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    Mixed-Use Property in Hopewell Borough Title is generated by Realmo AI

    14 Seminary Ave, Hopewell, NJ 08525

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    For Sale
    $554,900

    Mixed-use property with commercial and residential spaces in prime location.

    Type:Commercial/Industrial
    Lot size:
    0.06 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 5 at 10:22 pm

    Property Features for 14 Seminary Ave

    General Information

    Standard status
    Active
    Lot size
    0.06 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    CYNTHIA FOWLKES

    Listing agent CYNTHIA FOWLKES License #121729

    Listing office RE/MAX INSTYLE

    Listing date Mar 24, 2026

    Source Exitrealty

    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 RE/MAX INSTYLE

    HighLights

    • Prime location in the heart of Hopewell Borough.
    • Mixed‑use property with both commercial and residential units.
    • Well‑maintained commercial unit with strong walk‑in traffic and ample parking.
    • Residential unit features a generous layout with two bedrooms, sunroom, and updated bathroom.
    • Private backyard and ample storage space including a walk‑up attic.
    • Excellent investment opportunity with strong rental potential for both units.

    Overview

    This mixed-use property is located in Hopewell Borough and offers an investment opportunity with both residential and commercial spaces. The commercial unit, identified as Unit 12, is currently owner-occupied as a barbershop. It features multiple sinks and chairs, a spacious waiting area, a separate boiler system, and ample storage. The commercial space benefits from walk-in traffic and on-street parking, making it suitable for continued commercial use. The residential unit, Unit 14, has a private entrance and a layout featuring a foyer leading to the second floor. The second floor includes a large living and dining room combination, two bedrooms, a galley-style kitchen, a sunroom suitable for a home office, and an updated full bathroom. A rear staircase leads to a private laundry room with additional storage, and a walk-up attic provides further storage space. The property is situated on a 35 x 76 ft. lot and includes a private backyard. The heating system is a radiator setup, and the boilers are approximately 15 years old. The property's mix of commercial and residential use presents an opportunity for investors and owner-occupiers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7601467
    Latitude
    40.3892001

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial and residential spaces in prime location.
    Where is this mixed-use property located?
    The property is located at 14 Seminary Ave Hopewell, NJ.
    What is the asking price?
    The asking price for this property is $554,900.
    What are key features of this property?
    This property features: Prime location in the heart of Hopewell Borough.; Mixed‑use property with both commercial and residential units.; Well‑maintained commercial unit with strong walk‑in traffic and ample parking.
    (609) 303-3456
    We can help!
    Listing Contact
    CYNTHIA FOWLKES
    Real Estate License ID: 121729
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    14 Seminary Ave, Hopewell Boro, NJ 08525
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