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 Market49
Property Features for 1202 S Olden Ave
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Office Units
7
Taxes and HOA fees
Annual Taxes
$7,872
Building Details
Building Size
2,400 SF
Year Built
1945
Stories
1
Listing Agency:
Realty One Group Central
(732) 348-3777
Listed By:
Rahmeet Talwar
(732) 348-3777
Source:
Elliman
Added: Jul 9
Changed: Aug 12
Last Checked: Aug 26 at 9:32AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,327
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
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 - 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
