501 Buck Street Millville, NJ 08332
For Sale
Contact for pricing
Flex space
Property Size5,060 SF
Price / SF$83.89
Days on Market167
Property Features for 501 Buck Street
General Information
Standard status
Active
Size
5,060 SF
Property subtype
Retail
Building Details
Year Built
1959
Listing Agency:
Coldwell Banker Argus Real Estate
Listed By:
Matt Bonomini · License #NJ 2321153
Source:
Crexi
Added: Feb 11
Changed: Jul 10
Last Checked: Jul 27 at 2:41PM
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 Coldwell Banker Argus Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Approx. 4500 SF Warehouse and 560 SF Office space.
- Large fenced‑in parking lot.
- Suitable for various businesses: auto repair, storage, supply houses, warehouses, shipping, etc.
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 | $45.5k | $9.00 |
| − Vacancy | −$3.8k | −$0.75 |
| EGI | $41.8k | $8.25 |
| − OpEx | −$6.3k | −$1.24 |
| NOI | $35.5k | $7.02 |
5,060 SF · lease $9.00/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$773.9K
$677.1K – $902.8K
NOI $54,170 @ 7.0% cap · market cap 12.76%
Second Best
Warehouse
$507.1K
$443.7K – $591.6K
NOI $35,496 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$7.60M
$6.65M – $8.86M
NOI $531,834 @ 7.0% cap · market cap 125.28%
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
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: Approx. 4500 SF Warehouse and **560 SF Office space**.; **Large fenced‑in parking lot.**; Suitable for various businesses: auto repair, storage, supply houses, warehouses, shipping, etc.
