Professional Office
New
For Sale
$290,000
2333 Whitehorse Mercerville Road Suite#e, Hamilton, NJ 08619
Flexible commercial workspace within a professional park, with dedicated interior rooms and access to extensive surface parking.
Property Size1,015 SF
Price / SF$285.71
Days on Market2
Property Features for 2333 Whitehorse Mercerville Road Suite#e
General Information
Standard status
Active
Size
1,015 SF
Additional Details
HOA Fee
$265
Utilities to Site
Yes
Office Units
1
Building Details
Year Built
1977
Construction
brick and frame
Tenancy
Single
Owner Occupied
No
Listing Agency:
DDS Real Estate
Listed By:
Kaushik G Patel
(718) 857-8259
Source:
Tbhteam
Added: Sep 6
Last Checked: Sep 6 at 2:44PM
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 DDS Real Estate
Investment Insights
Based on property information with market context.
This 1,015-square-foot office unit at 2333 Whitehorse Mercerville Road includes a front office, main office, rear office, kitchen, and concrete flooring. The brick-and-frame building is located within Mercer Professional Park, a business setting occupied by medical, accounting, financial, legal, therapy, and dental practices. The property includes access to 90 + surface parking spaces and exterior maintenance through the condominium association, including siding and roof repair or replacement. The current tenant has occupied the space for 20+ years, with availability scheduled for 1st Jul 2026. The tenant pays utilities, while the association handles exterior maintenance.
Key Highlights
- 1,015 SF office unit at 2333 Whitehorse Mercerville Road Suite#e
- Interior layout includes 18X11 front office, 20X20 main office, 10X8 back office, and 8X8 kitchen
- 90 + surface parking spaces available within Mercer Professional Park
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
1
Office units
Single-tenant
Tenancy
Yes
Utilities to site
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 - Flexible commercial workspace within a professional park, with dedicated interior rooms and access to extensive surface parking.
Where is this office units located?
The property is located at 2333 Whitehorse Mercerville Road Suite#e 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 at 2333 Whitehorse Mercerville Road Suite#e; Interior layout includes 18X11 front office, 20X20 main office, 10X8 back office, and 8X8 kitchen; 90 + surface parking spaces available within Mercer Professional Park
