Warehouse for
For Sale
$895,000
646 Delsea Drive Sewell, Sewell, NJ 08080
For-sale warehouse on Delsea Drive, providing space appropriate for storage and light industrial operations.
Property Size3,000 SF
Price / SF$298.33
Days on Market48
Property Features for 646 Delsea Drive Sewell
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
30
Zoning
HC
Taxes and HOA fees
Annual Taxes
$10,416
Amenities
SEWELL
Septic Exists
GLOUCESTER
ACTIVE
HC
Central A/C
Central
00009 01
Washington Twp (20818)
2025
Electric
Fee Simple
Use GPS
Immediate
1967
2+ Access Exits
Professional,Other/General Retail
Commercial Sale
Square Feet
Active
No
Retail
10416.0
Assessor
270000.0
Yes
107158.00
Block
298.33
60+ Gallon Tank
Natural Gas
Other
0.00 x 0.00
2.46
Driveway
15
3000.00
235000.00
30
Building Details
Building Size
3,000 SF
Year Built
1967
Listing Agency:
(609) 891-3848
Listed By:
Michael Mazzei
(609) 891-3848
Source:
Remaxwelcomehomenj
Added: Jun 30
Changed: Aug 15
Last Checked: Aug 16 at 3:19AM
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 Michael Mazzei
Investment Insights
Based on property information with market context.
This for-sale warehouse property is offered as a “other warehouse” type and includes approximately 3,000 square feet of space. The listing identifies the asset as commercial real estate, suited to tenants or buyers looking for warehouse and storage-oriented real estate.
The property is located at 646 Delsea Drive in Sewell, New Jersey. Prospective users should review on-site conditions and access details during due diligence, as specific features such as bay configuration, ceiling heights, or site improvements are not provided in the available information.
Because the listing only describes the property at a high level, the most practical use is for businesses that want warehouse space for storage, distribution, or light industrial needs. Interested buyers should confirm how the current layout and building systems align with their operational requirements, including receiving, staging, and day-to-day workflow. For anyone evaluating warehouse options for acquisition, this asset provides a defined commercial space size and a straightforward warehouse classification to guide the next step in underwriting and inspection.
The property is located at 646 Delsea Drive in Sewell, New Jersey. Prospective users should review on-site conditions and access details during due diligence, as specific features such as bay configuration, ceiling heights, or site improvements are not provided in the available information.
Because the listing only describes the property at a high level, the most practical use is for businesses that want warehouse space for storage, distribution, or light industrial needs. Interested buyers should confirm how the current layout and building systems align with their operational requirements, including receiving, staging, and day-to-day workflow. For anyone evaluating warehouse options for acquisition, this asset provides a defined commercial space size and a straightforward warehouse classification to guide the next step in underwriting and inspection.
Key Highlights
- 2.46‑acre warehouse property built in 1967 on Delsea Drive
- About 3,000 SF total building area for storage and light industrial operations
- 15‑car parking spaces with driveway parking; total parking spaces listed as 30
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
$39,730
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
4.44%
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%
$794,600
$794.6K
Cap Rate 7%
$567,571
$567.6K
Cap Rate 9%
$441,444
$441.4K
Market Conditions
NOI Build-Up for 3,000 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
$51.4K $17.14/SF
− Vacancy
−$4.7K −$1.56/SF
EGI
$46.7K $15.58/SF
− OpEx
−$7.0K −$2.34/SF
NOI
$39.7K $13.24/SF
Area
Gloucester County, NJ
Vacancy
9.10%
Lease Rate
$17.14 /SF/Yr
Expense Ratio
15.00%
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%
$794,600
Cap Rate 7%
$567,571
Cap Rate 9%
$441,444
Alternative Uses
Best Use
Warehouse
$567.6K
$496.6K – $662.2K
NOI $39,730 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$882.4K – $1.18M
NOI $70,589 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08080, NJ
37,942
Population
14,746
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
1,299
Density / Sq Mi
$119,919
Median Household Income
$61,474
Median Earnings
$1,674
Median Rent
$330,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - For-sale warehouse on Delsea Drive, providing space appropriate for storage and light industrial operations.
Where is this warehouse located?
The property is located at 646 Delsea Drive Sewell Sewell, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2.46‑acre warehouse property built in 1967 on Delsea Drive; About 3,000 SF total building area for storage and light industrial operations; 15‑car parking spaces with driveway parking; total parking spaces listed as 30
