Move-In Ready Freestanding
1202 S Olden Ave Hamilton, NJ 08610
For Sale
$550,000
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 Market16
Property Features for 1202 S Olden Ave
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1945
Listing Agency:
Realty One Group Central
(732) 348-3777
Listed By:
Rahmeet Talwar
(732) 348-3777
Source:
Elliman
Added: Jul 9
Changed: Jul 10
Last Checked: Jul 23 at 9:25AM
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 For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.8k | $29.52 |
| − Vacancy | −$15.3k | −$6.38 |
| EGI | $55.5k | $23.14 |
| − OpEx | −$22.2k | −$9.26 |
| NOI | $33.3k | $13.89 |
2,400 SF · lease $29.52/SF/yr · vacancy 21.60% · expense 40.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
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
