Professional Office Unit in
For Sale
$290,000
2333 Whitehorse Mercerville Road, Hamilton, NJ 08619
Commercial Sale, Hamilton, NJ
Property Size1,015 SF
Price / SF$285.71
Days on Market72
Property Features for 2333 Whitehorse Mercerville Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1
Parking
90
Parking features
Open, Parking Lot
Interior features
Carpeting, Lighting Fixtures
Lot features
Near Shopping, Business Park, Commercial Area
Directions
Rt. 33 East to Left onto Whitehorse Mercerville Rd. Office complex is on left. Unit# E
Standard status
Active
APN
03018190000000016
Size
1,015 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6262
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1977
Floors in Building
1
Flooring type
Carpet, Lighting fixtures, Laminate, Tile
Building materials
Block, Brick, Vinyl Siding, Wood Siding
Roof type
Composition
Listing Agency:
DDS REAL ESTATE
(732) 421-2550
Listed By:
Kaushik Patel
(718) 857-8259
Added: Jun 28
Changed: Sep 3
Last Checked: Sep 7 at 12:06AM
MLS# 2618380R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,015-square-foot office unit is located within Mercer Professional Park and is configured with a front office, main office, back office, kitchen, and bathroom. Interior finishes include carpeting, laminate, and tile, with central air conditioning and forced-air or hot-water heating. Public water and sewer serve the property, while the building exterior includes brick, block, vinyl siding, and wood siding.
The professional park includes more than 90 surface parking spaces, including open and lot parking. The property is situated at 2333 Whitehorse Mercerville Road in Hamilton, with commercial zoning and access to public utilities. The current tenant has occupied the unit for more than 20 years, with availability stated for 1st Jul 2026. The condominium association handles exterior maintenance, including siding and roof repair or replacement, while the tenant pays utilities.
The professional park includes more than 90 surface parking spaces, including open and lot parking. The property is situated at 2333 Whitehorse Mercerville Road in Hamilton, with commercial zoning and access to public utilities. The current tenant has occupied the unit for more than 20 years, with availability stated for 1st Jul 2026. The condominium association handles exterior maintenance, including siding and roof repair or replacement, while the tenant pays utilities.
Key Highlights
- 1,015 SF office unit in Mercer Professional Park
- Front, main, and back offices plus kitchen and bathroom
- More than 90 surface parking spaces
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
$9,106
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
3.14%
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%
$182,120
$182.1K
Cap Rate 7%
$130,086
$130.1K
Cap Rate 9%
$101,178
$101.2K
Market Conditions
NOI Build-Up for 1,015 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
$13.6K $13.44/SF
− Vacancy
−$1.5K −$1.48/SF
EGI
$12.1K $11.96/SF
− OpEx
−$3.0K −$2.99/SF
NOI
$9.1K $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 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%
$182,120
Cap Rate 7%
$130,086
Cap Rate 9%
$101,178
Alternative Uses
Best Use
Office B
$130.1K
$113.8K – $151.8K
NOI $9,106 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$326.6K
$285.7K – $381.0K
NOI $22,859 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 08619, NJ
23,301
Population
9,761
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
2,330
Density / Sq Mi
$104,922
Median Household Income
$56,772
Median Earnings
$1,712
Median Rent
$320,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercially zoned office space with flexible rooms, central air, and access to shared surface parking.
Where is this office units located?
The property is located at 2333 Whitehorse Mercerville Road Hamilton, NJ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 1,015 SF office unit in Mercer Professional Park; Front, main, and back offices plus kitchen and bathroom; More than 90 surface parking spaces
