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    Retail and Industrial Storage Buildings Title is generated by Realmo AI

    50 & 74 E Grant Street, Woodstown, NJ 08098

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    For Sale
    $1,200,000

    Mixed-use property includes a retail hardware building and industrial storage buildings on 3.33 acres, sold as-is.

    Type:Commercial
    Property size:
    11,427 SF
    Lot size:
    3.33 Acres
    Price / SF:
    $105/SF
    Added:
    Jun 17, 2025
    Days on Market:
    355
    Last Refresh:
    Jun 6 at 4:34 am

    Property Features for 50 & 74 E Grant Street

    General Information

    Standard status
    Active
    Size
    11,427 SF
    Lot size
    3.33 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1974

    We can help!

    Listing Contact
    Richard G Warner

    Listing agent Richard G Warner

    Listing office Warner Real Estate & Auction Company

    Listing date Jun 17, 2025

    Source Deepcreeklake

    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 Warner Real Estate & Auction Company

    HighLights

    • Mixed‑use property on 3.33+/- acres with a retail hardware building plus four industrial storage buildings
    • Gross building area totals 11,427+/- SF (GBA 11,427+/- SF) across the storage and retail structures
    • SI (Supply Industrial) zoning district; includes block 18 and lots 29 & 34
    • Three of the four industrial storage buildings are currently used for storage
    • 360' well on the property linked into the Raritan aquifer
    • Sold as‑is (real estate only); inventory and business not included

    Overview

    The offering is a long-standing retail building previously used as a hardware store, along with four industrial storage buildings, with three of the four currently used for storage. The industrial gross building area totals 11,427 +/- SF. The sale is real estate only, and the inventory and business are not included. The property is being sold in “As Is” condition.

    The site includes Block 18 and Lots 29 & 34 and is located in the SI (Supply Industrial) zoning district. The property sits on 3.33 +/- acres and includes a 360' well linked into the Raritan aquifer. Access is described as being right off Route 40, with proximity to Route 55, Route 322, I-295, NJ Turnpike (Exit 2), and the DE/PA bridges.

    This assemblage can work for operators seeking on-site storage alongside a retail component, as well as developers evaluating a redevelopment concept within an industrial zoning district. Interested parties should review the current “As Is” condition and confirm suitability for their intended use under the SI zoning designation.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodstown
    County
    Salem
    State
    New Jersey
    Longitude
    -75.3254197
    Latitude
    39.6539025

    Nearby Similar for Sale

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      Hardware Store and Storage Buildings

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    • Contact for pricing
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      Retail Space in Grocery-Anchored Center

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    FAQs

    What type of property is this?
    Flex space - Mixed-use property includes a retail hardware building and industrial storage buildings on 3.33 acres, sold as-is.
    Where is this flex space located?
    The property is located at 50 & 74 E Grant Street Woodstown, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Mixed‑use property on 3.33+/- acres with a retail hardware building plus four industrial storage buildings; Gross building area totals 11,427+/- SF (GBA 11,427+/- SF) across the storage and retail structures; SI (Supply Industrial) zoning district; includes block 18 and lots 29 & 34
    We can help!
    Listing Contact
    Richard G Warner
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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