Millville Commercial Property For
501 Buck Street Millville, NJ 08332
For Sale
$424,500
COMMERCIAL - Millville, NJ
Property Size4,500 SF
Price / SF$94.33
Days on Market170
Property Features for 501 Buck Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
DC
Interior features
Restroom, Storage
Exterior features
Fence, Truck Door
Fencing
Fenced
Standard status
Active
Size
4,500 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5070
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Number of units
2
Additional Structures
Storage
Listing Agency:
COLDWELL BANKER ARGUS REAL ESTATE-Ventnor
(609) 822-3700
Listed By:
Matthew Bonomini · License #2321153
(631) 398-3519
Added: Feb 9
Changed: May 21
Last Checked: Jul 29 at 8:06PM
MLS# 604538
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner property in Millville, NJ, features a warehouse of approximately 4500 square feet and an office space of 560 square feet. The property includes a large, fenced parking lot. The property was previously used as an auto body shop. Recent renovations include interior updates, roof replacement, and painting in the office. The garage has a new roof, renovated interior and exterior with drywall, paint, flooring, bathrooms, insta hot, LED ceiling lighting, new gas furnace and ductwork, and fencing. The property is located within the Urban Enterprise Zone. The property is suitable for auto repair shops, storage, supply houses, warehouses, and shipping.
Key Highlights
- Large 4500 SF warehouse space
- Renovated 560 SF office space
- Large fenced parking lot
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.5k | $9.00 |
| − Vacancy | −$3.4k | −$0.75 |
| EGI | $37.1k | $8.25 |
| − OpEx | −$5.6k | −$1.24 |
| NOI | $31.6k | $7.02 |
4,500 SF · lease $9.00/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Retail
$776.0K
$679.0K – $905.3K
NOI $54,319 @ 7.0% cap · market cap 12.80%
Second Best
Flex RnD
$688.2K
$602.2K – $802.9K
NOI $48,175 @ 7.0% cap · market cap 11.35%
Theoretical Best
Office A
$6.76M
$5.91M – $7.88M
NOI $472,975 @ 7.0% cap · market cap 111.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Bolt Catering & Meal Prep — 706 N 8th St, Millville, NJ 08332
Frequently Asked Questions
What type of property is this?
Flex space - Renovated warehouse and office space with fenced parking.
Where is this flex space located?
The property is located at 501 Buck Street Millville, NJ.
What is the asking price?
The asking price for this property is $424,500.
What are key features of this property?
This property features: Large 4500 SF warehouse space; Renovated 560 SF office space; Large fenced parking lot
