Renovated Medical Office
For Sale
$1,899,000
3-1-3 Mapleton Rd, Princeton, NJ 08540
Completely renovated professional/medical building with vaulted ceilings, multiple entrances, and abundant on-site parking.
Property Size5,385 SF
Price / SF$352.65
Days on Market243
Property Features for 3-1-3 Mapleton Rd
General Information
Standard status
Active
Size
5,385 SF
Taxes and HOA fees
Annual Taxes
$23,104
Listing Agency:
DAVIS REALTORS
(732) 254-6700
Listed By:
BRIAN T. WALSH
(908) 510-7089
Source:
Exprealty
Added: Feb 19
Changed: Oct 17
Last Checked: Oct 19 at 10:56AM
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 DAVIS REALTORS
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Investment Insights
Based on property information with market context.
3 Mapleton Rd is a freestanding, completely renovated professional/medical office building offering three levels of flexible space with loft-style vaulted ceilings, original wood beams and wood floors, private fireplaces, and windows throughout. The building includes multiple entrances, including two separate first-floor entrances and an additional sloped entrance to the second floor; each floor is described as ADA compliant. First-floor space totals 2,210 SF with two private entrances, two bathrooms, a kitchenette, reception area, four private offices, and a conference room. Second-floor space totals 2,984 SF with a side ADA entrance, a large vaulted open area, a spacious conference room, an owners office, a private bathroom, a kitchenette, and four additional offices. A third-floor level includes a private glassed office/conference room overlooking the open area.
The property is located just off Route 1 and sits directly across from Penn Medicine Princeton Medical Center. It is described as minutes from downtown Princeton and surrounded by Princeton University Campus. It features a metal roof described for longevity and includes a solar system to reduce utility costs, and it is offered in a PMUD zone (Planned Unit Development.). The site has abundant on-site parking, accommodating 60+ cars.
The building is listed for sale with separate meters and utilities for each floor, which is described as suitable for one owner-occupier or two separate users.
The property is located just off Route 1 and sits directly across from Penn Medicine Princeton Medical Center. It is described as minutes from downtown Princeton and surrounded by Princeton University Campus. It features a metal roof described for longevity and includes a solar system to reduce utility costs, and it is offered in a PMUD zone (Planned Unit Development.). The site has abundant on-site parking, accommodating 60+ cars.
The building is listed for sale with separate meters and utilities for each floor, which is described as suitable for one owner-occupier or two separate users.
Key Highlights
- 5,385 SF freestanding professional/medical building on a 4‑acre lot
- Completely renovated and move‑in ready with vaulted loft ceilings, original wood beams, and wood floors
- Two separate first‑floor entrances plus a sloped second‑floor entrance; each floor is ADA compliant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,777
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,495,540
$1.5M
Cap Rate 7%
$1,068,243
$1.1M
Cap Rate 9%
$830,856
$830.9K
Market Conditions
NOI Build-Up for 5,385 SF
Gross rent
$159.0K $29.52/SF
− Vacancy
−$34.3K −$6.38/SF
EGI
$124.6K $23.14/SF
− OpEx
−$49.9K −$9.26/SF
NOI
$74.8K $13.89/SF
Area
Mercer County, NJ
Vacancy
21.60%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,495,540
Cap Rate 7%
$1,068,243
Cap Rate 9%
$830,856
Alternative Uses
Best Use
Healthcare Medical
$1.07M
$934.7K – $1.25M
NOI $74,777 @ 7.0% cap · market cap 3.94%
Second Best
Office B
$690.1K
$603.9K – $805.2K
NOI $48,310 @ 7.0% cap · market cap 2.54%
Theoretical Best
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,279 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Completely renovated professional/medical building with vaulted ceilings, multiple entrances, and abundant on-site parking.
Where is this office building located?
The property is located at 3-1-3 Mapleton Rd Princeton, NJ.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: 5,385 SF freestanding professional/medical building on a 4‑acre lot; Completely renovated and move‑in ready with vaulted loft ceilings, original wood beams, and wood floors; Two separate first‑floor entrances plus a sloped second‑floor entrance; each floor is ADA compliant
