Flex Space with Overhead
New
For Sale
$199,900
721 E Main St, Maple Shade, NJ 08052
A multi-room interior and garage area offer a mix of office, workspace, and storage functions.
Property Size1,394 SF
Price / SF$143.40
Days on Market4
Property Features for 721 E Main St
General Information
Standard status
Active
Size
1,394 SF
Property subtype
Commercial
Property Condition
Severity
Major Repairs Needed
Evidence
requires substantial renovations and repairs
Building Details
Year Built
1955
Listing Agency:
RE/MAX Pinnacle
Listed By:
Stewart S Daniels · License #0895636
(732) 496-0985
Source:
Viewmarylandhomesforsale
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 1:31PM
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 Pinnacle
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Investment Insights
Based on property information with market context.
Built in 1955, this 1,394-square-foot flex property combines open interior space with several separate rooms and restroom facilities. A sizable garage or warehouse area with an overhead door adds functional space for storage or work activities. The property requires substantial repairs and renovation and is offered in its current condition.
Key Highlights
- 1,394‑square‑foot flex property built in 1955
- Garage or warehouse area includes an overhead door
- Open interior, multiple rooms, and restroom facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,647
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,940
$312.9K
Cap Rate 7%
$223,529
$223.5K
Cap Rate 9%
$173,856
$173.9K
Market Conditions
NOI Build-Up for 1,394 SF
Gross rent
$23.8K $17.04/SF
− Vacancy
−$1.4K −$1.01/SF
EGI
$22.4K $16.03/SF
− OpEx
−$6.7K −$4.81/SF
NOI
$15.6K $11.22/SF
Area
Ocean County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,940
Cap Rate 7%
$223,529
Cap Rate 9%
$173,856
Alternative Uses
Best Use
Warehouse
$271.4K
$237.5K – $316.7K
NOI $18,999 @ 7.0% cap · market cap 9.50%
Second Best
Flex RnD
$264.4K
$231.3K – $308.4K
NOI $18,505 @ 7.0% cap · market cap 9.26%
Theoretical Best
Office A
$364.0K
$318.5K – $424.7K
NOI $25,480 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 08052, NJ
20,003
Population
9,401
Households
2.1
Avg Household Size
38
Median Age
34%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,264
Density / Sq Mi
$75,732
Median Household Income
$49,963
Median Earnings
$1,574
Median Rent
$235,500
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- J&D venue — 815 Hooper Ave, Toms River, NJ 08753
Frequently Asked Questions
What type of property is this?
Flex space - A multi-room interior and garage area offer a mix of office, workspace, and storage functions.
Where is this flex space located?
The property is located at 721 E Main St Maple Shade, NJ.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,394‑square‑foot flex property built in 1955; Garage or warehouse area includes an overhead door; Open interior, multiple rooms, and restroom facilities
