Building Details

Year Built 1950

Listing Agency: Keller Williams Cornerstone Realty

Listed By: Mia L Chen Show Phone

Source: Kandorre

Added: Mar 5 Changed: Oct 5 Last Checked: Oct 7 at 4:51PM

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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 Cornerstone Realty

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Investment Insights

Based on property information with market context.

Located on Franklin Corner Road in Lawrenceville, this fully renovated 2,450 sq ft freestanding professional building offers independence and visibility. The building has been thoughtfully designed, offering a customizable space for various business needs. It is suitable for law firms, accounting firms, therapy or behavioral health practices, architecture or design studios, insurance agencies, physical therapy or boutique medical users, aesthetic practices, specialty fitness or education centers, private tutoring or executive coaching, high-performing salons or service businesses, and other specialty businesses. The main level features an open and flexible layout ready for professional customization and an ADA-compliant bathroom. The second level offers fully finished flexible space, a full bathroom, and a separate exterior entrance, making it ideal for private offices, admin support, or expansion. A large private parking lot is designed for controlled traffic flow. The location provides convenient access to Route 1, I-295, Princeton, Trenton, and Hamilton, NJ Transit rail lines, and regional airports. Transportation access includes Trenton River LINE (9 min drive), Hamilton Avenue River LINE (10 min drive), Cass Street River LINE (12 min drive), Bordentown River LINE (17 min drive), Hamilton (NJ Transit Northeast Corridor Line) (7 min drive), Trenton Transit Center (River LINE NJ Transit) (9–10 min drive), Princeton (NJ Transit) (10 min drive), Princeton Junction (NJ Transit) (10 min drive), and Trenton-Mercer Airport (11 min drive).

Key Highlights

• Standalone 2,450 sq ft professional building with private parking.
• Fully renovated with flexible layout ready for customization.**
• No CAM fees, landlord approvals, or annual rent increases; full control over brand and space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,277

Cap Rate

3.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$565,540 $565.5K

Cap Rate 7%

$403,957 $404.0K

Cap Rate 9%

$314,189 $314.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,152 SF

Gross rent

$42.4K $13.44/SF

− Vacancy

−$4.7K −$1.48/SF

EGI

$37.7K $11.96/SF

− OpEx

−$9.4K −$2.99/SF

NOI

$28.3K $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%

$565,540

Cap Rate 7%

$403,957

Cap Rate 9%

$314,189

Alternative Uses

Best Use

Office B

$404.0K

$353.5K – $471.3K (±1% cap)

NOI $28,277 @ 7.0% cap · market cap 3.18%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$1.01M

$887.4K – $1.18M (±1% cap)

NOI $70,988 @ 7.0% cap · market cap 7.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Grocery & Convenience Store Cafe & Coffee Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

998

Businesses Nearby

Explore this area Business Placement

Demographics for 08648, NJ

31,955

Population

12,217

Households

2.6

Avg Household Size

40

Median Age

60%

College-Educated

92%

High-School Grad

16.7 sq mi

ZIP Area

1,913

Density / Sq Mi

$118,036

Median Household Income

$54,833

Median Earnings

$1,953

Median Rent

$395,400

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Renovated 2,450 sq ft building with private parking.

Where is this office building located?

The property is located at 172 Franklin Corner Rd Lawrence Township, NJ.

What is the asking price?

The asking price for this property is $888,000.

What are key features of this property?

This property features: Standalone **2,450 sq ft professional building with private parking.**; Fully renovated with flexible layout ready for customization.**; No CAM fees, landlord approvals, or annual rent increases; full control over brand and space.