Freestanding Building on Route
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600 Lawrence Rd, Lawrence Township, NJ 08648
Freestanding office building with frontage on Route 206.
Property Size3,352 SF
Price / SF$147.67
Days on Market612
Property Features for 600 Lawrence Rd
General Information
Standard status
Active
Size
3,352 SF
Property subtype
Office
Zoning
R-4
Building Details
Year Built
1953
Year Renovated
2001
Buildings
1
Stories
1
Listing Agency:
KW Commercial/ Richardson Commercial Group
Listed By:
Steven Marusky, CCIM, GRI · License #NJ 7855828
(609) 586-1000
Source:
Crexi
Added: Feb 11, 2025
Changed: Oct 10
Last Checked: Oct 16 at 8:09AM
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 KW Commercial/ Richardson Commercial Group
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Investment Insights
Based on property information with market context.
This is a freestanding one and partial two-story building with approximately 2,600 square feet on the first floor and approximately 752 square feet on the second floor. The building has approximately 200 feet of frontage on Route 206 in Lawrence Township. The second floor is accessible from the first floor and also has a separate entrance, allowing it to be utilized as part of the office or rented out separately.
Key Highlights
- High visibility with 200± feet of frontage on Route 206.
- Free‑standing building** offering independence and control.
- Total of 3,352+/- square feet of usable space (2,600+/- sq ft on the first floor and 752+/- sq ft on the second floor).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,071
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,420
$601.4K
Cap Rate 7%
$429,586
$429.6K
Cap Rate 9%
$334,122
$334.1K
Market Conditions
NOI Build-Up for 3,352 SF
Gross rent
$45.1K $13.44/SF
− Vacancy
−$5.0K −$1.48/SF
EGI
$40.1K $11.96/SF
− OpEx
−$10.0K −$2.99/SF
NOI
$30.1K $8.97/SF
Area
Mercer County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,420
Cap Rate 7%
$429,586
Cap Rate 9%
$334,122
Alternative Uses
Best Use
Office B
$429.6K
$375.9K – $501.2K
NOI $30,071 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.08M
$943.7K – $1.26M
NOI $75,492 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 08648, NJ
31,955
Population
12,217
Households
2.6
Avg Household Size
40
Median Age
60%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
1,913
Density / Sq Mi
$118,036
Median Household Income
$54,833
Median Earnings
$1,953
Median Rent
$395,400
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
Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building with frontage on Route 206.
Where is this office building located?
The property is located at 600 Lawrence Rd Lawrence Township, NJ.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: High visibility with **200± feet of frontage on Route 206.**; Free‑standing building** offering independence and control.; Total of 3,352+/- square feet of usable space (2,600+/- sq ft on the first floor and 752+/- sq ft on the second floor).
