Two-Story Class A Office
29 Thanet Rd Princeton, NJ 08540
For Sale
Contact for pricing
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 Market490
Property Features for 29 Thanet Rd
General Information
Standard status
Active
Size
48,167 SF
Lot size
9.26 Acres
Property subtype
OFFICE
Listing Agency:
Fennelly Associates
(609) 306-3158
Listed By:
Gerard J. Fennelly
(609) 306-3158
Source:
Moodyscre
Added: Mar 27, 2025
Changed: Jul 28
Last Checked: Jul 28 at 3:40AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $647.4k | $13.44 |
| − Vacancy | −$71.2k | −$1.48 |
| EGI | $576.2k | $11.96 |
| − OpEx | −$144.0k | −$2.99 |
| NOI | $432.1k | $8.97 |
48,167 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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 Rd 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
