Office and Medical
For Sale
Contact for pricing
1 Washington Blvd, Robbinsville, NJ 08691
Office and medical building with lake views, ample reserved parking, and TC zoning near major Route access.
Property Size2,475 SF
Price / SF$275
Days on Market120
Property Features for 1 Washington Blvd
General Information
Standard status
Active
Size
2,475 SF
Property subtype
OFFICE
Zoning
TC
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
lake views
reserved parking
walking distance to Washington Town Center
Listing Agency:
Fennelly Associates
(609) 520-0061
Listed By:
Gerard J. Fennelly
(609) 306-3158
Source:
Moodyscre
Added: Jul 1
Changed: Oct 26
Last Checked: Oct 26 at 7:17PM
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 Fennelly Associates
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Investment Insights
Based on property information with market context.
This is an office and medical building offering approximately 40,000 square feet, with lake views. The property is set up with ample parking, including reserved parking spaces.
Located on Route 33 in Mercer County, the building is within walking distance to Washington Town Center. Access is also described as convenient to Route 130, I-95, and New Jersey Turnpike exits 7A and 8.
Zoning is listed as TC, supporting a range of office and medical uses in line with local requirements.
Located on Route 33 in Mercer County, the building is within walking distance to Washington Town Center. Access is also described as convenient to Route 130, I-95, and New Jersey Turnpike exits 7A and 8.
Zoning is listed as TC, supporting a range of office and medical uses in line with local requirements.
Key Highlights
- Ideal office/medical building with 40,000 SF
- Lake views
- Ample parking with reserved parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,368
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,360
$687.4K
Cap Rate 7%
$490,971
$491.0K
Cap Rate 9%
$381,867
$381.9K
Market Conditions
NOI Build-Up for 2,475 SF
Gross rent
$73.1K $29.52/SF
− Vacancy
−$15.8K −$6.38/SF
EGI
$57.3K $23.14/SF
− OpEx
−$22.9K −$9.26/SF
NOI
$34.4K $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%
$687,360
Cap Rate 7%
$490,971
Cap Rate 9%
$381,867
Alternative Uses
Best Use
Healthcare Medical
$491.0K
$429.6K – $572.8K
NOI $34,368 @ 7.0% cap · market cap 5.05%
Second Best
Office B
$317.2K
$277.6K – $370.1K
NOI $22,204 @ 7.0% cap · market cap 3.26%
Theoretical Best
Warehouse
$796.3K
$696.8K – $929.0K
NOI $55,741 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office and medical building with lake views, ample reserved parking, and TC zoning near major Route access.
Where is this office building located?
The property is located at 1 Washington Blvd Robbinsville, NJ.
What is the asking price?
The asking price for this property is $680,625.
What are key features of this property?
This property features: Ideal office/medical building with 40,000 SF; Lake views; Ample parking with reserved parking spaces
