Multi-Tenant Flex Office
For Sale
$3,550,000
15 ROSZEL ROAD, Princeton, NJ 08540
Multi-tenant building combines on-site warehouse space with office use for businesses needing distribution and administration under one roof.
Property Size7,965 SF
Days on Market70
Property Features for 15 ROSZEL ROAD
General Information
Standard status
Active
Size
7,965 SF
Total Parking Spaces
10
Zoning
ROM2
Additional Details
Business Included
Yes
Highway Access
Yes
Amenities
Central Air, Electric
Natural Gas, Forced Air
Parking Lot
Building Details
Building Size
7,965 SF
Year Built
1980
Tenancy
Multi
Listing Agency:
QUEENSTON REALTY, LLC
(609) 773-8054
Listed By:
Josh D Wilton
(609) 773-8054
Source:
Evrealestate
Added: Jun 16
Changed: Aug 23
Last Checked: Aug 24 at 4:35AM
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 QUEENSTON REALTY, LLC
Investment Insights
Based on property information with market context.
15 Roszel Road is a multi-tenant commercial property that includes office space along with an on-site warehouse component, creating a flexible setup for businesses that need distribution and administration in the same location. The building is positioned as an established, income-producing asset and is intended to support both investor ownership and owner-occupant use cases.
The property is located on Roszel Road in Princeton, offering access and convenience for day-to-day operations. Remarks indicate it has easy accessibility, plenty of on-site parking, and simple regional travel with quick connections to Route 1, I-295, and the NJ Turnpike.
For tenant needs, the combination of office and warehouse space can support companies looking to house staff and distribution functions together. For buyers, the multi-unit configuration provides an opportunity to own a commercial building with multiple spaces rather than a single-use facility, with parking and access designed to support regular customer and operational activity.
The property is located on Roszel Road in Princeton, offering access and convenience for day-to-day operations. Remarks indicate it has easy accessibility, plenty of on-site parking, and simple regional travel with quick connections to Route 1, I-295, and the NJ Turnpike.
For tenant needs, the combination of office and warehouse space can support companies looking to house staff and distribution functions together. For buyers, the multi-unit configuration provides an opportunity to own a commercial building with multiple spaces rather than a single-use facility, with parking and access designed to support regular customer and operational activity.
Key Highlights
- Multi‑tenant commercial building at 15 Roszel Road with on‑site warehouse space and office use under one roof
- Built in 1980
- Features an‑site warehouse plus office space for businesses needing distribution and administration at the same location
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
$179,385
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
5.05%
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%
$3,587,700
$3.6M
Cap Rate 7%
$2,562,643
$2.6M
Cap Rate 9%
$1,993,167
$2.0M
Market Conditions
NOI Build-Up for 7,965 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
$229.4K $28.80/SF
− Vacancy
−$18.4K −$2.30/SF
EGI
$211.0K $26.50/SF
− OpEx
−$31.7K −$3.97/SF
NOI
$179.4K $22.52/SF
Area
Mercer County, NJ
Vacancy
8.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
15.00%
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%
$3,587,700
Cap Rate 7%
$2,562,643
Cap Rate 9%
$1,993,167
Alternative Uses
Best Use
Warehouse
$2.56M
$2.24M – $2.99M
NOI $179,385 @ 7.0% cap · market cap 5.05%
Second Best
Industrial
$2.13M
$1.86M – $2.48M
NOI $149,013 @ 7.0% cap · market cap 4.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08540, NJ
48,216
Population
19,255
Households
2.5
Avg Household Size
41
Median Age
82%
College-Educated
98%
High-School Grad
51.7 sq mi
ZIP Area
933
Density / Sq Mi
$169,898
Median Household Income
$80,357
Median Earnings
$2,083
Median Rent
$723,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant building combines on-site warehouse space with office use for businesses needing distribution and administration under one roof.
Where is this flex space located?
The property is located at 15 ROSZEL ROAD Princeton, NJ.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: Multi‑tenant commercial building at 15 Roszel Road with on‑site warehouse space and office use under one roof; Built in 1980; Features an‑site warehouse plus office space for businesses needing distribution and administration at the same location
