Listing Agency: BHHS Fox & Roach-Washington-Gloucester Show Phone

Listed By: Christine M Stucke · License #0679515 Show Phone

Source: Exprealty

Added: Mar 29 Changed: Oct 10 Last Checked: Oct 16 at 11:58AM

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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 BHHS Fox & Roach-Washington-Gloucester

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Investment Insights

Based on property information with market context.

This cold storage facility is located on approximately 1.5 acres in Franklin Township, Gloucester County, and offers convenient access to Route 40, Route 55, and the Atlantic City Expressway, providing connectivity to the New Jersey Turnpike, Philadelphia, and shore points. The property features approximately 2,200 square feet of building space, including 1,800 square feet of cold storage and two private office spaces, along with two powder rooms. The cold storage area offers a 15-foot ceiling height. A loading dock and covered canopy area span just under 6,000 square feet, featuring a 14-foot ceiling height and a 140-foot length. The site is fully fenced with a gravel base and can accommodate approximately 10-12 trailers on-site. The cold storage equipment was replaced in 2016, and the property is equipped with a solar system installed in 2022, reducing electric costs by approximately 50%. The system includes a 15-year term with remaining SRECs transferring to the new owner. The property is suited for distribution, logistics, food service, or agricultural operations.

Key Highlights

• Strategic location with convenient access to Route 40, Route 55, and the Atlantic City Expressway.
• Expansive loading dock and covered canopy area (just under 6,000 sq ft) with a 140‑foot length.**
• Significant cost savings with an owned solar system (installed in 2022) reducing electric costs by approximately 50%, plus remaining SRECs transfer to the new owner.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,135

Cap Rate

4.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$582,700 $582.7K

Cap Rate 7%

$416,214 $416.2K

Cap Rate 9%

$323,722 $323.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,200 SF

Gross rent

$37.7K $17.14/SF

− Vacancy

−$3.4K −$1.56/SF

EGI

$34.3K $15.58/SF

− OpEx

−$5.1K −$2.34/SF

NOI

$29.1K $13.24/SF

Area

Gloucester County, NJ

Vacancy

9.10%

Lease Rate

$17.14 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$582,700

Cap Rate 7%

$416,214

Cap Rate 9%

$323,722

Alternative Uses

Best Use

Warehouse

$416.2K

$364.2K – $485.6K (±1% cap)

NOI $29,135 @ 7.0% cap · market cap 4.66%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$739.5K

$647.1K – $862.8K (±1% cap)

NOI $51,766 @ 7.0% cap · market cap 8.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Refrigerated & Cold Storage

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

250

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 08312, NJ

8,465

Population

3,558

Households

2.4

Avg Household Size

40

Median Age

22%

College-Educated

93%

High-School Grad

5.5 sq mi

ZIP Area

1,539

Density / Sq Mi

$88,448

Median Household Income

$46,950

Median Earnings

$1,204

Median Rent

$248,000

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Warehouse - Cold storage facility with solar, dock, and trailer capacity.

Where is this warehouse located?

The property is located at 344 N Main St Clayton, NJ.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Strategic location with convenient access to Route 40, Route 55, and the Atlantic City Expressway.; Expansive loading dock and covered canopy area (just under 6,000 sq ft) with a 140‑foot length.**; Significant cost savings with an owned solar system (installed in 2022) reducing electric costs by approximately 50%, plus remaining SRECs transfer to the new owner.**