Renovated Second-Floor Office
For Sale
Contact for pricing
171 Stanton Rd, Flemington, NJ 08822
Office space with heat and electric included.
Property Size800 SF
Price / SF$0.88
Days on Market84
Property Features for 171 Stanton Rd
General Information
Standard status
Active
Size
800 SF
Building Details
Year Built
1800
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
FREEMAN SMITH · License #261188
(908) 735-8080
Source:
Luminancerealty
Added: Jul 24
Changed: Oct 11
Last Checked: Oct 5 at 11:59PM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
This 800-square-foot office unit occupies the second floor of a building constructed in 1800 and has been newly renovated. The space has previously accommodated a law office, photo studio, and thrift shop, supporting a range of office and studio configurations.
Located at 171 Stanton Rd in Readington Township, New Jersey, the property provides access to Routes 22, 31, and 78. Heat and electric are included, adding clarity to ongoing occupancy costs. The setting combines an established historic building with updated office space and proximity to a restaurant.
Located at 171 Stanton Rd in Readington Township, New Jersey, the property provides access to Routes 22, 31, and 78. Heat and electric are included, adding clarity to ongoing occupancy costs. The setting combines an established historic building with updated office space and proximity to a restaurant.
Key Highlights
- 800‑square‑foot second‑floor office unit
- Newly renovated office space
- Heat and electric included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,240
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,800
$244.8K
Cap Rate 7%
$174,857
$174.9K
Cap Rate 9%
$136,000
$136.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$24.0K $30.00/SF
− Vacancy
−$7.7K −$9.60/SF
EGI
$16.3K $20.40/SF
− OpEx
−$4.1K −$5.10/SF
NOI
$12.2K $15.30/SF
Area
Hunterdon County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,800
Cap Rate 7%
$174,857
Cap Rate 9%
$136,000
Alternative Uses
Best Use
Office B
$174.9K
$153.0K – $204.0K
NOI $12,240 @ 7.0% cap · market cap 1,748.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.9K
$182.8K – $243.7K
NOI $14,623 @ 7.0% cap · market cap 2,089.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 08822, NJ
31,844
Population
12,274
Households
2.6
Avg Household Size
44
Median Age
57%
College-Educated
94%
High-School Grad
64.7 sq mi
ZIP Area
492
Density / Sq Mi
$137,698
Median Household Income
$67,198
Median Earnings
$1,685
Median Rent
$513,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Office space with heat and electric included.
Where is this office units located?
The property is located at 171 Stanton Rd Flemington, NJ.
What are key features of this property?
This property features: 800‑square‑foot second‑floor office unit; Newly renovated office space; Heat and electric included
