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
Price / SF$445.70
Days on Market136
Property Features for 15 Roszel Road
General Information
Standard status
Active
Size
7,965 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
ROM2
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Building Size
7,965 SF
Year Built
1980
Tenancy
Multi
Listing Agency:
DePalma Realty
(856) 825-5500
Listed By:
Larry J. DePalma
(856) 364-6697
Source:
Depalmarealty
Added: Jun 12
Changed: Oct 24
Last Checked: Oct 24 at 5:47PM
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 DePalma Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$179,385
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- WhitePleats — 300 Carnegie Center Dr #150, Princeton, NJ 08540
- Golden Carrot Catering — 300 Carnegie Center Dr #150, Princeton, NJ 08540
- Park Cafe — 600 Alexander Park Dr, Princeton, NJ 08540
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
