Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    457 N Harrison St Princeton, NJ 08540

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    14,600 SF plug & play office space for lease.

    Property size:
    20,000 SF
    Lot size:
    5.02 Acres

    Property Features for 457 N Harrison St

    General Information

    Size
    20,000 SF
    Lot size
    5.02 Acres

    We can help!

    Listing Contact
    Thomas Romano
    Thomas Romano
    Source: Moodyscre

    Listing Agency: JLL | Princeton Listing Agent: Thomas Romano

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Furnished Office Space in Princeton

    Available for lease is office space within the Princeton Executive Center, located at 457 N Harrison St, Princeton, New Jersey. The available space is 14,600 square feet and is fully furnished and ready for immediate occupancy. The property benefits from financially secure ownership and on-site property management. Food service is available. The location offers a Princeton address and ample free parking. It is situated approximately 0.25 miles from the Princeton shopping center and 1.5 miles from Nassau Street. Route 1 is located 4.5 miles away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NIKSUN IT Consulting Firm Rubinstein Robert W Law Firm Azer Howard & Co ... Accounting Firm Environmental Factors Environmental Consultant Sutton Management Corporation Business Management Consultant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.6555769
    Latitude
    40.3677684

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Forrestal Village

      Discover many ways to work your way in Yardley
      116 Village Blvd, Princeton, NJ 08540
      View Details
    • Contact for pricing
      121,990 SF

      Class A Office Building

      Class A office building in Princeton, NJ, Route 1 corridor.
      504 Carnegie Center Dr, Princeton, NJ 08540
      View Details
    • $1,200 /Mo

      Princeton Office Suites For Lease

      Professionally designed office suites in a serene, wooded Princeton setting.
      166 Bunn Dr, Princeton, NJ 08540
      View Details
    • Contact for pricing
      40,000 SF

      Route 1 Corridor Office Space

      Office space available on Route 1 Corridor.
      5 Independence Way, Princeton, NJ 08540
      View Details
    • Contact for pricing
      18,850 SF

      Princeton Office Space For Rent

      Available office space in Princeton, New Jersey.
      1 Independence Way, Princeton, NJ 08540
      View Details
    • Contact for pricing
      45,000 SF

      Princeton Office Building For Lease

      Class B office building in amenity-rich Princeton near Route 1.
      2-4 Research Way, Princeton, NJ 08540
      View Details
    • Contact for pricing
      154,101 SF

      Princeton Office Space For Rent

      Office building with 154,101 square feet available for lease.
      100 College Rd West, Princeton, NJ 08540
      View Details
    • Contact for pricing
      27,648 SF

      Princeton Office Building For Lease

      Class B office building in amenity-rich Princeton, near Route 1.
      107 College Rd E, Princeton, NJ 08540
      View Details
    • Contact for pricing
      4,000 SF

      Princeton Retail Space For Rent

      1,130,909 SF retail property in Princeton, New Jersey.
      601-651 Nassau Park Blvd, Princeton, NJ 08540
      View Details
    • Contact for pricing
      16,572 SF

      Princeton Forrestal Center Office Space

      Office space available within Princeton Forrestal Center.
      307 College Rd E, Princeton, NJ 08540
      View Details
    • Contact for pricing
      6,350 SF

      Princeton Office Space for Rent

      Office space available in Princeton's Carnegie Center.
      502 Carnegie Center Dr, Princeton, NJ
      View Details

    FAQs

    What type of property is this?
    Office units - 14,600 SF plug & play office space for lease.
    Where is this office units located?
    The property is located at 457 N Harrison St Princeton, NJ.
    What are key features of this property?
    This property features: - Downtown Princeton location with ample free parking; - Plug & play, **fully furnished office space (14,600 sf)**; - Princeton address
    (609) 658-1589 Call to check price and availability
    Request Owner's contact information
    457 N Harrison St Princeton, NJ 08540
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    457 N Harrison St
    Princeton, NJ 08540
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    457 N Harrison St Princeton, NJ 08540
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas Romano
    Thomas Romano
    Real Estate License ID: 9695479
    (609) 658-1589 (609) 757-5555 (609) 423-2490
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!