Professional Park Office Condo
For Sale
$290,000
2333 Whitehorse Mercerville Road Suite#e, Hamilton, NJ 08619
Office condo suite with multiple offices and a kitchen, with utilities paid by the current tenant and availability July 1, 2026.
Property Size1,015 SF
Price / SF$285.71
Days on Market26
Property Features for 2333 Whitehorse Mercerville Road Suite#e
General Information
Standard status
Active
Size
1,015 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1977
Construction
brick and frame
Tenancy
Multi
Listing Agency:
DDS Real Estate
(718) 857-8259
Listed By:
Kaushik G Patel
Source:
Kandorre
Added: Jul 27
Changed: Aug 19
Last Checked: Aug 21 at 9:45AM
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 DDS Real Estate
Investment Insights
Based on property information with market context.
Located in Mercer Professional Park in Hamilton Township, NJ, this office condo is a well-established suite offered for sale with a current tenant in place and availability on July 1, 2026. The space includes a front office (18x11), main office (20x20), back office (10x8), and a kitchen (8x8). The property is described as a brick and frame structure built in 1978.
The professional park setting is noted for easy access to major transportation centers. Amenities include 90+ surface parking spaces, with lighting referenced for parking convenience.
Condo fees are stated at $265 per month. The condo association is responsible for exterior maintenance, including exterior siding and roof repair or replacement. The current tenant has occupied the property for 20+ years and pays utilities.
The professional park setting is noted for easy access to major transportation centers. Amenities include 90+ surface parking spaces, with lighting referenced for parking convenience.
Condo fees are stated at $265 per month. The condo association is responsible for exterior maintenance, including exterior siding and roof repair or replacement. The current tenant has occupied the property for 20+ years and pays utilities.
Key Highlights
- Office condo suite in Mercer Professional Park with main office (20x20), front office (18x11), back office (10x8), and kitchen (8x8)
- Condo fee is $265/month; condo association covers exterior maintenance, including siding and roof repair/replacement
- Current tenant has occupied the property for 20+ years and pays utilities; available July 1, 2026
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
$14,095
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
4.86%
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%
$281,900
$281.9K
Cap Rate 7%
$201,357
$201.4K
Cap Rate 9%
$156,611
$156.6K
Market Conditions
NOI Build-Up for 1,015 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
$30.0K $29.52/SF
− Vacancy
−$6.5K −$6.38/SF
EGI
$23.5K $23.14/SF
− OpEx
−$9.4K −$9.26/SF
NOI
$14.1K $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%
$281,900
Cap Rate 7%
$201,357
Cap Rate 9%
$156,611
Alternative Uses
Best Use
Healthcare Medical
$201.4K
$176.2K – $234.9K
NOI $14,095 @ 7.0% cap · market cap 4.86%
Second Best
Office B
$130.1K
$113.8K – $151.8K
NOI $9,106 @ 7.0% cap · market cap 3.14%
Theoretical Best
Warehouse
$326.6K
$285.7K – $381.0K
NOI $22,859 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 08619, NJ
23,301
Population
9,761
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
2,330
Density / Sq Mi
$104,922
Median Household Income
$56,772
Median Earnings
$1,712
Median Rent
$320,800
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 units - Office condo suite with multiple offices and a kitchen, with utilities paid by the current tenant and availability July 1, 2026.
Where is this office units located?
The property is located at 2333 Whitehorse Mercerville Road Suite#e Hamilton, NJ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Office condo suite in Mercer Professional Park with main office (20x20), front office (18x11), back office (10x8), and kitchen (8x8); Condo fee is $265/month; condo association covers exterior maintenance, including siding and roof repair/replacement; Current tenant has occupied the property for 20+ years and pays utilities; available July 1, 2026
