Flex Space With Truck
For Sale
Contact for pricing
54 State Route 12, Flemington, NJ 08822
Light industrial space offers highway access, a truck dock, and paved driveway access in a central business district setting.
Property Size5,000 SF
Price / SF$0.00
Days on Market175
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Property Features for 54 State Route 12
General Information
Standard status
Active
Size
5,000 SF
Additional Details
Highway Access
Yes
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
KENNETH WORDEN
(908) 874-8421
Source:
Thebansalteam
Added: Apr 24
Changed: Oct 10
Last Checked: Oct 7 at 1:42PM
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 REALTY
Investment Insights
Based on property information with market context.
This flex-space property is described as light industrial warehouse space with a truck dock and paved driveway access. The property also includes a shared driveway arrangement, supporting access to the building and loading area.
Located at 54 State Route 12 in Flemington, New Jersey, the property offers highway access and a Central Business District setting. The source information identifies the space for sale and characterizes it as a flexible industrial warehouse asset.
Located at 54 State Route 12 in Flemington, New Jersey, the property offers highway access and a Central Business District setting. The source information identifies the space for sale and characterizes it as a flexible industrial warehouse asset.
Key Highlights
- Truck dock included
- Highway access
- Paved driveway access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,634
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,680
$1.1M
Cap Rate 7%
$794,771
$794.8K
Cap Rate 9%
$618,156
$618.2K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$90.0K $18.00/SF
− Vacancy
−$4.4K −$0.88/SF
EGI
$85.6K $17.12/SF
− OpEx
−$30.0K −$5.99/SF
NOI
$55.6K $11.13/SF
Area
Hunterdon County, NJ
Vacancy
4.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,680
Cap Rate 7%
$794,771
Cap Rate 9%
$618,156
Alternative Uses
Best Use
Warehouse
$973.5K
$851.8K – $1.14M
NOI $68,147 @ 7.0% cap · market cap 567,891.67%
Second Best
Industrial
$801.7K
$701.5K – $935.4K
NOI $56,121 @ 7.0% cap · market cap 467,675.00%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,392 @ 7.0% cap · market cap 761,600.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08822, NJ
31,844
Population
12,274
Households
2.6
Avg Household Size
44
Median Age
57%
College-Educated
94%
High-School Grad
64.7 sq mi
ZIP Area
492
Density / Sq Mi
$137,698
Median Household Income
$67,198
Median Earnings
$1,685
Median Rent
$513,900
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
Similar Off Market Nearby
- Humdoo — 20 Stangl Rd, Flemington, NJ 08822
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial space offers highway access, a truck dock, and paved driveway access in a central business district setting.
Where is this flex space located?
The property is located at 54 State Route 12 Flemington, NJ.
What are key features of this property?
This property features: Truck dock included; Highway access; Paved driveway access
