Listing Agency: Fennelly Associates Show Phone

Listed By: Gerard J. Fennelly Show Phone

Source: Moodyscre

Added: Oct 1 Changed: Oct 3 Last Checked: Oct 5 at 8:06PM

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Investment Insights

Based on property information with market context.

This 52,778-square-foot office building includes finished office and laboratory areas, an auditorium, a cafeteria, and conference rooms. A glass atrium marks the entrance, with two courtyards inside the building. Four elevators and six staircases provide vertical circulation.

Two overhead loading doors serve the rear shipping and receiving area. The property is at 195 Clarksville Rd in Princeton Junction, New Jersey.

Key Highlights

• 52,778‑square‑foot office building
• Finished office and laboratory areas, auditorium, cafeteria, and conference rooms
• Glass atrium at the entrance and 2 internal courtyards

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$473,482

Cap Rate

4.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,469,640 $9.5M

Cap Rate 7%

$6,764,029 $6.8M

Cap Rate 9%

$5,260,911 $5.3M

Market Conditions

NOI Build-Up for 52,778 SF

Gross rent

$709.3K $13.44/SF

− Vacancy

−$78.0K −$1.48/SF

EGI

$631.3K $11.96/SF

− OpEx

−$157.8K −$2.99/SF

NOI

$473.5K $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%

$9,469,640

Cap Rate 7%

$6,764,029

Cap Rate 9%

$5,260,911

Alternative Uses

Best Use

Office B

$6.76M

$5.92M – $7.89M (±1% cap)

NOI $473,482 @ 7.0% cap · market cap 4.76%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$16.98M

$14.86M – $19.81M (±1% cap)

NOI $1,188,645 @ 7.0% cap · market cap 11.95%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Auto Repair Shop Bakery Hair Salon Auto Parts Store

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

197

Businesses Nearby

Explore this area Business Placement

Demographics for 08550, NJ

21,034

Population

7,839

Households

2.7

Avg Household Size

43

Median Age

84%

College-Educated

99%

High-School Grad

19.1 sq mi

ZIP Area

1,101

Density / Sq Mi

$206,658

Median Household Income

$121,740

Median Earnings

$2,694

Median Rent

$758,900

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

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office building - Finished office and laboratory areas sit alongside an auditorium, cafeteria, and conference facilities.

Where is this office building located?

The property is located at 195 Clarksville Rd Princeton Junction, NJ.

What is the asking price?

The asking price for this property is $9,950,000.

What are key features of this property?

This property features: 52,778‑square‑foot office building; Finished office and laboratory areas, auditorium, cafeteria, and conference rooms; Glass atrium at the entrance and 2 internal courtyards