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 Market74
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: Sep 11
Last Checked: Sep 12 at 7:07AM
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
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 = 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
$34,368
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
5.05%
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%
$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
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
$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 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%
$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.
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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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
