Freestanding Office Building with
For Sale
$550,000
1202 S Olden Avenue, Hamilton, NJ 08610
COMMERCIAL - Hamilton, NJ
Property Size2,400 SF
Lot Size0.21 Acres
Price / SF$229.17
Days on Market48
Property Features for 1202 S Olden Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, Off Street
Directions
Use GPS
Standard status
Active
APN
03-02126-0000-00005
Size
2,400 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7872
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
kitchenette
Building Details
Year built
1945
Floors in Building
1
Listing Agency:
Realty One Group Central
(732) 348-3777
Listed By:
Swagata Chowdhury
(732) 348-3777
Added: Jul 7
Changed: Aug 4
Last Checked: Aug 23 at 1:06PM
MLS# 22620585
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Move-in ready freestanding commercial office building offering 2,400+/- SF of flexible interior space. The layout includes seven (7) offices, open work areas, two (2) bathrooms, a kitchenette, and abundant natural light. Interior updates include modern finishes with recessed LED lighting and updated flooring. Heating is provided by forced air.
The property sits on a 0.21-acre lot with off-street parking in a parking lot setting. It benefits from excellent street frontage and convenient access to Routes 206, 130, I-195, and I-295. Public water and public sewer services are available.
Built in 1945, the building is positioned for professional office use, with the flexible configuration also suited to medical, retail, or service uses subject to township approvals.
The property sits on a 0.21-acre lot with off-street parking in a parking lot setting. It benefits from excellent street frontage and convenient access to Routes 206, 130, I-195, and I-295. Public water and public sewer services are available.
Built in 1945, the building is positioned for professional office use, with the flexible configuration also suited to medical, retail, or service uses subject to township approvals.
Key Highlights
- Move‑in ready freestanding commercial building with 2,400+/- SF interior space
- Seven (7) offices plus open work areas and a kitchenette
- Two (2) bathrooms and recessed LED lighting
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
$33,327
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
6.06%
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%
$666,540
$666.5K
Cap Rate 7%
$476,100
$476.1K
Cap Rate 9%
$370,300
$370.3K
Market Conditions
NOI Build-Up for 2,400 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
$70.8K $29.52/SF
− Vacancy
−$15.3K −$6.38/SF
EGI
$55.5K $23.14/SF
− OpEx
−$22.2K −$9.26/SF
NOI
$33.3K $13.89/SF
Area
Mercer County, NJ
Vacancy
21.60%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
40.00%
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%
$666,540
Cap Rate 7%
$476,100
Cap Rate 9%
$370,300
Alternative Uses
Best Use
Healthcare Medical
$476.1K
$416.6K – $555.5K
NOI $33,327 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$307.6K
$269.1K – $358.9K
NOI $21,531 @ 7.0% cap · market cap 3.91%
Theoretical Best
Warehouse
$772.2K
$675.7K – $900.9K
NOI $54,052 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 08610, NJ
32,649
Population
12,363
Households
2.6
Avg Household Size
38
Median Age
25%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
4,412
Density / Sq Mi
$87,159
Median Household Income
$43,990
Median Earnings
$1,491
Median Rent
$248,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Move-in ready office building with seven offices, open work areas, and off-street parking on a highly visible street in Hamilton.
Where is this office building located?
The property is located at 1202 S Olden Avenue Hamilton, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Move‑in ready freestanding commercial building with 2,400+/- SF interior space; Seven (7) offices plus open work areas and a kitchenette; Two (2) bathrooms and recessed LED lighting
