Freestanding Office Building with
37 Station Drive West Windsor, NJ 08550
For Sale
$2,399,000
COMMERCIAL - West Windsor, NJ
Property Size9,616 SF
Lot Size0.67 Acres
Price / SF$249.48
Days on Market24
Property Features for 37 Station Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- ROM2
- Parking
- 73
- Interior features
- Refrigeration
- Appliances
- Refrigeration
- Standard status
- Active
- APN
- 1300006000000010
- Size
- 9,616 SF
- Lot size
- 0.67 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 22414
Utilities
- Sewer type
- Public Sewer
- Heating system
- Radiant, Baseboard
- Cooling system
- Central Air
- Water source
- Public, Private
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Flooring type
- Tile, Linoleum, Wood
- Building materials
- Block, Stucco
- Roof type
- Asphalt
Listing Agency:
DAVIS REALTORS
(732) 254-6700
Listed By:
Brian Walsh
(732) 254-6700
Added: Jul 1
Changed: Jul 7
Last Checked: Jul 24 at 10:06PM
MLS# 2700031R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale: a freestanding, two-story office building totaling 9,616 square feet and configured into seven separate suites, with six currently rented. The property includes dedicated on-site parking with 73 total spaces, including 40 daily rental spots operated through a secondary parking lot. The parking lot is currently being rented to a daily park operator, which provides additional income.
The building is positioned at the entrance to the Princeton Junction Train Station. The property is described as within minutes of downtown Princeton, Penn Medicine Hospital, and Princeton University, and the parking lot is noted as newly paved. The roof and facade are described as upgraded with a newer roof and facade, and the property includes separate electric and gas meters for each tenant.
Zoned ROM-2, the property sits on 0.67 acres between two separate lots. Listing details note potential vacancy for an owner-occupier and the ability for new ownership to collect parking-related income or operate the parking business directly.
The building is positioned at the entrance to the Princeton Junction Train Station. The property is described as within minutes of downtown Princeton, Penn Medicine Hospital, and Princeton University, and the parking lot is noted as newly paved. The roof and facade are described as upgraded with a newer roof and facade, and the property includes separate electric and gas meters for each tenant.
Zoned ROM-2, the property sits on 0.67 acres between two separate lots. Listing details note potential vacancy for an owner-occupier and the ability for new ownership to collect parking-related income or operate the parking business directly.
Key Highlights
- 9,616 SF freestanding, two‑story office building configured with 7 suites (6 currently rented).
- 0.67 total acres across 2 separate lots with 73 parking spaces, including 40 daily rental parking spots.
- Secondary parking lot provides daily rental income; the new owner can collect passive income or operate the parking business.
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 | $129.2k | $13.44 |
| − Vacancy | −$14.2k | −$1.48 |
| EGI | $115.0k | $11.96 |
| − OpEx | −$28.8k | −$2.99 |
| NOI | $86.3k | $8.97 |
9,616 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office building - Freestanding two-story office building with seven suites and abundant on-site parking, near Princeton Junction Station.
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 SF freestanding, two‑story office building configured with 7 suites (6 currently rented).; 0.67 total acres across 2 separate lots with 73 parking spaces, including 40 daily rental parking spots.; Secondary parking lot provides daily rental income; the new owner can collect passive income or operate the parking business.
