Flex Space with Office and
For Sale
Contact for pricing
612 Creek Road, Bellmawr, NJ 08031
Office and garage configuration supports contractor and service-business operations near the I-295 interchange.
Property Size1,547 SF
Price / SF$210.08
Days on Market14
Property Features for 612 Creek Road
General Information
Standard status
Active
Size
1,547 SF
Class
C
Property subtype
Industrial
Additional Details
Highway Access
Yes
Three-Phase Power
Yes
Listing Agency:
Opus Elite Realty
Listed By:
Rocco Yedman · License #2331345
Source:
Crexi
Added: Aug 18
Changed: Aug 31
Last Checked: Aug 31 at 1:41AM
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 Opus Elite Realty
Investment Insights
Based on property information with market context.
This flex property combines office space with a garage-oriented work area, creating a practical setup for contractor and service-business operations. The configuration is suited to electricians, plumbers, HVAC companies, fabricators, and similar businesses requiring both administrative and operational space.
The property is located in Bellmawr, New Jersey, near the I-295 interchange. Its South Jersey location provides access to a regional highway connection while maintaining a dedicated office-and-garage format for business use.
The property is located in Bellmawr, New Jersey, near the I-295 interchange. Its South Jersey location provides access to a regional highway connection while maintaining a dedicated office-and-garage format for business use.
Key Highlights
- Office and garage facility for integrated administrative and operational use
- Located near the I‑295 interchange in Bellmawr, NJ
- Suited for contractors, electricians, plumbers, HVAC companies, and fabricators
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
$21,708
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
6.68%
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%
$434,160
$434.2K
Cap Rate 7%
$310,114
$310.1K
Cap Rate 9%
$241,200
$241.2K
Market Conditions
NOI Build-Up for 1,547 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
$34.0K $21.96/SF
− Vacancy
−$5.0K −$3.25/SF
EGI
$28.9K $18.71/SF
− OpEx
−$7.2K −$4.68/SF
NOI
$21.7K $14.03/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$21.96 /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%
$434,160
Cap Rate 7%
$310,114
Cap Rate 9%
$241,200
Alternative Uses
Best Use
Office B
$310.1K
$271.4K – $361.8K
NOI $21,708 @ 7.0% cap · market cap 6.68%
Second Best
Industrial
$215.3K
$188.4K – $251.2K
NOI $15,074 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$392.2K
$343.2K – $457.6K
NOI $27,457 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08031, NJ
11,707
Population
5,118
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
3.0 sq mi
ZIP Area
3,902
Density / Sq Mi
$74,812
Median Household Income
$46,043
Median Earnings
$1,141
Median Rent
$216,500
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 - Office and garage configuration supports contractor and service-business operations near the I-295 interchange.
Where is this flex space located?
The property is located at 612 Creek Road Bellmawr, NJ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Office and garage facility for integrated administrative and operational use; Located near the I‑295 interchange in Bellmawr, NJ; Suited for contractors, electricians, plumbers, HVAC companies, and fabricators
