Freestanding Building on Route
600 Lawrence Rd, Lawrence Township, NJ 08648
Freestanding office building with frontage on Route 206.
Type:Office
Property size:
3,352 SFPrice / SF:
$147/SF- Added:
- Feb 11, 2025
- Days on Market:
- 476
- Last Refresh:
- May 12 at 10:35 pm
Property Features for 600 Lawrence Rd
General Information
- Standard status
- Active
- Size
- 3,352 SF
- Property subtype
- Office
Building Details
- Year Built
- 1953
Listing agent Steven Marusky, CCIM, GRI License #NJ 7855828
Listing office KW Commercial/ Richardson Commercial Group
Listing date Feb 11, 2025
Source Crexi
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
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).
- Second floor with separate entrance allows for flexible use: office expansion or rental income.
- One and partial two‑story building design.
- Located in Lawrence Township.
Overview
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.1k | $13.44 |
| − Vacancy | −$5.0k | −$1.48 |
| EGI | $40.1k | $11.96 |
| − OpEx | −$10.0k | −$2.99 |
| NOI | $30.1k | $8.97 |
3,352 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Lawrence Township
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.7418831
- Latitude
- 40.2540865
Nearby Similar for Sale
FAQs
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).
