Flex Warehouse with Overhead
New
For Sale
Contact for pricing
417 N GROVE STREET #D, Berlin, NJ 08009
Flexible rental configuration includes the option to lease Units C and D together or separately.
Property Size1,500 SF
Price / SF$1.00
Days on Market4
Property Features for 417 N GROVE STREET #D
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
20 ft
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1950
Listing Agency:
Century 21 Reilly Realtors
Listed By:
Charles A Maimone Sr. · License #7816854
(856) 767-1776
Source:
Cummingsrealtors
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 17 at 2:19AM
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 Reilly Realtors
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 flex warehouse offers 1,500 square feet with ceiling heights ranging from 14 to 20 feet and a 10-foot overhead door. Three-phase electric is available, and the property was built in 1950. Units C and D may be leased as a pair or individually.
The property provides access to Route 73 and the AC Expressway in a private setting. Parking is available. No CAM fees apply; the landlord covers cold water, sewer, landscaping, snow removal, and exterior lighting.
The property provides access to Route 73 and the AC Expressway in a private setting. Parking is available. No CAM fees apply; the landlord covers cold water, sewer, landscaping, snow removal, and exterior lighting.
Key Highlights
- 1,500‑square‑foot flex warehouse
- 14'-20' ceilings and a 10' overhead door
- Three‑phase electric available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,450
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,000
$269.0K
Cap Rate 7%
$192,143
$192.1K
Cap Rate 9%
$149,444
$149.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$21.6K $14.40/SF
− Vacancy
−$907 −$0.60/SF
EGI
$20.7K $13.80/SF
− OpEx
−$7.2K −$4.83/SF
NOI
$13.5K $8.97/SF
Area
Camden County, NJ
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,000
Cap Rate 7%
$192,143
Cap Rate 9%
$149,444
Alternative Uses
Best Use
Warehouse
$260.6K
$228.0K – $304.0K
NOI $18,239 @ 7.0% cap · market cap 1,215.93%
Second Best
Industrial
$208.8K
$182.7K – $243.6K
NOI $14,616 @ 7.0% cap · market cap 974.40%
Theoretical Best
Office A
$380.3K
$332.8K – $443.7K
NOI $26,623 @ 7.0% cap · market cap 1,774.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08009, NJ
13,885
Population
5,764
Households
2.4
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
16.5 sq mi
ZIP Area
842
Density / Sq Mi
$101,964
Median Household Income
$52,767
Median Earnings
$1,392
Median Rent
$291,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible rental configuration includes the option to lease Units C and D together or separately.
Where is this flex space located?
The property is located at 417 N GROVE STREET #D Berlin, NJ.
What are key features of this property?
This property features: 1,500‑square‑foot flex warehouse; 14'-20' ceilings and a 10' overhead door; Three‑phase electric available
