Warehouse with Oversized Bay
For Sale
Contact for pricing
64 E Washington Ave, Pleasantville, NJ 08232
Flexible warehouse space in Pleasantville’s CBD and UEZ includes an adjoining side lot for additional commercial use.
Property Size6,700 SF
Price / SF$0.71
Days on Market88
Property Features for 64 E Washington Ave
General Information
Standard status
Active
Size
6,700 SF
Amenities
two oversized bay doors
custom-built shelving
second-floor loft
Building Details
Year Built
1950
Listing Agency:
eXp Realty - Montclair
Listed By:
CARLO DROGO · License #1756500
(856) 333-3760
Source:
Southjerseyshorehomesfinder
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 7 at 3:47PM
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 eXp Realty - Montclair
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Investment Insights
Based on property information with market context.
Built in 1950, this warehouse provides approximately 6,700 square feet of adaptable commercial space in Pleasantville’s Central Business District and Urban Enterprise Zone. The interior combines a broad open warehouse area with custom shelving, two oversized bay doors, and a second-floor loft, creating a practical configuration for storage and industrial operations.
The property also includes a large adjoining side lot that expands the site’s functional footprint. The lot can support additional outdoor storage, parking, or future expansion needs, subject to applicable approvals. Located at 64 E Washington Ave, the property offers a combination of enclosed warehouse space, loading access, built-in storage, loft area, and supplemental land within an established commercial district.
The property also includes a large adjoining side lot that expands the site’s functional footprint. The lot can support additional outdoor storage, parking, or future expansion needs, subject to applicable approvals. Located at 64 E Washington Ave, the property offers a combination of enclosed warehouse space, loading access, built-in storage, loft area, and supplemental land within an established commercial district.
Key Highlights
- Approximately 6,700 square feet of warehouse space
- Two oversized bay doors support loading and access
- Open warehouse area with custom‑built shelving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,903
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,458,060
$1.5M
Cap Rate 7%
$1,041,471
$1.0M
Cap Rate 9%
$810,033
$810.0K
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$120.6K $18.00/SF
− Vacancy
−$8.4K −$1.26/SF
EGI
$112.2K $16.74/SF
− OpEx
−$39.3K −$5.86/SF
NOI
$72.9K $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 Rate 5%
$1,458,060
Cap Rate 7%
$1,041,471
Cap Rate 9%
$810,033
Alternative Uses
Best Use
Warehouse
$2.50M
$2.18M – $2.91M
NOI $174,652 @ 7.0% cap · market cap 3,676.88%
Second Best
Industrial
$2.05M
$1.80M – $2.40M
NOI $143,831 @ 7.0% cap · market cap 3,028.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 08232, NJ
19,897
Population
7,136
Households
2.8
Avg Household Size
37
Median Age
11%
College-Educated
73%
High-School Grad
5.9 sq mi
ZIP Area
3,372
Density / Sq Mi
$52,476
Median Household Income
$30,661
Median Earnings
$1,210
Median Rent
$179,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- CubeSmart Self Storage — 6649 Black Horse Pike, Egg Harbor Township, NJ 08234
- Extra Space Storage — 6518 Black Horse Pike, Egg Harbor Township, NJ 08234
Frequently Asked Questions
What type of property is this?
Warehouse - Flexible warehouse space in Pleasantville’s CBD and UEZ includes an adjoining side lot for additional commercial use.
Where is this warehouse located?
The property is located at 64 E Washington Ave Pleasantville, NJ.
What are key features of this property?
This property features: Approximately 6,700 square feet of warehouse space; Two oversized bay doors support loading and access; Open warehouse area with custom‑built shelving
