511 Route 168 Blackwood, NJ 08012
- Office buildings
- 12,000 SF
- 1.22 lot acres
Current Use by Public Records
- Office buildings
Property Details for 511 Route 168
- Year built
- 1998
- Construction
- METAL FRAME
- Lot size
- 1.22 lot acres
- Property size
- 12,000 SF
- Zone code
- HC
- Property type
- Office buildings
- APN
- 18 00216-0000-00010- 01
- APU
- 180021600000001001
Description
This exceptional 12,000-square-foot building in Blackwood, NJ, presents a unique opportunity for businesses seeking versatile space. Situated on a 1.22-acre lot, the property boasts a compelling blend of modern office and warehouse functionality. The building features 4,000 square feet of meticulously designed office space, including eleven private glass offices, a substantial conference/training room, a large open office area (suitable for a showroom), and an additional glass conference room. A convenient break area/coffee bar completes the office amenities. The expansive 8,000-square-foot warehouse area includes pallet racking, enhancing storage efficiency. Access is facilitated by three overhead doors – two with loading dock access and one with a drive-up ramp and outdoor staging area. Further enhancing the property's potential is a 2,000-square-foot raised and fenced-in pad at the rear, ideal for exterior storage or potential expansion, increasing the building's footprint to approximately 14,000 square feet. The entire building features 24-foot ceilings, a comprehensive sprinkler system, a security alarm, and a surveillance system. Ample parking is provided with approximately 47 spaces. The building is ready for immediate occupancy, offering a seamless transition for the new owner. Furniture may be included in the sale. Priced at $1,849,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,095,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,180,000
- 6.5%
- $1,975,000
- 7%
- $1,920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,280,000
- Geo Method
- $2,030,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,140,000
- Retail
- $2,200,000
- Mixed-Use
- $1,740,000
- Hospitality
- $1,945,000
- Educational
- $2,335,000
- Residential Income
- $2,305,000
- Energy
- $1,850,000
- Income-Based Land
- $2,110,000
- Food Service
- $2,215,000
Location Insight
- Map
- Local Demand
- City
- Blackwood
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.0526
- Latitude
- 39.7726
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
