Move-In Ready Freestanding
For Sale
$550,000
1202 S Olden Ave, Hamilton, NJ 08610
Freestanding building with seven offices, open work areas, two baths, and a kitchenette on-site parking.
Property Size2,400 SF
Price / SF$229.17
Days on Market97
Property Features for 1202 S Olden Ave
General Information
Standard status
Active
Size
2,400 SF
Additional Details
Highway Access
Yes
Office Units
7
Building Details
Year Built
1945
Listing Agency:
Realty One Group Central
Listed By:
Swagata Chowdhury · License #44286
(732) 348-3777
Source:
Soldbypattie
Added: Jul 9
Changed: Sep 13
Last Checked: Oct 7 at 5:38PM
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.
Move-in ready freestanding commercial building offering approximately 2,400± SF of flexible interior space. The layout includes seven offices, open work areas, two bathrooms, a kitchenette, recessed LED lighting, updated flooring, and abundant natural light.
The property is positioned on a highly visible street in Hamilton and provides excellent street frontage with on-site parking. Convenient access is available to Routes 206, 130, I-195, and I-295, supporting a wide range of professional and customer-facing uses, subject to township approvals.
Suitable for an owner-user or investor, the building’s mix of private offices and open areas provides a practical configuration for day-to-day operations across office, medical, retail, or service applications, pending approvals.
The property is positioned on a highly visible street in Hamilton and provides excellent street frontage with on-site parking. Convenient access is available to Routes 206, 130, I-195, and I-295, supporting a wide range of professional and customer-facing uses, subject to township approvals.
Suitable for an owner-user or investor, the building’s mix of private offices and open areas provides a practical configuration for day-to-day operations across office, medical, retail, or service applications, pending approvals.
Key Highlights
- Move‑in ready freestanding commercial building (approx. 2,400 SF) built in 1945
- Interior layout includes seven (7) offices plus open work areas for flexible commercial use
- Two (2) bathrooms, recessed LED lighting, updated flooring, and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,327
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,540
$666.5K
Cap Rate 7%
$476,100
$476.1K
Cap Rate 9%
$370,300
$370.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$70.8K $29.52/SF
− Vacancy
−$15.3K −$6.38/SF
EGI
$55.5K $23.14/SF
− OpEx
−$22.2K −$9.26/SF
NOI
$33.3K $13.89/SF
Area
Mercer County, NJ
Vacancy
21.60%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,540
Cap Rate 7%
$476,100
Cap Rate 9%
$370,300
Alternative Uses
Best Use
Healthcare Medical
$476.1K
$416.6K – $555.5K
NOI $33,327 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$307.6K
$269.1K – $358.9K
NOI $21,531 @ 7.0% cap · market cap 3.91%
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.
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Property Analytics
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Current Use
Lease Details
7
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
416
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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding building with seven offices, open work areas, two baths, and a kitchenette on-site parking.
Where is this office building located?
The property is located at 1202 S Olden Ave 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: Move‑in ready freestanding commercial building (approx. 2,400 SF) built in 1945; Interior layout includes seven (7) offices plus open work areas for flexible commercial use; Two (2) bathrooms, recessed LED lighting, updated flooring, and a kitchenette
