Multi-Use Flex Commercial
392 S NEW RD Pleasantville, NJ 08232
For Sale
Contact for pricing
For sale flex commercial property offering space categorized for hospitality, industrial, office, and retail uses.
Property Size3,760 SF
Price / SF$132.71
Days on Market78
Property Features for 392 S NEW RD
General Information
- Standard status
- Active
- Size
- 3,760 SF
- Property subtype
- Office, Retail, Mixed Use
Building Details
- Year Built
- 1962
Listing Agency:
Keller Williams
(609) 432-9139
Listed By:
Christine Martin · License #8132954
Source:
Crexi
Added: May 7
Changed: Jul 23
Last Checked: Jul 23 at 3:50AM
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
Investment Insights
Based on property information with market context.
Offered for sale, this flex commercial property is listed at 3,760 SF and is categorized in the remarks for hospitality, industrial, office, and retail use.
The property is located at 392 S NEW RD in Pleasantville, NJ. The listing also notes a date of 05/10/2021.
As presented, the asset is positioned to support multiple commercial uses within a single offering, with the available floor area identified as 3,760 SF.
The property is located at 392 S NEW RD in Pleasantville, NJ. The listing also notes a date of 05/10/2021.
As presented, the asset is positioned to support multiple commercial uses within a single offering, with the available floor area identified as 3,760 SF.
Key Highlights
- 3,760 SF flex commercial property with space categorized for hospitality, industrial, office, and retail uses
- Year built: 1962
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.7k | $18.00 |
| − Vacancy | −$4.7k | −$1.26 |
| EGI | $62.9k | $16.74 |
| − OpEx | −$22.0k | −$5.86 |
| NOI | $40.9k | $10.88 |
3,760 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Industrial
$1.15M
$1.01M – $1.35M
NOI $80,717 @ 7.0% cap · market cap 16.18%
Second Best
Office B
$787.0K
$688.6K – $918.1K
NOI $55,088 @ 7.0% cap · market cap 11.04%
Theoretical Best
Warehouse
$1.40M
$1.23M – $1.63M
NOI $98,014 @ 7.0% cap · market cap 19.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Barrington Catering and Ent. Group LLC — 28 Ansley Blvd, Pleasantville, NJ 08232
FAQs
What type of property is this?
Flex space - For sale flex commercial property offering space categorized for hospitality, industrial, office, and retail uses.
Where is this flex space located?
The property is located at 392 S NEW RD Pleasantville, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,760 SF flex commercial property with space categorized for hospitality, industrial, office, and retail uses; Year built: 1962
