Medical Office Space
For Sale
$995,000
1 Washington Blvd #3 & 4, Trenton, NJ 08691
Office space approved for medical use in Robbinsville Twp.
Property Size3,990 SF
Price / SF$249.37
Days on Market1113
Property Features for 1 Washington Blvd #3 & 4
General Information
Standard status
Active
Size
3,990 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,122
Building Details
Year Built
2014
Listing Agency:
JOSEPH R RIDOLFI & ASSOCIATES LLC
(609) 581-4848
Listed By:
JOSEPH R RIDOLFI · License #7819144
Source:
Corcoran
Added: Oct 4, 2023
Changed: Oct 11
Last Checked: Oct 19 at 6:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JOSEPH R RIDOLFI & ASSOCIATES LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office space, approved for medical use, is located in Robbinsville Township. The first-floor suite offers 3,990 square feet of space and includes a lobby with a reception desk, five private offices, a large conference room, a mailroom/IT closet, separate bathrooms, a large open area with cubicles, and a break area. The basement, accessible by elevator, provides an additional 623 square feet of storage and office space. The basement is sprinklered and has access to a shared conference/training room. The property is located close to Route 33, Route 130, I-195, the New Jersey Turnpike, I-295, and Route 1. A short-term leaseback is in place until the current owner/tenant can move, with a duration of approximately 6 to 12 months.
Key Highlights
- Approved for medical use office space.
- First floor suite offering 3990 SF.
- Convenient location near major highways: Rt 33, Rt 130, I‑195, NJ Turnpike, I‑295, Rt 1.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,406
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,120
$1.1M
Cap Rate 7%
$791,514
$791.5K
Cap Rate 9%
$615,622
$615.6K
Market Conditions
NOI Build-Up for 3,990 SF
Gross rent
$117.8K $29.52/SF
− Vacancy
−$25.4K −$6.38/SF
EGI
$92.3K $23.14/SF
− OpEx
−$36.9K −$9.26/SF
NOI
$55.4K $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 Rate 5%
$1,108,120
Cap Rate 7%
$791,514
Cap Rate 9%
$615,622
Alternative Uses
Best Use
Healthcare Medical
$791.5K
$692.6K – $923.4K
NOI $55,406 @ 7.0% cap · market cap 5.57%
Second Best
Office B
$511.4K
$447.4K – $596.6K
NOI $35,795 @ 7.0% cap · market cap 3.60%
Theoretical Best
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,861 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08691, NJ
16,866
Population
7,322
Households
2.3
Avg Household Size
43
Median Age
63%
College-Educated
97%
High-School Grad
24.2 sq mi
ZIP Area
697
Density / Sq Mi
$129,900
Median Household Income
$85,331
Median Earnings
$1,845
Median Rent
$523,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office space approved for medical use in Robbinsville Twp.
Where is this medical office space located?
The property is located at 1 Washington Blvd #3 & 4 Trenton, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Approved for medical use office space.; First floor suite offering 3990 SF.; Convenient location near major highways: Rt 33, Rt 130, I‑195, NJ Turnpike, I‑295, Rt 1.
