Flex Space with Two-Car
For Sale
Contact for pricing
517-523 Columbus Ave, Trenton, NJ 08629
Fenced flex space offering a dispatch office and storage area, plus a two-car garage and a 2nd-floor private office suite.
Property Size2,900 SF
Price / SF$165.17
Days on Market145
Property Features for 517-523 Columbus Ave
General Information
Standard status
Active
Size
2,900 SF
Property subtype
INDUSTRIAL
Additional Details
Floor
2
Listing Agency:
NAI Mertz - Corporate
(856) 234-9600
Listed By:
Joe Riggs
(609) 352-1162
Source:
Moodyscre
Added: Apr 22
Changed: Aug 12
Last Checked: Sep 13 at 6:43AM
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 NAI Mertz - Corporate
Investment Insights
Based on property information with market context.
This flex space includes a dispatch office and storage area, along with a two-car garage and a 2nd-floor private office suite. The property also features a fenced-in parking lot for tenant and visitor parking.
The site is set up to support day-to-day operational needs, with 15+ parking spaces available on-site. The office space is arranged with a separate 2nd-floor private suite, while the dispatch and storage areas support workflow from within the building.
Available immediately, this property is offered for sale with showings by appointment only.
The site is set up to support day-to-day operational needs, with 15+ parking spaces available on-site. The office space is arranged with a separate 2nd-floor private suite, while the dispatch and storage areas support workflow from within the building.
Available immediately, this property is offered for sale with showings by appointment only.
Key Highlights
- 2,900 SF flex space with dispatch office and storage area
- Fenced‑in parking lot with 15+ parking spaces
- Two‑car garage for on‑site vehicle storage
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
$26,016
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
5.43%
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%
$520,320
$520.3K
Cap Rate 7%
$371,657
$371.7K
Cap Rate 9%
$289,067
$289.1K
Market Conditions
NOI Build-Up for 2,900 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
$39.0K $13.44/SF
− Vacancy
−$4.3K −$1.48/SF
EGI
$34.7K $11.96/SF
− OpEx
−$8.7K −$2.99/SF
NOI
$26.0K $8.97/SF
Area
Mercer County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
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%
$520,320
Cap Rate 7%
$371,657
Cap Rate 9%
$289,067
Alternative Uses
Best Use
Industrial
$775.1K
$678.2K – $904.3K
NOI $54,255 @ 7.0% cap · market cap 11.33%
Second Best
Office B
$371.7K
$325.2K – $433.6K
NOI $26,016 @ 7.0% cap · market cap 5.43%
Theoretical Best
Warehouse
$933.0K
$816.4K – $1.09M
NOI $65,313 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08629, NJ
13,359
Population
4,559
Households
2.9
Avg Household Size
34
Median Age
15%
College-Educated
75%
High-School Grad
0.8 sq mi
ZIP Area
16,699
Density / Sq Mi
$81,367
Median Household Income
$39,278
Median Earnings
$1,263
Median Rent
$149,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Fenced flex space offering a dispatch office and storage area, plus a two-car garage and a 2nd-floor private office suite.
Where is this flex space located?
The property is located at 517-523 Columbus Ave Trenton, NJ.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 2,900 SF flex space with dispatch office and storage area; Fenced‑in parking lot with 15+ parking spaces; Two‑car garage for on‑site vehicle storage
