Flex Space with
300 Thomas Avenue #501, Williamstown, NJ 08094
For Sale
$1,100,000
Seven occupied units combine office, warehouse, hangar, and storage space.
Property Size7,900 SF
Price / SF$139.24
Days on Market33
Property Features for 300 Thomas Avenue #501
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Net Operating Income
Additional Details
Gross Income
Drive-In Doors
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Keller Williams Realty - Washington Township
(856) 582-1200
Listed By:
Thomas P. Duffy · License #8932672
(856) 218-3400
Source:
Depalmarealty
Added: Oct 6
Changed: Nov 7
Last Checked: Nov 7 at 5:37PM
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 - Washington Township
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-tenant flex property has seven occupied units and a mix of office, warehouse, hangar, and storage areas. The main building measures approximately 5,000 square feet and includes three private offices, three bathrooms, three warehouse bays, and four 12-foot drive-in doors. Separate improvements include an approximately 1,600-square-foot hangar and a 300-square-foot storage container. The property was built in 1986 and is zoned C, Commercial.
On-site well and septic serve the property. The seven-unit configuration is fully occupied.
On-site well and septic serve the property. The seven-unit configuration is fully occupied.
Key Highlights
- Seven units, all currently occupied
- Main building is approximately 5,000 square feet, with three offices and three bathrooms
- Four 12‑foot drive‑in doors and three warehouse bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,159
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,723,180
$1.7M
Cap Rate 7%
$1,230,843
$1.2M
Cap Rate 9%
$957,322
$957.3K
Market Conditions
NOI Build-Up for 7,900 SF
Gross rent
$135.4K $17.14/SF
− Vacancy
−$12.3K −$1.56/SF
EGI
$123.1K $15.58/SF
− OpEx
−$36.9K −$4.67/SF
NOI
$86.2K $10.91/SF
Area
Gloucester County, NJ
Vacancy
9.10%
Lease Rate
$17.14 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,723,180
Cap Rate 7%
$1,230,843
Cap Rate 9%
$957,322
Alternative Uses
Best Use
Warehouse
$1.49M
$1.31M – $1.74M
NOI $104,621 @ 7.0% cap · market cap 9.51%
Second Best
Industrial
$1.23M
$1.08M – $1.44M
NOI $86,159 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$2.66M
$2.32M – $3.10M
NOI $185,885 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Drive-in doors
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Seven occupied units combine office, warehouse, hangar, and storage space.
Where is this flex space located?
The property is located at 300 Thomas Avenue #501 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: Seven units, all currently occupied; Main building is approximately 5,000 square feet, with three offices and three bathrooms; Four 12‑foot drive‑in doors and three warehouse bays
