Flex Space with Two-Car
517-523 Columbus Ave Trenton, NJ 08629
For Sale
Contact for pricing
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 Market99
Property Features for 517-523 Columbus Ave
General Information
Standard status
Active
Size
2,900 SF
Property subtype
INDUSTRIAL
Listing Agency:
NAI Mertz - Corporate
(609) 352-1162
Listed By:
Joe Riggs · License #2441187
(609) 352-1162
Source:
Moodyscre
Added: Apr 22
Changed: Jul 29
Last Checked: Jul 29 at 12:04PM
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 For Office B
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 | $39.0k | $13.44 |
| − Vacancy | −$4.3k | −$1.48 |
| EGI | $34.7k | $11.96 |
| − OpEx | −$8.7k | −$2.99 |
| NOI | $26.0k | $8.97 |
2,900 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
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
Location Intelligence
Current Use
Similar Off Market Nearby
- Elite Food Catering LLC — 140 Bayard St, Trenton, NJ 08611
- AnnieMae's Catering — 1602 Genesee St, Hamilton Township, NJ 08610
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
