Listing Agency: EXP REALTY, LLC Show Phone

Listed By: PETER BOUTROS · License #300361 Show Phone

Source: Exprealty

Added: Jan 23 Changed: Oct 17 Last Checked: Oct 16 at 3:21PM

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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 EXP REALTY, LLC

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Investment Insights

Based on property information with market context.

Located at 1805 Princeton Ave in Lawrenceville, New Jersey, this commercial real estate offering consists of an office building with a total size of 9,195 square feet. The property is located in Mercer County.

Key Highlights

• Central air conditioning keeps you cool.
• Natural gas heating for efficient warmth.
• Forced air heating system in place.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$82,490

Cap Rate

4.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,649,800 $1.6M

Cap Rate 7%

$1,178,429 $1.2M

Cap Rate 9%

$916,556 $916.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,195 SF

Gross rent

$123.6K $13.44/SF

− Vacancy

−$13.6K −$1.48/SF

EGI

$110.0K $11.96/SF

− OpEx

−$27.5K −$2.99/SF

NOI

$82.5K $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%

$1,649,800

Cap Rate 7%

$1,178,429

Cap Rate 9%

$916,556

Alternative Uses

Best Use

Office B

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,490 @ 7.0% cap · market cap 4.34%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$2.96M

$2.59M – $3.45M (±1% cap)

NOI $207,086 @ 7.0% cap · market cap 10.90%

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 Plumbing Service Hair Salon Real Estate Agency Parking Lot & Garage Grocery & Convenience Store Garden Center

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

577

Businesses Nearby

Explore this area Business Placement

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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1,941 SF

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Two-Unit Office Property

123 Franklin Corner Road, Units 210 & 211, Lawrenceville, NJ 08648

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Frequently Asked Questions

What type of property is this?

Office building - 9,195 SF office building in Lawrenceville, New Jersey.

Where is this office building located?

The property is located at 1805 Princeton Ave Lawrenceville, NJ.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: Central air conditioning keeps you cool.; Natural gas heating for efficient warmth.; Forced air heating system in place.