Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    HAMILTON, NJ Commercial Property Title is generated by Realmo AI

    10-16 REEVES Avenue, Hamilton, NJ 08610

    View on Map
    Claim this Listing
    For Sale
    $1,600,000

    Commercial Sale - HAMILTON, NJ

    Type:Office
    Lot size:
    1.15 Acres
    Added:
    Aug 3, 2025
    Days on Market:
    288
    Last Refresh:
    May 17 at 11:06 am

    Property Features for 10-16 REEVES Avenue

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    50
    Parking features
    Parking Lot
    Standard status
    Active
    Lot size
    1.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    20650

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Building materials
    Frame

    We can help!

    Listing Contact
    Seth Davidson

    Listing agent Seth Davidson License #1755116

    Listing office Better Homes and Gardens Real Estate Maturo 251 Masonville Road, NJ

    Listing date Aug 3, 2025

    MLS# NJME2063336

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent location: less than half a mile to I‑295 and across the street from a park.
    • Versatile zoning: acceptable uses include medical/professional office, day care, and storage.
    • Ample parking: front and back parking lots.
    • Vacant and ready for immediate occupancy.
    • Lease or purchase options available.
    • Central air conditioning.

    Overview

    Located less than half a mile from I-295 and near a dense residential area, this property is situated across the street from a park. The property is vacant and ready for occupancy. According to the Hamilton zoning office, acceptable uses include medical and/or professional offices, day care facilities, and storage. The property features parking in both the front and back lots. One space is currently leased, with additional space available for lease or purchase. The lot size is 1.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7162018
    Latitude
    40.2024612

    Nearby Similar for Sale

    • $1,100,000
      4,552 SF

      Industrial-Modern Building with Racing Track

      Striking building with high-end finishes, suitable for retail or office.
      2595 YARDVILLE HAMILTON SQUARE ROAD, HAMILTON, NJ 08690
      View Details
    • $799,990

      Renovated Office Suite For Sale

      Move-in ready, renovated office suite in Hamilton, New Jersey.
      2275 HIGHWAY 33, HAMILTON, NJ 08690
      View Details
    • $625,000
      2,201 SF

      Two Houses on Double Lot

      Two single-family houses on a double lot in Hamilton, NJ.
      46-50 MORGAN Avenue, HAMILTON, NJ 08619
      View Details
    • $499,999
      1,764 SF

      Turnkey Two-Family Home, Hamilton, NJ

      Updated two-family home with rental income potential in Hamilton.
      125 WHITE HORSE, HAMILTON, NJ 08610
      View Details
    • $250,000

      High-Visibility Office Building in Hamilton

      Office building with natural light, near Hamilton Train Station.
      2540 NOTTINGHAM Way, HAMILTON, NJ 08619
      View Details
    • $625,000

      Two Houses on Double Lot

      Two single-family houses on a double lot in Hamilton, NJ.
      46-50 Morgan Avenue, Hamilton, NJ 08619
      View Details
    • $1,499,000
      2,646 SF

      Established Tavern with Renovated Apartment

      Bar, restaurant, building, and liquor license included in sale.
      1600 HAMILTON AVENUE, HAMILTON, NJ 08629
      View Details
    • $250,000

      Profitable Gas Station For Sale

      Well-maintained gas station with multiple revenue streams in Hamilton Township.
      2582 Whitehorse Mercerville Road, Hamilton, NJ 08619
      View Details
    • $240,000

      Turnkey Office Condo For Sale

      1,300+ sq. ft. office condo ideal for medical/professional use.
      445 WHITE HORSE Avenue, HAMILTON, NJ 08610
      View Details
    • $750,000

      Turnkey Restaurant Near Municipal Building

      Restaurant for sale near Hamilton Township Municipal Building and Kuser Park.
      1701 Hamilton Ave, HAMILTON, NJ 08619
      View Details
    • $230,000

      Professional Condo Near RWJ Hamilton

      Versatile condo ideal for medical or professional uses.
      2081 KLOCKNER Road, HAMILTON, NJ 08690
      View Details
    • $1,000,000
      4,428 SF

      Medical Office Condo For Sale

      Medical office condo with waiting and exam rooms available for sale.
      2103 Klockner Rd, HAMILTON, NJ 08690
      View Details

    FAQs

    What type of property is this?
    Office building - Commercial property suitable for medical, professional office, day care, or storage.
    Where is this office building located?
    The property is located at 10-16 REEVES Avenue Hamilton, NJ.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Excellent location: less than half a mile to I‑295 and across the street from a park.; Versatile zoning: acceptable uses include medical/professional office, day care, and storage.; Ample parking: front and back parking lots.
    (908) 418-3517
    We can help!
    Listing Contact
    Seth Davidson
    Real Estate License ID: 1755116
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10-16 REEVES Avenue, HAMILTON, NJ 08610
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!