Two-Bay Flex
For Sale
Contact for pricing
360 RADIX ROAD, Williamstown, NJ 08094
Flexible garage property with workspace, rear storage, paved parking, and access to major roadways.
Property Size1,650 SF
Price / SF$1.09
Days on Market52
Property Features for 360 RADIX ROAD
General Information
Standard status
Active
Size
1,650 SF
Total Parking Spaces
6
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1945
Buildings
1
Building Size
1,650 SF
Listing Agency:
S. Kelly Real Estate LLC
(856) 455-8820
Listed By:
Jacqueline Capoferri · License #1541079
(856) 332-8583
Source:
Cummingsrealtors
Added: Sep 9
Changed: Oct 29
Last Checked: Oct 30 at 4:53PM
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 S. Kelly Real Estate LLC
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Investment Insights
Based on property information with market context.
This two-bay flex property includes a 30' x 40' main garage area and a separate 15' x 30' rear section. The layout provides dedicated room for shop activities, equipment storage, vehicle storage, or general commercial workspace. Built in 1945, the property also includes a small grass area behind the building and a paved parking lot accommodating approximately 6 motor vehicles.
The garage sits on a side street in Monroe Township at 360 Radix Road, Williamstown, NJ 08094. Its setting near major roadways supports convenient access for contractors, equipment operators, and other commercial users requiring a combination of enclosed workspace and storage. The two-bay configuration offers a practical arrangement for separating vehicles, materials, tools, or work areas.
The garage sits on a side street in Monroe Township at 360 Radix Road, Williamstown, NJ 08094. Its setting near major roadways supports convenient access for contractors, equipment operators, and other commercial users requiring a combination of enclosed workspace and storage. The two-bay configuration offers a practical arrangement for separating vehicles, materials, tools, or work areas.
Key Highlights
- Two‑bay garage configuration
- 30' x 40' main garage area
- Additional 15' x 30' rear space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,559
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,180
$291.2K
Cap Rate 7%
$207,986
$208.0K
Cap Rate 9%
$161,767
$161.8K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$24.8K $15.00/SF
− Vacancy
−$2.4K −$1.43/SF
EGI
$22.4K $13.58/SF
− OpEx
−$7.8K −$4.75/SF
NOI
$14.6K $8.82/SF
Area
Gloucester County, NJ
Vacancy
9.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,180
Cap Rate 7%
$207,986
Cap Rate 9%
$161,767
Alternative Uses
Best Use
Warehouse
$312.2K
$273.1K – $364.2K
NOI $21,851 @ 7.0% cap · market cap 1,213.94%
Second Best
Industrial
$257.1K
$224.9K – $299.9K
NOI $17,995 @ 7.0% cap · market cap 999.72%
Theoretical Best
Office A
$554.6K
$485.3K – $647.1K
NOI $38,824 @ 7.0% cap · market cap 2,156.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible garage property with workspace, rear storage, paved parking, and access to major roadways.
Where is this flex space located?
The property is located at 360 RADIX ROAD Williamstown, NJ.
What are key features of this property?
This property features: Two‑bay garage configuration; 30' x 40' main garage area; Additional 15' x 30' rear space
