Mixed-Use Building with Medical
1457 Nottingham Way, Hamilton Township, NJ 08609
For Sale
$800,000
The vacant commercial space includes existing medical infrastructure and may suit professional office or retail use, subject to approvals.
Property Size4,140 SF
Price / SF$193.24
Days on Market10
Property Features for 1457 Nottingham Way
General Information
Standard status
Size
Class
Property subtype
Zoning
Additional Details
Condition
Tenant in Place
Property Use
Building Details
Building Size
Buildings
Listing Agency:
Sitar Realty Company
Listed By:
Luan "Lun" Kichen
(908) 902-8788
Source:
Sitarcompany
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 8 at 2:48AM
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 Sitar Realty Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,140 SF mixed-use building combines approximately 2,000 SF of vacant second-generation medical and office space with approximately 2,140 SF of occupied residential space that was recently renovated. The commercial area has six rooms, including four with plumbing and sinks, along with a patient waiting room, electric fireplace, reception and administrative areas, two ADA-compliant restrooms, and an open laboratory or work area with a sink. A private gated lot provides dedicated on-site parking.
HC Highway Commercial zoning allows consideration of a range of commercial uses, subject to zoning requirements and municipal approvals. The existing layout may accommodate medical or professional office use, with potential for retail conversion.
HC Highway Commercial zoning allows consideration of a range of commercial uses, subject to zoning requirements and municipal approvals. The existing layout may accommodate medical or professional office use, with potential for retail conversion.
Key Highlights
- 4,140 SF building with approximately 2,000 SF of vacant commercial space and 2,140 SF of occupied residential space
- Commercial area includes six rooms, four equipped with plumbing and sinks
- HC Highway Commercial zoning; uses remain subject to applicable requirements and municipal approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,489
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,149,780
$1.1M
Cap Rate 7%
$821,271
$821.3K
Cap Rate 9%
$638,767
$638.8K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$122.2K $29.52/SF
− Vacancy
−$26.4K −$6.38/SF
EGI
$95.8K $23.14/SF
− OpEx
−$38.3K −$9.26/SF
NOI
$57.5K $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 Rate 5%
$1,149,780
Cap Rate 7%
$821,271
Cap Rate 9%
$638,767
Alternative Uses
Best Use
Healthcare Medical
$821.3K
$718.6K – $958.2K
NOI $57,489 @ 7.0% cap · market cap 7.19%
Second Best
Mixed Use
$780.7K
$683.1K – $910.8K
NOI $54,648 @ 7.0% cap · market cap 6.83%
Theoretical Best
Warehouse
$1.33M
$1.17M – $1.55M
NOI $93,239 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 08609, NJ
14,867
Population
5,347
Households
2.8
Avg Household Size
33
Median Age
10%
College-Educated
72%
High-School Grad
1.3 sq mi
ZIP Area
11,436
Density / Sq Mi
$56,932
Median Household Income
$36,133
Median Earnings
$1,218
Median Rent
$96,700
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Mercer County, NJ
Properties on Market for Mixed-use properties in Mercer County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The vacant commercial space includes existing medical infrastructure and may suit professional office or retail use, subject to approvals.
Where is this mixed-use property located?
The property is located at 1457 Nottingham Way Hamilton Township, NJ.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,140 SF building with approximately 2,000 SF of vacant commercial space and 2,140 SF of occupied residential space; Commercial area includes six rooms, four equipped with plumbing and sinks; HC Highway Commercial zoning; uses remain subject to applicable requirements and municipal approvals
