Two-Story Office
152 WITHERSPOON STREET, Princeton, NJ 08542
For Sale
New
Contact for pricing
Four private offices share a full kitchen, bathroom, and in-suite washer and dryer.
Property Size1,690 SF
Price / SF$2.31
Days on Market4
Property Features for 152 WITHERSPOON STREET
General Information
Standard status
Size
Property subtype
Amenities
high ceilings
hardwood flooring
crown moldings
full kitchen
washer/dryer
monitored fire detection system
Building Details
Year Built
Listing Agency:
Keller Williams Real Estate - Princeton
(609) 987-8889
Listed By:
Olga Barsky · License NJ RS3815790
(973) 738-3212
Source:
Cummingsrealtors
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:14PM
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 Keller Williams Real Estate - Princeton
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Investment Insights
Based on property information with market context.
Built in 2022, this 1,690-square-foot office suite spans two floors and includes four offices, a full bathroom, a kitchen, and a washer and dryer. Interior details include hardwood flooring, crown molding, high ceilings, and naturally bright rooms. A monitored fire detection system is installed.
The property is on Witherspoon Street in downtown Princeton, near shops, restaurants, and public services. Paved parking and additional on-street parking are available.
The property is on Witherspoon Street in downtown Princeton, near shops, restaurants, and public services. Paved parking and additional on-street parking are available.
Key Highlights
- 1,690‑square‑foot office suite built in 2022
- Four offices across two floors
- Full kitchen, bathroom, and washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,161
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,220
$303.2K
Cap Rate 7%
$216,586
$216.6K
Cap Rate 9%
$168,456
$168.5K
Market Conditions
NOI Build-Up for 1,690 SF
Gross rent
$22.7K $13.44/SF
− Vacancy
−$2.5K −$1.48/SF
EGI
$20.2K $11.96/SF
− OpEx
−$5.1K −$2.99/SF
NOI
$15.2K $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 Rate 5%
$303,220
Cap Rate 7%
$216,586
Cap Rate 9%
$168,456
Alternative Uses
Best Use
Office B
$216.6K
$189.5K – $252.7K
NOI $15,161 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$543.7K
$475.8K – $634.4K
NOI $38,062 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,412
Businesses Nearby
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Business Placement
Demographics for 08542, NJ
3,325
Population
1,294
Households
2.6
Avg Household Size
36
Median Age
70%
College-Educated
96%
High-School Grad
0.4 sq mi
ZIP Area
8,313
Density / Sq Mi
$104,694
Median Household Income
$65,917
Median Earnings
$2,398
Median Rent
$754,800
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Mercer County, NJ
Properties on Market for Office Units in Mercer County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Four private offices share a full kitchen, bathroom, and in-suite washer and dryer.
Where is this office unit located?
The property is located at 152 WITHERSPOON STREET Princeton, NJ.
What are key features of this property?
This property features: 1,690‑square‑foot office suite built in 2022; Four offices across two floors; Full kitchen, bathroom, and washer and dryer
