Free-Standing Flex
For Sale
$1,050,000
579 3rd St, Atco, NJ 08004
Air-conditioned flex facility combining warehouse, manufacturing, and office areas with on-site parking.
Property Size11,000 SF
Lot Size1.00 Acre
Price / SF$98.91
Days on Market44
Property Features for 579 3rd St
General Information
Standard status
Active
Size
11,000 SF
Total Parking Spaces
30
Lot size
1.00 Acre
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Conditioned Warehouse
Yes
Amenities
conference rooms
kitchen facility
Building Details
Year Built
1975
Buildings
1
Building Size
11,000 SF
Listing Agency:
BHHS Fox & Roach-Marlton
(856) 381-7884
Listed By:
Dawn Varallo · License #1329291
Source:
Tbhteam
Added: Jul 17
Changed: Aug 28
Last Checked: Aug 28 at 8:46PM
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 BHHS Fox & Roach-Marlton
Investment Insights
Based on property information with market context.
This free-standing flex facility combines warehouse and manufacturing space with a substantial office component. The approximately 11,000 SF building includes a reception foyer, four private offices, two conference rooms, a kitchen, and three restrooms. The warehouse area is served by two overhead doors, while wood flooring covers most of the building and concrete flooring is present in the newer addition. Heating and air conditioning serve the entire facility.
The property occupies an approximately one-acre corner lot with about 30 on-site parking spaces. Its position between the White Horse Pike and Route 73 provides access to the Atlantic City Expressway and New Jersey Turnpike. The property is located at 579 3RD ST, Atco, NJ 08004.
The property occupies an approximately one-acre corner lot with about 30 on-site parking spaces. Its position between the White Horse Pike and Route 73 provides access to the Atlantic City Expressway and New Jersey Turnpike. The property is located at 579 3RD ST, Atco, NJ 08004.
Key Highlights
- Approximately 11,000± SF free‑standing commercial/industrial warehouse
- Approximately one‑acre corner lot with about 30 on‑site parking spaces
- Two overhead doors: 10’ x 12’ and 8’ x 7’
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
$95,192
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
9.07%
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%
$1,903,840
$1.9M
Cap Rate 7%
$1,359,886
$1.4M
Cap Rate 9%
$1,057,689
$1.1M
Market Conditions
NOI Build-Up for 10,616 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
$152.9K $14.40/SF
− Vacancy
−$6.4K −$0.60/SF
EGI
$146.4K $13.80/SF
− OpEx
−$51.3K −$4.83/SF
NOI
$95.2K $8.97/SF
Area
Camden County, NJ
Vacancy
4.20%
Lease Rate
$14.40 /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%
$1,903,840
Cap Rate 7%
$1,359,886
Cap Rate 9%
$1,057,689
Alternative Uses
Best Use
Office B
$2.13M
$1.86M – $2.48M
NOI $148,968 @ 7.0% cap · market cap 14.19%
Second Best
Warehouse
$1.84M
$1.61M – $2.15M
NOI $129,084 @ 7.0% cap · market cap 12.29%
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,422 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08004, NJ
12,005
Population
4,238
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
91%
High-School Grad
25.8 sq mi
ZIP Area
465
Density / Sq Mi
$107,041
Median Household Income
$49,164
Median Earnings
$1,169
Median Rent
$255,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Air-conditioned flex facility combining warehouse, manufacturing, and office areas with on-site parking.
Where is this flex space located?
The property is located at 579 3rd St Atco, NJ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Approximately 11,000± SF free‑standing commercial/industrial warehouse; Approximately one‑acre corner lot with about 30 on‑site parking spaces; Two overhead doors: 10’ x 12’ and 8’ x 7’
