Building Details

Year Built 1984

Listing Agency: Cushman & Wakefield - East Rutherford, New Jersey

Listed By: Frank A. DiTommaso II · License #NJ 1861409

Source: Crexi

Added: Feb 9 Changed: Aug 19 Last Checked: Aug 21 at 7:17PM

Report an Issue

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 Cushman & Wakefield - East Rutherford, New Jersey

Investment Insights

Based on property information with market context.

This 53,000 square foot property is situated on 5.1 acres in West Windsor Township, NJ. The property is located in the Princeton submarket and features flexible ROM-4 Industrial zoning, suitable for lab, R&D, and testing purposes. It presents a headquarters opportunity.

Key Highlights

• 53,000 SF HQ Opportunity
• Situated on a 5.1 Acre Property
• Flexible Zoning: ROM‑4 Industrial

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$991,549

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.26%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$19,830,980 $19.8M

Cap Rate 7%

$14,164,986 $14.2M

Cap Rate 9%

$11,017,211 $11.0M

Market Conditions

NOI Build-Up for 53,000 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$1.53M $28.80/SF

− Vacancy

−$109.9K −$2.07/SF

EGI

$1.42M $26.73/SF

− OpEx

−$424.9K −$8.02/SF

NOI

$991.5K $18.71/SF

Area

Mercer County, NJ

Vacancy

7.20%

Lease Rate

$28.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$19,830,980

Cap Rate 7%

$14,164,986

Cap Rate 9%

$11,017,211

Alternative Uses

Best Use

Industrial

$14.16M

$12.39M – $16.53M (±1% cap)

NOI $991,549 @ 7.0% cap · market cap 8.26%

Second Best

Flex RnD

$6.41M

$5.61M – $7.48M (±1% cap)

NOI $448,853 @ 7.0% cap · market cap 3.74%

Theoretical Best

Warehouse

$17.05M

$14.92M – $19.89M (±1% cap)

NOI $1,193,645 @ 7.0% cap · market cap 9.95%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

MISTRAS Group - Headquarters Corporate Office Physical Acoustics Corporation Laboratory Transformer Clinic Medical Clinic NDT Automation Car Dealership

Suggested Use

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

293

Businesses Nearby

Well-served

Demand for This Use

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 Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Office Suite with Parking Access

231 Clarksville Rd, West Windsor Township, NJ 08550

Contact for pricing

27,769 SF

View details

Princeton Junction Office/Medical Complex

231 Clarksville Rd, West Windsor Township, NJ 08550

Contact for pricing

27,773 SF

View details

Similar Off Market Nearby

• A Touch of Class — 51 Everett Dr # B60, West Windsor Township, NJ 08550
• Malayali food — C/o global grill, 217 Clarksville Rd, West Windsor Township, NJ 08850

Frequently Asked Questions

What type of property is this?

Flex space - 53,000 SF property on 5.1 acres in West Windsor.

Where is this flex space located?

The property is located at 195 Clarksville Rd West Windsor Township, NJ.

What is the asking price?

The asking price for this property is $12,000,000.

What are key features of this property?

This property features: 53,000 SF HQ Opportunity; Situated on a 5.1 Acre Property; Flexible Zoning: ROM‑4 Industrial