Office Unit with Central
For Sale
$290,000
2333 Whitehorse Mercerville Road, Hamilton, NJ 08619
COMMERCIAL - Hamilton, NJ
Property Size1,015 SF
Price / SF$285.71
Days on Market56
Property Features for 2333 Whitehorse Mercerville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Parking
90
Parking features
Parking Lot, Open
Interior features
Carpeting, Lighting Fixtures
Lot features
Near Shopping, Business Park, Commercial Area
Directions
Rt. 33 East to Left onto Whitehorse Mercerville Rd. Office complex is on left. Unit# E
Standard status
Active
APN
03018190000000016
Size
1,015 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6262
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1977
Floors in Building
1
Flooring type
Laminate, Carpet, Tile, Lighting fixtures
Building materials
Block, Brick, Vinyl Siding, Wood Siding
Roof type
Composition
Listing Agency:
DDS REAL ESTATE
(732) 421-2550
Listed By:
Kaushik Patel
(718) 857-8259
Added: Jun 28
Changed: Aug 4
Last Checked: Aug 22 at 12:06PM
MLS# 2618380R
Copyright © 2026 All Jersey 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.
Office unit in Mercer Professional Park, built in 1977, offered as a commercial space with central air conditioning. The interior includes carpeting and lighting fixtures, with flooring noted as laminate, carpet, tile, and lighting fixtures. Heating is listed as forced air and hot water. Construction materials include block, brick, vinyl siding, and wood siding.
The office provides a defined room layout including a front office (18X11), main office (20X20), back office (10X8), and a kitchen (8X8), along with a bathroom. Parking is provided via a parking lot/open arrangement, with 90+ surface parking spaces described for the property. Public water and public sewer are listed. The property is in a professional park setting in Hamilton, NJ, and the current tenant has occupied the property for 20+ years, with availability noted for 1st Jul 2026. Tenant pays utilities, and the condo association is described as paying exterior maintenance, including exterior siding and roof repair/replacement.
The office provides a defined room layout including a front office (18X11), main office (20X20), back office (10X8), and a kitchen (8X8), along with a bathroom. Parking is provided via a parking lot/open arrangement, with 90+ surface parking spaces described for the property. Public water and public sewer are listed. The property is in a professional park setting in Hamilton, NJ, and the current tenant has occupied the property for 20+ years, with availability noted for 1st Jul 2026. Tenant pays utilities, and the condo association is described as paying exterior maintenance, including exterior siding and roof repair/replacement.
Key Highlights
- Commercially zoned office unit in Mercer Professional Park
- Central air conditioning with forced air and hot water heating
- 90+ surface parking spaces with open parking lot layout
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
$14,095
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
4.86%
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%
$281,900
$281.9K
Cap Rate 7%
$201,357
$201.4K
Cap Rate 9%
$156,611
$156.6K
Market Conditions
NOI Build-Up for 1,015 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
$30.0K $29.52/SF
− Vacancy
−$6.5K −$6.38/SF
EGI
$23.5K $23.14/SF
− OpEx
−$9.4K −$9.26/SF
NOI
$14.1K $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%
$281,900
Cap Rate 7%
$201,357
Cap Rate 9%
$156,611
Alternative Uses
Best Use
Healthcare Medical
$201.4K
$176.2K – $234.9K
NOI $14,095 @ 7.0% cap · market cap 4.86%
Second Best
Office B
$130.1K
$113.8K – $151.8K
NOI $9,106 @ 7.0% cap · market cap 3.14%
Theoretical Best
Warehouse
$326.6K
$285.7K – $381.0K
NOI $22,859 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 08619, NJ
23,301
Population
9,761
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
2,330
Density / Sq Mi
$104,922
Median Household Income
$56,772
Median Earnings
$1,712
Median Rent
$320,800
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 units - Commercially zoned office unit with central air, built in 1977, with public water and public sewer.
Where is this office units located?
The property is located at 2333 Whitehorse Mercerville Road Hamilton, NJ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Commercially zoned office unit in Mercer Professional Park; Central air conditioning with forced air and hot water heating; 90+ surface parking spaces with open parking lot layout
