Freestanding Office
For Sale
$550,000
1202 Olden Avenue, Hamilton, NJ 08610
Recently updated commercial space with multiple offices, open work areas, and on-site parking.
Property Size2,400 SF
Price / SF$229.17
Days on Market68
Property Features for 1202 Olden Avenue
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Building Details
Year Built
1945
Listing Agency:
Realty One Group Central
Listed By:
Rahmeet Talwar · License #32614
(732) 348-3777
Source:
Flagshippropertiesgroup
Added: Aug 9
Changed: Oct 6
Last Checked: Oct 12 at 5:01PM
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 Realty One Group Central
Investment Insights
Based on property information with market context.
This 2,400 SF freestanding office building at 1202 Olden Avenue includes seven offices, open work areas, two bathrooms, a kitchenette, recessed LED lighting, updated flooring, and abundant natural light. The property was built in 1945 and has been recently updated with modern finishes. Its flexible interior may accommodate professional office, medical, retail, or service uses, subject to township approvals.
On-site parking and street frontage support convenient access for occupants and visitors. The property is positioned near Routes 206 and 130, with connections to I-195 and I-295. The 100 x 95 site provides a dedicated commercial setting in Hamilton, New Jersey.
On-site parking and street frontage support convenient access for occupants and visitors. The property is positioned near Routes 206 and 130, with connections to I-195 and I-295. The 100 x 95 site provides a dedicated commercial setting in Hamilton, New Jersey.
Key Highlights
- 2,400 SF freestanding commercial building
- Seven offices, open work areas, and two bathrooms
- Recently updated with modern finishes and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,531
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,620
$430.6K
Cap Rate 7%
$307,586
$307.6K
Cap Rate 9%
$239,233
$239.2K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$32.3K $13.44/SF
− Vacancy
−$3.5K −$1.48/SF
EGI
$28.7K $11.96/SF
− OpEx
−$7.2K −$2.99/SF
NOI
$21.5K $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%
$430,620
Cap Rate 7%
$307,586
Cap Rate 9%
$239,233
Alternative Uses
Best Use
Office B
$307.6K
$269.1K – $358.9K
NOI $21,531 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$772.2K
$675.7K – $900.9K
NOI $54,052 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 08610, NJ
32,649
Population
12,363
Households
2.6
Avg Household Size
38
Median Age
25%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
4,412
Density / Sq Mi
$87,159
Median Household Income
$43,990
Median Earnings
$1,491
Median Rent
$248,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Recently updated commercial space with multiple offices, open work areas, and on-site parking.
Where is this office building located?
The property is located at 1202 Olden Avenue Hamilton, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,400 SF freestanding commercial building; Seven offices, open work areas, and two bathrooms; Recently updated with modern finishes and flooring
