Flex Space with Overhead Door
For Sale
$899,000
501 W Patcong Ave, Linwood, NJ 08221
COMMERCIAL - Linwood, NJ
Property Size6,500 SF
Price / SF$138.31
Days on Market96
Property Features for 501 W Patcong Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Laundry Room, Office
Interior features
220 Volt Electricity, Restroom, Storage
Exterior features
Sign, Storage Building
Directions
North on Route 9, Right on w Patcong Ave.
Subdivision
Linwood City
Standard status
Active
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
16502
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Zoned
Cooling system
Wall Unit(s), Zoned, Ceiling Fan(s), Central Air
Water source
Public
Amenities
Generac SD350 generator
Building Details
Year built
1960
Flooring type
Linoleum, Concrete, Carpet
Additional Structures
Storage
Listing Agency:
BHHS FOX and ROACH-West Ave OC
(609) 957-6787
Listed By:
PATRICK HALLIDAY · License #0453531
(609) 957-6787
Added: May 26
Changed: Aug 4
Last Checked: Aug 29 at 12:06AM
MLS# 608225
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.
Flex space built in 1960 offering 6,500 square feet of mixed warehouse and professional office space. The building has multiple entrances and access points, including overhead door access for the warehouse area and separate entrances serving the professional office area.
The property is supported by ample off-street parking and includes substantial storage space. Interior features include restroom, storage, and 220-volt electricity. Flooring consists of linoleum, carpet, and concrete, with zoned heating and forced air using natural gas. Cooling includes ceiling fan(s), wall unit(s), central air, and zoned systems.
Operational support includes a Generac SD350 generator. The property also includes a laundry room and an office. Utilities are connected with public water and public sewer, and exterior features include a sign and a storage building.
The property is supported by ample off-street parking and includes substantial storage space. Interior features include restroom, storage, and 220-volt electricity. Flooring consists of linoleum, carpet, and concrete, with zoned heating and forced air using natural gas. Cooling includes ceiling fan(s), wall unit(s), central air, and zoned systems.
Operational support includes a Generac SD350 generator. The property also includes a laundry room and an office. Utilities are connected with public water and public sewer, and exterior features include a sign and a storage building.
Key Highlights
- 6,500 SF flex building with mixed warehouse and professional office space
- Overhead door access for the warehouse plus separate entrances for the office area
- Built in 1960 with zoned heating and forced air natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,727
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,414,540
$1.4M
Cap Rate 7%
$1,010,386
$1.0M
Cap Rate 9%
$785,856
$785.9K
Market Conditions
NOI Build-Up for 6,500 SF
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.
Gross rent
$117.0K $18.00/SF
− Vacancy
−$8.2K −$1.26/SF
EGI
$108.8K $16.74/SF
− OpEx
−$38.1K −$5.86/SF
NOI
$70.7K $10.88/SF
Area
Atlantic County, NJ
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,414,540
Cap Rate 7%
$1,010,386
Cap Rate 9%
$785,856
Alternative Uses
Best Use
Warehouse
$2.42M
$2.12M – $2.82M
NOI $169,439 @ 7.0% cap · market cap 18.85%
Second Best
Industrial
$1.99M
$1.74M – $2.33M
NOI $139,538 @ 7.0% cap · market cap 15.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08221, NJ
6,971
Population
2,859
Households
2.4
Avg Household Size
46
Median Age
59%
College-Educated
94%
High-School Grad
4.7 sq mi
ZIP Area
1,483
Density / Sq Mi
$135,904
Median Household Income
$64,205
Median Earnings
$2,070
Median Rent
$351,100
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space offering mixed warehouse and professional office areas with multiple entrances and overhead door access.
Where is this flex space located?
The property is located at 501 W Patcong Ave Linwood, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 6,500 SF flex building with mixed warehouse and professional office space; Overhead door access for the warehouse plus separate entrances for the office area; Built in 1960 with zoned heating and forced air natural gas
