Renovated Medical Office
3-1-3 Mapleton Rd Princeton, NJ 08540
3-1-3 Mapleton Rd, Princeton, NJ, 08540
$1,899,000
For Sale
$1,899,000
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 Market153
Property Features for 3-1-3 Mapleton Rd
General Information
- Standard status
- Active
- Size
- 5,385 SF
Listing agency
DAVIS REALTORS
(732) 254-6700
Listed by
BRIAN T. WALSH
Source
Exprealty
Added: Feb 19 Updated: Jul 21 at 4:41PM Checked: Jul 21 at 4:41PM
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
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
Local Financial Insights For Healthcare Medical
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 | $159.0k | $29.52 |
| − Vacancy | −$34.3k | −$6.38 |
| EGI | $124.6k | $23.14 |
| − OpEx | −$49.9k | −$9.26 |
| NOI | $74.8k | $13.89 |
5,385 SF · lease $29.52/SF/yr · vacancy 21.60% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
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
