Updated Freestanding Office
For Sale
$550,000
1202 S Olden Avenue, Hamilton, NJ 08610
Commercial Sale, Hamilton, NJ
Property Size2,400 SF
Lot Size0.21 Acres
Price / SF$229.17
Days on Market93
Property Features for 1202 S Olden Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street, Parking Lot
Directions
Use GPS
Standard status
Active
APN
03-02126-0000-00005
Size
2,400 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7872
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
recessed LED lighting
updated flooring
kitchenette
abundant natural light
Building Details
Year built
1945
Floors in Building
1
Listing Agency:
Realty One Group Central
Listed By:
Swagata Chowdhury · License #44286
(732) 348-3777
Added: Jul 7
Changed: Oct 2
Last Checked: Oct 7 at 11:06AM
MLS# 22620585
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office property at 1202 S Olden Avenue provides 2,400+/- square feet of updated commercial space. The interior includes seven offices, open work areas, two bathrooms, a kitchenette, recessed LED lighting, refreshed flooring, and abundant natural light. Forced-air heating and public water and sewer serve the building, which was constructed in 1945.
The property includes both a parking lot and off-street parking, with street frontage along S Olden Avenue. Access to Routes 206 and 130, as well as I-195 and I-295, supports regional connectivity. The layout is identified for professional office, medical, retail, or service applications, subject to township approvals.
The property includes both a parking lot and off-street parking, with street frontage along S Olden Avenue. Access to Routes 206 and 130, as well as I-195 and I-295, supports regional connectivity. The layout is identified for professional office, medical, retail, or service applications, subject to township approvals.
Key Highlights
- 2,400+/- SF freestanding office building
- Seven offices plus open work areas
- Two bathrooms and a kitchenette
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 units - Seven offices, open work areas, two bathrooms, a kitchenette, and on-site parking support flexible professional operations.
Where is this office units located?
The property is located at 1202 S 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 office building; Seven offices plus open work areas; Two bathrooms and a kitchenette
