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    3850 Rt-27 Princeton, NJ 08540

    View on Map
    Sponsored
    For Lease
    $4,000 /Mo

    CommercialLease - PRINCETON, NJ

    Type:Office
    Days on Market:
    31
    Last Refresh:
    Mar 9 at 5:06 pm

    Property Features for 3850 Rt-27

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    5
    Parking features
    Driveway, Garage

    Utilities

    Heating system
    Hot Water(Heating), Baseboard
    Cooling system
    Central Air

    Building Details

    Year built
    1969
    Building materials
    Frame

    We can help!

    Listing Contact
    Anna Shulkina

    RE/MAX of Princeton (609) 921-9202

    Listing agent Anna Shulkina (609) 216-7071 License #9799582

    Listing date Feb 6, 2026

    MLS# NJMX2011004

    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.

    Learn more

    Overview

    Princeton Mixed-Use Property for Rent

    This multi-level, mixed-use property is available for rent in a desirable Princeton location along Route 27, offering flexibility for residential and commercial use, ideal for live/work, professional, or residential needs. Located minutes from downtown Princeton, the property is near Princeton University, top-rated Princeton schools, shopping, dining, and cultural attractions. The main level features a kitchen with an island and breakfast area, flowing into the dining room and a living room. A large deck is suitable for outdoor dining or relaxation. The bedroom level offers three bedrooms. Two share a Jack-and-Jill bathroom, with one featuring a walk-in closet. The third bedroom provides flexibility for guest use, a private office space, or additional work-from-home functionality. The attached garage connects through a mudroom leading to a family room with two closets, suited for a conference area, lounge, creative space, or casual living. The unfinished basement includes the laundry area and storage. The top-level attic, filled with natural light from skylights, opens to a Juliet balcony, suitable for a studio, executive office, design suite, or quiet retreat. An oversized 2577 sq. ft. detached garage is available for rent separately, ideal for multiple vehicles, equipment storage, or specialized commercial use.
    Location Intelligence

    Current Use by Public Records

    Live-work space

    Map

    City
    Princeton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.5841
    Latitude
    40.40699

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    FAQs

    What type of property is this?
    Live-work space - Multi-level property suitable for residential and commercial use.
    Where is this live-work space located?
    The property is located at 3850 Rt-27 Princeton, NJ.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: - Rare mixed-use property suitable for residential and commercial purposes, ideal for live/work arrangements.; - Highly desirable Princeton location on Route 27, offering excellent visibility and accessibility.; - Minutes from downtown Princeton, Princeton University, top-rated schools, shopping, dining, and cultural attractions.
    (609) 903-0621
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    3850 Rt-27 Princeton, NJ 08540
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    Princeton, NJ 08540
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    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
    3850 Rt-27 Princeton, NJ 08540
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    We can help!
    Listing Contact
    Anna Shulkina
    Real Estate License ID: 9799582
    (609) 903-0621 (609) 799-3500 (609) 921-9202
    Learn more
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