Bordentown Office Building with
For Sale
Contact for pricing
Pending
3 3rd St, Bordentown, NJ 08505
Office building with additional parking lot in prime location.
Property Size12,841 SF
Lot Size1.80 Acres
Days on Market191
Property Features for 3 3rd St
General Information
Standard status
Pending
Size
12,841 SF
Lot size
1.80 Acres
Property subtype
Office, Land
Listing Agency:
Bonanni Realtors
(609) 586-4300
Listed By:
Jamie Walter · License #NJ 9909570
Source:
Crexi
Added: Feb 12
Changed: Aug 12
Last Checked: Aug 21 at 5:51PM
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 Bonanni Realtors
Investment Insights
Based on property information with market context.
This property features a 12,841-square-foot office building located in Bordentown. An additional 1.8-acre lot across the street is available for parking. The additional lot does not have to be purchased with the building, but it cannot be sold individually until the building is sold.
Key Highlights
- Prime location in Bordentown
- Substantial 12,841 sq ft office building
- Additional 1.8‑acre lot available for parking
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
$115,199
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
5.80%
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%
$2,303,980
$2.3M
Cap Rate 7%
$1,645,700
$1.6M
Cap Rate 9%
$1,279,989
$1.3M
Market Conditions
NOI Build-Up for 12,841 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
$172.6K $13.44/SF
− Vacancy
−$19.0K −$1.48/SF
EGI
$153.6K $11.96/SF
− OpEx
−$38.4K −$2.99/SF
NOI
$115.2K $8.97/SF
Area
Burlington 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%
$2,303,980
Cap Rate 7%
$1,645,700
Cap Rate 9%
$1,279,989
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.92M
NOI $115,199 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$26.86M
$23.50M – $31.33M
NOI $1,879,969 @ 7.0% cap · market cap 94.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 08505, NJ
18,178
Population
7,792
Households
2.3
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
22.5 sq mi
ZIP Area
808
Density / Sq Mi
$111,946
Median Household Income
$65,422
Median Earnings
$1,586
Median Rent
$353,200
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 building - Office building with additional parking lot in prime location.
Where is this office building located?
The property is located at 3 3rd St Bordentown, NJ.
What is the asking price?
The asking price for this property is $1,985,000.
What are key features of this property?
This property features: Prime location in Bordentown; Substantial 12,841 sq ft office building; Additional 1.8‑acre lot available for parking
