Office Building with
New
For Sale
$1,350,000
466 CHURCH STREET, Hamilton Twp, NJ 08620
Commercial office property with central air, on-site parking, and a sizable land component for future planning.
Property Size7,700 SF
Lot Size0.75 Acres
Price / SF$175.32
Days on Market6
Property Features for 466 CHURCH STREET
General Information
Standard status
Active
Size
7,700 SF
Lot size
0.75 Acres
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$17,212
Amenities
Central Air
Parking.
Lot.
Other.
Building Details
Year Built
1890
Listing Agency:
Epique Realty
(888) 893-3537
Listed By:
Kevin Beetel
(609) 209-7514
Source:
Xome
Added: Sep 6
Changed: Sep 9
Last Checked: Sep 10 at 5:47AM
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 Epique Realty
Investment Insights
Based on property information with market context.
This office property includes approximately 7,700 square feet of building area on a 0.75-acre lot. Constructed in 1890, the building is equipped with central air and is accompanied by a parking lot, providing practical support for occupants and visitors.
The property is located at 466 Church Street in Hamilton Township, New Jersey, with convenient access to the on-site parking area. Its combination of office space, land, central air, and an established building structure creates a flexible commercial asset for consideration.
The property is located at 466 Church Street in Hamilton Township, New Jersey, with convenient access to the on-site parking area. Its combination of office space, land, central air, and an established building structure creates a flexible commercial asset for consideration.
Key Highlights
- Approximately 7,700 square feet of office building area
- 0.75‑acre lot
- Constructed in 1890
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
$69,078
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
5.12%
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%
$1,381,560
$1.4M
Cap Rate 7%
$986,829
$986.8K
Cap Rate 9%
$767,533
$767.5K
Market Conditions
NOI Build-Up for 7,700 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
$103.5K $13.44/SF
− Vacancy
−$11.4K −$1.48/SF
EGI
$92.1K $11.96/SF
− OpEx
−$23.0K −$2.99/SF
NOI
$69.1K $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 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%
$1,381,560
Cap Rate 7%
$986,829
Cap Rate 9%
$767,533
Alternative Uses
Best Use
Office B
$986.8K
$863.5K – $1.15M
NOI $69,078 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.48M
$2.17M – $2.89M
NOI $173,416 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 08620, NJ
14,633
Population
4,195
Households
3.5
Avg Household Size
34
Median Age
29%
College-Educated
91%
High-School Grad
9.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$108,732
Median Household Income
$43,958
Median Earnings
$1,490
Median Rent
$341,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Commercial office property with central air, on-site parking, and a sizable land component for future planning.
Where is this office building located?
The property is located at 466 CHURCH STREET Hamilton Twp, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approximately 7,700 square feet of office building area; 0.75‑acre lot; Constructed in 1890
