Flex Space With Office And
For Sale
$965,000
1700 SYLVAN AVENUE #A, Hamilton, NJ 08610
Well-maintained commercial condominium unit with adaptable areas for office, storage, manufacturing, or production.
Property Size5,280 SF
Price / SF$182.77
Days on Market51
Property Features for 1700 SYLVAN AVENUE #A
General Information
Standard status
Active
Size
5,280 SF
Property subtype
Commercial
Zoning
General Commercial
Warehouse & Industrial
Warehouse Space
2,880 SF
Office Build-Out
2,400 SF
Building Details
Year Built
2000
Listing Agency:
Keller Williams Real Estate - Princeton
Listed By:
Michael Briehler · License #8631404
(609) 987-8889
Source:
Cummingsrealtors
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 15 at 1:01AM
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
Investment Insights
Based on property information with market context.
Unit A is a 5,280-square-foot flex condominium within a three-unit development completed in 2000. The layout includes 2,400 square feet of office space and 2,880 square feet designated for warehousing, manufacturing, or production. Interior areas can be reconfigured to expand storage or production capacity.
The property is located at 1700 Sylvan Avenue in Hamilton, New Jersey, within the General Commercial zoning district. Its combination of office and industrial-oriented space supports service businesses and other commercial operations requiring both administrative and work areas.
The property is located at 1700 Sylvan Avenue in Hamilton, New Jersey, within the General Commercial zoning district. Its combination of office and industrial-oriented space supports service businesses and other commercial operations requiring both administrative and work areas.
Key Highlights
- 5,280‑square‑foot Unit A in a three‑unit condominium flex development
- 2,400 square feet of office space
- 2,880 square feet for warehousing, manufacturing, or production
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,368
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,360
$947.4K
Cap Rate 7%
$676,686
$676.7K
Cap Rate 9%
$526,311
$526.3K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$71.0K $13.44/SF
− Vacancy
−$7.8K −$1.48/SF
EGI
$63.2K $11.96/SF
− OpEx
−$15.8K −$2.99/SF
NOI
$47.4K $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%
$947,360
Cap Rate 7%
$676,686
Cap Rate 9%
$526,311
Alternative Uses
Best Use
Warehouse
$1.70M
$1.49M – $1.98M
NOI $118,914 @ 7.0% cap · market cap 12.32%
Second Best
Industrial
$1.41M
$1.23M – $1.65M
NOI $98,781 @ 7.0% cap · market cap 10.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08610, NJ
32,649
Population
12,363
Households
2.6
Avg Household Size
38
Median Age
25%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
4,412
Density / Sq Mi
$87,159
Median Household Income
$43,990
Median Earnings
$1,491
Median Rent
$248,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained commercial condominium unit with adaptable areas for office, storage, manufacturing, or production.
Where is this flex space located?
The property is located at 1700 SYLVAN AVENUE #A Hamilton, NJ.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: 5,280‑square‑foot Unit A in a three‑unit condominium flex development; 2,400 square feet of office space; 2,880 square feet for warehousing, manufacturing, or production
