Fully Leased Warehouse
For Sale
$14,500,000
Pending
520 James Street, Lakewood, NJ 08701
Educational and commercial warehouse campus offering fully leased space on a single commercial-zoned site.
Property Size63,250 SF
Lot Size4.42 Acres
Days on Market148
Property Features for 520 James Street
General Information
Standard status
Pending
Size
63,250 SF
Lot size
4.42 Acres
Property subtype
Commercial
Zoning
Commercial
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$46,664
Building Details
Building Size
63,250 SF
Year Built
1980
Tenancy
Multi
Listing Agency:
Imperial Real Estate Agency
Listed By:
Asher Brodt · License #0450338
(732) 905-5511
Source:
Serhant
Added: May 12
Changed: Oct 1
Last Checked: Oct 5 at 9:20PM
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 Imperial Real Estate Agency
Investment Insights
Based on property information with market context.
The property is a fully leased educational and commercial warehouse campus comprising 4.42 acres and 63,250 square feet of improved structures. The campus is configured as a multi-building site and is currently fully leased. The seller notes it can be delivered vacant, providing flexibility for future use depending on tenant and timing.
The property is located at 520 James Street in Lakewood, New Jersey, with access described as off James St. The site is identified under a Commercial zoning description, supporting a mixed educational and warehouse-oriented use within a single campus arrangement.
For buyers, this offering provides a warehouse campus opportunity with existing income from a fully leased educational and commercial component. It may also be relevant to operators or owners planning a transition, since the property can be delivered vacant. With a defined commercial zoning designation and multiple improved structures, the campus format can be suitable for organizations seeking a single-site platform for warehouse and educational facilities.
The property is located at 520 James Street in Lakewood, New Jersey, with access described as off James St. The site is identified under a Commercial zoning description, supporting a mixed educational and warehouse-oriented use within a single campus arrangement.
For buyers, this offering provides a warehouse campus opportunity with existing income from a fully leased educational and commercial component. It may also be relevant to operators or owners planning a transition, since the property can be delivered vacant. With a defined commercial zoning designation and multiple improved structures, the campus format can be suitable for organizations seeking a single-site platform for warehouse and educational facilities.
Key Highlights
- 4.42‑acre commercial‑zoned educational and commercial warehouse campus
- Fully leased campus with 63,250 SF of improved structures across the site
- Can be delivered vacant (per listing remark)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$862,062
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,241,240
$17.2M
Cap Rate 7%
$12,315,171
$12.3M
Cap Rate 9%
$9,578,467
$9.6M
Market Conditions
NOI Build-Up for 63,250 SF
Gross rent
$1.08M $17.04/SF
− Vacancy
−$63.6K −$1.01/SF
EGI
$1.01M $16.03/SF
− OpEx
−$152.1K −$2.41/SF
NOI
$862.1K $13.63/SF
Area
Ocean County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,241,240
Cap Rate 7%
$12,315,171
Cap Rate 9%
$9,578,467
Alternative Uses
Best Use
Warehouse
$12.32M
$10.78M – $14.37M
NOI $862,062 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.52M
$14.45M – $19.27M
NOI $1,156,109 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08701, NJ
135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Educational and commercial warehouse campus offering fully leased space on a single commercial-zoned site.
Where is this warehouse located?
The property is located at 520 James Street Lakewood, NJ.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: 4.42‑acre commercial‑zoned educational and commercial warehouse campus; Fully leased campus with 63,250 SF of improved structures across the site; Can be delivered vacant (per listing remark)
