Multi-Tenant Flex
For Sale
$1,100,000
501-300 Thomas Ave, Williamstown, NJ
Seven occupied units bring together office, warehouse, hangar, and storage space.
Property Size7,900 SF
Price / SF$139.24
Days on Market8
Property Features for 501-300 Thomas Ave
General Information
Standard status
Active
Size
7,900 SF
Occupancy
100%
Net Operating Income
$104,111
Additional Details
Gross Income
$124,200
Drive-In Doors
4
Taxes and HOA fees
Annual Taxes
$10,089
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty - Washington Township
(856) 582-1200
Listed By:
Thomas P. Duffy · License #8932672
(856) 218-3400
Source:
Exprealty
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 13 at 12:58AM
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
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
$88,672
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,773,440
$1.8M
Cap Rate 7%
$1,266,743
$1.3M
Cap Rate 9%
$985,244
$985.2K
Market Conditions
NOI Build-Up for 7,900 SF
Gross rent
$134.6K $17.04/SF
− Vacancy
−$7.9K −$1.01/SF
EGI
$126.7K $16.03/SF
− OpEx
−$38.0K −$4.81/SF
NOI
$88.7K $11.22/SF
Area
Middlesex County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,773,440
Cap Rate 7%
$1,266,743
Cap Rate 9%
$985,244
Alternative Uses
Best Use
Flex RnD
$1.64M
$1.44M – $1.91M
NOI $114,823 @ 7.0% cap · market cap 10.44%
Second Best
Warehouse
$1.54M
$1.35M – $1.79M
NOI $107,673 @ 7.0% cap · market cap 9.79%
Theoretical Best
Office A
$2.06M
$1.80M – $2.41M
NOI $144,399 @ 7.0% cap · market cap 13.13%
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
72
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
