Multi-Tenant Flex
501-300 Thomas Ave, Williamstown, NJ
For Sale
$1,100,000
Seven occupied units bring together office, warehouse, hangar, and storage space.
Property Size7,900 SF
Price / SF$139.24
Days on Market39
Property Features for 501-300 Thomas Ave
General Information
Standard status
Size
Occupancy
Net Operating Income
Additional Details
Gross Income
Drive-In Doors
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Tenancy
Listing Agency:
Keller Williams Realty - Washington Township
(856) 582-1200
Listed By:
Thomas P. Duffy · License NJ #8932672
(856) 218-3400
Source:
Exprealty
Added: Oct 6
Changed: Nov 12
Last Checked: Nov 12 at 2:09PM
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 Realty - Washington Township
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,900-square-foot flex property comprises a main building, a hangar, and a storage container. The approximately 5,000-square-foot main building includes three private offices, three bathrooms, three warehouse bays, and four 12-foot drive-in doors. A separate hangar building measures approximately 1,600 square feet, and the property also includes a 300-square-foot storage container.
All seven units are occupied. On-site well and septic serve the property, which is located at 501-300 Thomas Ave in Williamstown, New Jersey.
All seven units are occupied. On-site well and septic serve the property, which is located at 501-300 Thomas Ave in Williamstown, New Jersey.
Key Highlights
- All 7 units are occupied
- Approximately 7,900 square feet across office, warehouse, hangar, and storage space
- Main building is approximately 5,000 square feet, with three offices and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,159
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,723,180
$1.7M
Cap Rate 7%
$1,230,843
$1.2M
Cap Rate 9%
$957,322
$957.3K
Market Conditions
NOI Build-Up for 7,900 SF
Gross rent
$135.4K $17.14/SF
− Vacancy
−$12.3K −$1.56/SF
EGI
$123.1K $15.58/SF
− OpEx
−$36.9K −$4.67/SF
NOI
$86.2K $10.91/SF
Area
Gloucester County, NJ
Vacancy
9.10%
Lease Rate
$17.14 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,723,180
Cap Rate 7%
$1,230,843
Cap Rate 9%
$957,322
Alternative Uses
Best Use
Warehouse
$1.49M
$1.31M – $1.74M
NOI $104,621 @ 7.0% cap · market cap 9.51%
Second Best
Industrial
$1.23M
$1.08M – $1.44M
NOI $86,159 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$2.66M
$2.32M – $3.10M
NOI $185,885 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Nikki's Elegant Entrees LLC — 2030 N Black Horse Pike, Williamstown, NJ 08094
Frequently Asked Questions
What type of property is this?
Flex space - Seven occupied units bring together office, warehouse, hangar, and storage space.
Where is this flex space located?
The property is located at 501-300 Thomas Ave Williamstown, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: All 7 units are occupied; Approximately 7,900 square feet across office, warehouse, hangar, and storage space; Main building is approximately 5,000 square feet, with three offices and three bathrooms
