Building Details

Year Built 1985

Construction brick

Listing Agency: Coldwell Banker Residential Brokerage-Princeton Jct g***@gmail.com Show Phone

Listed By: Gilbert Cheeseman Show Phone

Source: Xome

Added: Aug 23 Changed: Aug 29 Last Checked: Aug 29 at 10:16PM

Report an Issue

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 Coldwell Banker Residential Brokerage-Princeton Jct

Investment Insights

Based on property information with market context.

This office unit is located within a business park at 1450 Parkside Avenue in Ewing Township, New Jersey. The building was constructed in 1985 with brick materials, providing a durable exterior for office use.

Interior climate control is provided by central air. The property includes on-site lot parking with lighting and handicap-designated spaces, supporting convenient access for occupants and visitors. The business park setting and office-oriented configuration provide a straightforward commercial environment for business operations.

Key Highlights

• Office unit in a business park setting
• Constructed in 1985 with brick materials
• Central air conditioning

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

$9,671

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

3.52%

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%

$193,420 $193.4K

Cap Rate 7%

$138,157 $138.2K

Cap Rate 9%

$107,456 $107.5K

Market Conditions

NOI Build-Up for 1,078 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

$14.5K $13.44/SF

− Vacancy

−$1.6K −$1.48/SF

EGI

$12.9K $11.96/SF

− OpEx

−$3.2K −$2.99/SF

NOI

$9.7K $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 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%

$193,420

Cap Rate 7%

$138,157

Cap Rate 9%

$107,456

Alternative Uses

Best Use

Office B

$138.2K

$120.9K – $161.2K (±1% cap)

NOI $9,671 @ 7.0% cap · market cap 3.52%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$346.8K

$303.5K – $404.6K (±1% cap)

NOI $24,278 @ 7.0% cap · market cap 8.83%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

XpressMaids House Cleaning ... (Bike/Boat/Book/etc) Store Manish Kumar Gugnani Physician Choong Min Lee Dental Office Dr. Keith Blicht Physician O'Mara James M ... Physician

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Dental Office (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

687

Businesses Nearby

Explore this area Business Placement

Demographics for 08638, NJ

23,548

Population

10,148

Households

2.3

Avg Household Size

38

Median Age

31%

College-Educated

89%

High-School Grad

5.4 sq mi

ZIP Area

4,361

Density / Sq Mi

$65,650

Median Household Income

$40,374

Median Earnings

$1,499

Median Rent

$226,700

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Office units - Brick-construction office space with central air and on-site parking in a business park setting.

Where is this office units located?

The property is located at 1450 PARKSIDE AVENUE Ewing Twp, NJ.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Office unit in a business park setting; Constructed in 1985 with brick materials; Central air conditioning