Listing Agency: Richardson Commercial Realtors Show Phone

Listed By: Steven Marusky · License #7855828

Source: Moodyscre

Added: Apr 29, 2025 Changed: Nov 4 Last Checked: Nov 4 at 3:55PM

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Investment Insights

Based on property information with market context.

This commercial property in Lawrence Township, New Jersey, offers 3,352 square feet of office space. The property is suitable for office use.

Key Highlights

• Office space available
• Located in Lawrence Township, New Jersey

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

NOI $75,492 @ 7.0% cap · market cap 15.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Storage Facility Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

432

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Office space available in Lawrence Township, New Jersey.

Where is this office unit 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: Office space available; Located in Lawrence Township, New Jersey