.6K
Cap Rate 9%
$350,456
$350.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$51.6K $25.80/SF
− Vacancy
−$9.5K −$4.77/SF
EGI
$42.1K $21.03/SF
− OpEx
−$10.5K −$5.26/SF
NOI
$31.5K $15.77/SF
Area
Gloucester County, NJ
Vacancy
18.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,820
Cap Rate 7%
$450,586
Cap Rate 9%
$350,456
Alternative Uses
Best Use
Office B
$450.6K
$394.3K – $525.7K
NOI $31,541 @ 7.0% cap · market cap 2.87%
Second Best
Warehouse
$378.4K
$331.1K – $441.4K
NOI $26,486 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$672.3K
$588.3K – $784.3K
NOI $47,060 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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Business Placement
Demographics for 08094, NJ
40,774
Population
15,878
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
54.8 sq mi
ZIP Area
744
Density / Sq Mi
$92,125
Median Household Income
$52,681
Median Earnings
$1,420
Median Rent
$260,200
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Gloucester County, NJ
Properties on Market for Office buildings in Gloucester County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with separate entrances and utilities, plus detached storage with overhead doors, on commercially zoned lots.
Where is this office building located?
The property is located at 2922 FRIES MILL RD Williamstown, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑story office building built in 1990 with approx. 2,000 SF total (1,000 SF per level) and separate entrances; Second‑floor tenant pays $2,300/month, which includes a detached 38' x 42' storage building with 12' overhead door and 16' ceiling; First‑floor tenant pays $4,200/month, which includes the other half of the 38' x 42' storage building with 12' overhead door and 16' ceiling
