Office Units with Highway
For Sale
Contact for pricing
481 Memorial Pkwy, Phillipsburg, NJ 08865
B-2-zoned office units with a flexible layout and prior medical office configuration.
Property Size1,800 SF
Price / SF$1.00
Days on Market61
Property Features for 481 Memorial Pkwy
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Zoning
B-2
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Listing Agency:
Re/Max Premier
(908) 872-5473
Listed By:
The Campusano Group
(646) 469-7874
Source:
Thecampusanogroup
Added: Aug 16
Changed: Oct 15
Last Checked: Oct 14 at 11:10PM
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 Re/Max Premier
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Investment Insights
Based on property information with market context.
Office units at 481 Memorial Pkwy feature a flexible interior layout and were previously configured for doctor and surgical office use. The property is zoned B-2, supporting office-based and retail-oriented commercial applications under the stated zoning designation.
Direct highway signage provides exposure from the surrounding corridor, while the location is near established businesses in the Easton area. The space is available immediately, and ownership is open to improvements or build-outs tailored to a business’s requirements. Common area maintenance and snow removal are included in the occupancy arrangement described for the property, with occupants responsible for their own utilities.
Direct highway signage provides exposure from the surrounding corridor, while the location is near established businesses in the Easton area. The space is available immediately, and ownership is open to improvements or build-outs tailored to a business’s requirements. Common area maintenance and snow removal are included in the occupancy arrangement described for the property, with occupants responsible for their own utilities.
Key Highlights
- B‑2 zoning supports office‑based and retail‑oriented commercial applications
- Previously configured for doctor and surgical office use
- Flexible interior layout available for business adaptation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,334
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,680
$566.7K
Cap Rate 7%
$404,771
$404.8K
Cap Rate 9%
$314,822
$314.8K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$47.5K $26.40/SF
− Vacancy
−$9.7K −$5.41/SF
EGI
$37.8K $20.99/SF
− OpEx
−$9.4K −$5.25/SF
NOI
$28.3K $15.74/SF
Area
Warren County, NJ
Vacancy
20.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,680
Cap Rate 7%
$404,771
Cap Rate 9%
$314,822
Alternative Uses
Best Use
Healthcare Medical
$445.5K
$389.8K – $519.8K
NOI $31,185 @ 7.0% cap · market cap 1,732.50%
Second Best
Office B
$404.8K
$354.2K – $472.2K
NOI $28,334 @ 7.0% cap · market cap 1,574.11%
Theoretical Best
Warehouse
$679.1K
$594.2K – $792.3K
NOI $47,536 @ 7.0% cap · market cap 2,640.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
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Business Placement
Demographics for 08865, NJ
30,537
Population
14,146
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
736
Density / Sq Mi
$78,519
Median Household Income
$49,811
Median Earnings
$1,248
Median Rent
$244,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - B-2-zoned office units with a flexible layout and prior medical office configuration.
Where is this office units located?
The property is located at 481 Memorial Pkwy Phillipsburg, NJ.
What are key features of this property?
This property features: B‑2 zoning supports office‑based and retail‑oriented commercial applications; Previously configured for doctor and surgical office use; Flexible interior layout available for business adaptation
