Two-Story Office
37 Station Drive, West Windsor, NJ 08550
For Sale
New
$2,399,000
Seven suites include six leased spaces, with potential availability for an owner-user.
Property Size9,616 SF
Lot Size0.67 Acres
Price / SF$249.48
Days on Market3
Property Features for 37 Station Drive
General Information
Standard status
Size
Total Parking Spaces
Lot size
Zoning
Site & Location
Public Transit
Utilities to Site
Additional Details
Asking Price
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Composition Tile,Tile,Vinyl-Linoleum,Wood
true
2
Refrigeration
Near Train
Private,Public
0.6703
73
100.00 x 0.00
9616
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
(848) 283-5624
Listed By:
Lisa Edwards
Source:
Moveritenow
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 6:38PM
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 Lisa Edwards
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Investment Insights
Based on property information with market context.
This freestanding, two-story office property contains 9,616 square feet across seven suites, six of which are rented. The layout includes potential space for an owner-user. The property spans 0.67 acres across two lots and has 73 parking spaces, including 40 used for daily rental parking. Recent improvements include a newly paved parking lot and upgrades to the roof and facade. Each tenant has separate electric and gas meters, and the site is zoned ROM2.
The property is within walking distance of the Princeton Junction train station and next to Avalon W Squared at Princeton Junction, a 600-unit development. The parking area also includes spaces rented to a daily parking operator.
The property is within walking distance of the Princeton Junction train station and next to Avalon W Squared at Princeton Junction, a 600-unit development. The parking area also includes spaces rented to a daily parking operator.
Key Highlights
- 9,616‑square‑foot, two‑story office building with 7 suites
- 6 of 7 suites are rented; potential space for an owner‑user
- 0.67 acres across 2 separate lots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,267
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,725,340
$1.7M
Cap Rate 7%
$1,232,386
$1.2M
Cap Rate 9%
$958,522
$958.5K
Market Conditions
NOI Build-Up for 9,616 SF
Gross rent
$129.2K $13.44/SF
− Vacancy
−$14.2K −$1.48/SF
EGI
$115.0K $11.96/SF
− OpEx
−$28.8K −$2.99/SF
NOI
$86.3K $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%
$1,725,340
Cap Rate 7%
$1,232,386
Cap Rate 9%
$958,522
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,267 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.09M
$2.71M – $3.61M
NOI $216,568 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
7
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 08550, NJ
21,034
Population
7,839
Households
2.7
Avg Household Size
43
Median Age
84%
College-Educated
99%
High-School Grad
19.1 sq mi
ZIP Area
1,101
Density / Sq Mi
$206,658
Median Household Income
$121,740
Median Earnings
$2,694
Median Rent
$758,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Mercer County, NJ
Properties on Market for Office buildings in Mercer County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Seven suites include six leased spaces, with potential availability for an owner-user.
Where is this office building located?
The property is located at 37 Station Drive West Windsor, NJ.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: 9,616‑square‑foot, two‑story office building with 7 suites; 6 of 7 suites are rented; potential space for an owner‑user; 0.67 acres across 2 separate lots
