Building Details

Building Size 27,773 SF

Listing Agency: Fennelly Associates Show Phone

Listed By: Gerard J. Fennelly Show Phone

Source: Moodyscre

Added: Mar 27, 2025 Changed: Sep 5 Last Checked: Oct 5 at 8:14PM

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Investment Insights

Based on property information with market context.

This office suite offers direct access to and from the parking lot through a dedicated suite entrance. The building complex totals 27,773 SF and includes operable windows. The space is supported by separate mechanical systems, providing independent comfort and control.

The property is zoned ROM4 and includes 110 parking spaces. It is located in the heart of Princeton Junction in Mercer County, within walking distance to restaurants. The site is also positioned for convenient regional access, with proximity to Routes 1 and 130 and roughly 15 minutes to Princeton.

For office tenants seeking a suite with parking-lot convenience and independent mechanical systems, this configuration within a larger office building may be well suited.

Key Highlights

• Suite entrance provides direct access to and from the parking lot
• Building complex totals 27,773 SF
• Operable windows plus separate mechanical systems

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$249,121

Cap Rate

5.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,982,420 $5.0M

Cap Rate 7%

$3,558,871 $3.6M

Cap Rate 9%

$2,768,011 $2.8M

Market Conditions

NOI Build-Up for 27,769 SF

Gross rent

$373.2K $13.44/SF

− Vacancy

−$41.1K −$1.48/SF

EGI

$332.2K $11.96/SF

− OpEx

−$83.0K −$2.99/SF

NOI

$249.1K $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%

$4,982,420

Cap Rate 7%

$3,558,871

Cap Rate 9%

$2,768,011

Alternative Uses

Best Use

Office B

$3.56M

$3.11M – $4.15M (±1% cap)

NOI $249,121 @ 7.0% cap · market cap 5.73%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$8.93M

$7.82M – $10.42M (±1% cap)

NOI $625,402 @ 7.0% cap · market cap 14.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Mcbride Greg Lcadc ... Social Service Agency Enerex | Retail Energy's ... (Bike/Boat/Book/etc) Store Gregory H. Moore, ... Physician Dr. Sheila Josephs Physician Garson Eliot E ... Physician

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store Bakery Garden Center Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

323

Businesses Nearby

Explore this area Business Placement

Demographics for 08550, NJ

21,034

Population

7,839

Households

2.7

Avg Household Size

43

Median Age

84%

College-Educated

99%

High-School Grad

19.1 sq mi

ZIP Area

1,101

Density / Sq Mi

$206,658

Median Household Income

$121,740

Median Earnings

$2,694

Median Rent

$758,900

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office units - Office suite with direct parking lot entry, operable windows, and ROM4 zoning within a multi-suite building.

Where is this office units located?

The property is located at 231 Clarksville Rd West Windsor Township, NJ.

What is the asking price?

The asking price for this property is $4,350,000.

What are key features of this property?

This property features: Suite entrance provides direct access to and from the parking lot; Building complex totals 27,773 SF; Operable windows plus separate mechanical systems