Two-Story Class A Office
For Sale
Contact for pricing
29 Thanet Cir, Princeton, NJ 08540
Renovated two-story Class A office building on 9.26 acres with 179 surface parking spaces and 1,600 AMPs service.
Property Size48,167 SF
Lot Size9.26 Acres
Price / SF$140.14
Days on Market580
Property Features for 29 Thanet Cir
General Information
Standard status
Active
Size
48,167 SF
Class
A
Total Parking Spaces
179
Lot size
9.26 Acres
Property subtype
OFFICE
Zoning
OR2
Additional Details
Highway Access
Yes
Heavy Power
Yes
Building Details
Year Built
1974
Year Renovated
2006
Stories
2
Listing Agency:
Fennelly Associates
(609) 520-0061
Listed By:
Gerard J. Fennelly
(609) 306-3158
Source:
Moodyscre
Added: Mar 27, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:56PM
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 Fennelly Associates
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Investment Insights
Based on property information with market context.
This 2-story Class A office building was built in 1974 and renovated in 2006. The property totals 48,167 square feet and includes 179 surface parking spaces for tenant and visitor access. Power service is listed at 1,600 AMPs via PSE&G.
The site is located in Princeton, NJ, with access to Routes 206, 27, and Route 1. The property is zoned OR2 Office Research.
The property has approved use categories listed as General, Medical, Laboratory, Corporate Lodging, and Laboratory, including any uses of a research nature involving scientific investigation, research, or engineering. The listing also notes laboratory uses in the approved categories.
The site is located in Princeton, NJ, with access to Routes 206, 27, and Route 1. The property is zoned OR2 Office Research.
The property has approved use categories listed as General, Medical, Laboratory, Corporate Lodging, and Laboratory, including any uses of a research nature involving scientific investigation, research, or engineering. The listing also notes laboratory uses in the approved categories.
Key Highlights
- 48,167 SF, two‑story Class A office building on 9.26 acres
- Built in 1974; renovated in 2006
- 179 surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$432,116
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,642,320
$8.6M
Cap Rate 7%
$6,173,086
$6.2M
Cap Rate 9%
$4,801,289
$4.8M
Market Conditions
NOI Build-Up for 48,167 SF
Gross rent
$647.4K $13.44/SF
− Vacancy
−$71.2K −$1.48/SF
EGI
$576.2K $11.96/SF
− OpEx
−$144.0K −$2.99/SF
NOI
$432.1K $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 Rate 5%
$8,642,320
Cap Rate 7%
$6,173,086
Cap Rate 9%
$4,801,289
Alternative Uses
Best Use
Office B
$6.17M
$5.40M – $7.20M
NOI $432,116 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$15.50M
$13.56M – $18.08M
NOI $1,084,798 @ 7.0% cap · market cap 16.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
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Business Placement
Demographics for 08540, NJ
48,216
Population
19,255
Households
2.5
Avg Household Size
41
Median Age
82%
College-Educated
98%
High-School Grad
51.7 sq mi
ZIP Area
933
Density / Sq Mi
$169,898
Median Household Income
$80,357
Median Earnings
$2,083
Median Rent
$723,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Renovated two-story Class A office building on 9.26 acres with 179 surface parking spaces and 1,600 AMPs service.
Where is this office building located?
The property is located at 29 Thanet Cir Princeton, NJ.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 48,167 SF, two‑story Class A office building on 9.26 acres; Built in 1974; renovated in 2006; 179 surface parking spaces
