Two-Unit Office
123 Franklin Corner Road Units 210 & 211, Lawrenceville, NJ 08648
For Sale
Contact for pricing
Office units 210 and 211 are offered together within an O Office-zoned property.
Property Size2,105 SF
Price / SF$185.27
Days on Market104
Property Features for 123 Franklin Corner Road Units 210 & 211
General Information
Standard status
Size
Class
Property subtype
Zoning
Lease Type
Building Details
Stories
Tenancy
Listing Agency:
Fennelly Associates, Inc
Listed By:
Jerry Fennelly · License #NJ 8131550
Source:
Crexi
Added: Jul 29
Changed: Nov 6
Last Checked: Nov 8 at 9:15AM
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 Fennelly Associates, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering comprises office units 210 and 211 at 123 Franklin Corner Road. The combined property size is 2,105, with the units presented together as an office asset. O Office zoning supports the property’s designated office classification.
The property is located in Lawrenceville, New Jersey 08648, on Franklin Corner Road.
The property is located in Lawrenceville, New Jersey 08648, on Franklin Corner Road.
Key Highlights
- Units 210 and 211 offered together
- 2,105 property size
- O Office zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,884
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,680
$377.7K
Cap Rate 7%
$269,771
$269.8K
Cap Rate 9%
$209,822
$209.8K
Market Conditions
NOI Build-Up for 2,105 SF
Gross rent
$28.3K $13.44/SF
− Vacancy
−$3.1K −$1.48/SF
EGI
$25.2K $11.96/SF
− OpEx
−$6.3K −$2.99/SF
NOI
$18.9K $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%
$377,680
Cap Rate 7%
$269,771
Cap Rate 9%
$209,822
Alternative Uses
Best Use
Office B
$269.8K
$236.1K – $314.7K
NOI $18,884 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$677.3K
$592.6K – $790.1K
NOI $47,408 @ 7.0% cap · market cap 12.16%
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
1,081
Businesses Nearby
Explore this area
Business Placement
Demographics for 08648, NJ
31,955
Population
12,217
Households
2.6
Avg Household Size
40
Median Age
60%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
1,913
Density / Sq Mi
$118,036
Median Household Income
$54,833
Median Earnings
$1,953
Median Rent
$395,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Mercer County, NJ
Properties on Market for Office Units in Mercer County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office units 210 and 211 are offered together within an O Office-zoned property.
Where is this office unit located?
The property is located at 123 Franklin Corner Road Units 210 & 211 Lawrenceville, NJ.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Units 210 and 211 offered together; 2,105 property size; O Office zoning
