Flex Industrial
For Sale
$699,000
619-619 Church St, Pleasantville, NJ
Combined industrial and office configuration with overhead loading access, climate-controlled offices, and outdoor storage capacity.
Property Size4,500 SF
Price / SF$155.33
Days on Market122
Property Features for 619-619 Church St
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
10
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
4,000 SF
Office Build-Out
500 SF
Drive-In Doors
1
Additional Details
Outdoor Storage
Yes
Office Units
1
Building Details
Buildings
1
Listing Agency:
Re/Max One Realty - Moorestown
(609) 670-4082
Listed By:
Stefani Roach · License #8938810
Source:
Exprealty
Added: May 1
Changed: Aug 30
Last Checked: Aug 30 at 2:18PM
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 Re/Max One Realty - Moorestown
Investment Insights
Based on property information with market context.
This flex property at 619-619 Church St combines a 4,000-square-foot warehouse with a separate 500-square-foot office area. The warehouse offers 20-foot ceilings, one standard entry door, one overhead door, two forced gas heating units, and one bathroom. Its open layout can accommodate storage, light manufacturing, distribution, equipment, and inventory configurations. The office component provides a climate-controlled setting for administrative work, meetings, or customer service functions.
The property includes 8–10 parking spaces and an outdoor grass storage area measuring approximately 100 by 20 feet. Secure entry points serve both the warehouse and office areas. The zoning supports a range of industrial and commercial activities, including manufacturing, distribution, warehousing, and administrative operations. The property is located at 619-619 Church St in Pleasantville, NJ.
The property includes 8–10 parking spaces and an outdoor grass storage area measuring approximately 100 by 20 feet. Secure entry points serve both the warehouse and office areas. The zoning supports a range of industrial and commercial activities, including manufacturing, distribution, warehousing, and administrative operations. The property is located at 619-619 Church St in Pleasantville, NJ.
Key Highlights
- 4,000‑square‑foot open warehouse with flexible storage, light manufacturing, and distribution applications
- 20‑foot warehouse ceilings support vertical storage, racking, and overhead‑clearance equipment
- 500‑square‑foot climate‑controlled office area for administrative and customer‑facing functions
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
$48,965
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
7.01%
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%
$979,300
$979.3K
Cap Rate 7%
$699,500
$699.5K
Cap Rate 9%
$544,056
$544.1K
Market Conditions
NOI Build-Up for 4,500 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
$81.0K $18.00/SF
− Vacancy
−$5.7K −$1.26/SF
EGI
$75.3K $16.74/SF
− OpEx
−$26.4K −$5.86/SF
NOI
$49.0K $10.88/SF
Area
Atlantic County, NJ
Vacancy
7.00%
Lease Rate
$18.00 /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%
$979,300
Cap Rate 7%
$699,500
Cap Rate 9%
$544,056
Alternative Uses
Best Use
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,304 @ 7.0% cap · market cap 16.78%
Second Best
Industrial
$1.38M
$1.21M – $1.61M
NOI $96,603 @ 7.0% cap · market cap 13.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
1
Office units
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Barrington Catering and Ent. Group LLC — 28 Ansley Blvd, Pleasantville, NJ 08232
Frequently Asked Questions
What type of property is this?
Flex space - Combined industrial and office configuration with overhead loading access, climate-controlled offices, and outdoor storage capacity.
Where is this flex space located?
The property is located at 619-619 Church St Pleasantville, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4,000‑square‑foot open warehouse with flexible storage, light manufacturing, and distribution applications; 20‑foot warehouse ceilings support vertical storage, racking, and overhead‑clearance equipment; 500‑square‑foot climate‑controlled office area for administrative and customer‑facing functions
