Building Details

Year Built 1965

Listing Agency: Weichert Realtors-Princeton Junction

Listed By: Joseph Miczak · License #1970766 Show Phone

Source: Soldbypattie

Added: Mar 27 Changed: Sep 25 Last Checked: Oct 5 at 7:54PM

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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 Weichert Realtors-Princeton Junction

Investment Insights

Based on property information with market context.

Two adjacent parcels, totaling approximately 1.3 acres, are available on Quakerbridge Road. The properties are zoned NC-2 Neighborhood Commercial, and existing homes are currently situated on both lots. The site is suitable for redevelopment, including office, retail, medical, or service businesses, subject to township approvals. The location offers strong road frontage and visibility along a major commercial corridor. The properties are to be sold together.

Key Highlights

• 1.3 acres of land on Quakerbridge Rd.
• Zoned NC‑2 Neighborhood Commercial.
• Ideal for redevelopment (office, retail, medical, service).

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,816

Cap Rate

2.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,196,320 $1.2M

Cap Rate 7%

$854,514 $854.5K

Cap Rate 9%

$664,622 $664.6K

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$89.8K $22.44/SF

− Vacancy

−$4.3K −$1.08/SF

EGI

$85.5K $21.36/SF

− OpEx

−$25.6K −$6.41/SF

NOI

$59.8K $14.95/SF

Area

Mercer County, NJ

Vacancy

4.80%

Lease Rate

$22.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,196,320

Cap Rate 7%

$854,514

Cap Rate 9%

$664,622

Alternative Uses

Best Use

Retail

$854.5K

$747.7K – $996.9K (±1% cap)

NOI $59,816 @ 7.0% cap · market cap 2.85%

Second Best

Office B

$512.6K

$448.6K – $598.1K (±1% cap)

NOI $35,885 @ 7.0% cap · market cap 1.71%

Theoretical Best

Warehouse

$1.29M

$1.13M – $1.50M (±1% cap)

NOI $90,086 @ 7.0% cap · market cap 4.29%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store HVAC Service Auto Repair Shop Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

247

Businesses Nearby

Explore this area Business Placement

Demographics for 08648, NJ

31,955

Population

12,217

Households

2.6

Avg Household Size

40

Median Age

60%

College-Educated

92%

High-School Grad

16.7 sq mi

ZIP Area

1,913

Density / Sq Mi

$118,036

Median Household Income

$54,833

Median Earnings

$1,953

Median Rent

$395,400

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Commercial land - Two adjacent parcels totaling 1.3 acres on Quakerbridge Rd.

Where is this commercial land located?

The property is located at 4032 Quakerbridge Rd Lawrence Twp, NJ.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: 1.3 acres of land on Quakerbridge Rd.; Zoned NC‑2 Neighborhood Commercial.; Ideal for redevelopment (office, retail, medical, service).