Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    48 Carter Rd Princeton, NJ 08540

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Recently renovated school in affluent Princeton market.

    Property size:
    7,200 SF
    Lot size:
    2.67 Acres

    Property Features for 48 Carter Rd

    General Information

    Standard status
    Active
    Size
    7,200 SF
    Lot size
    2.67 Acres

    We can help!

    Listing Contact
    Alex Geanakos
    Source: Crexi

    Listing Agency: JLL - New York City, New York Listing Agent: Alex Geanakos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Princeton Apple Montessori School For Sale

    The property offered for sale is an Apple Montessori School located in Princeton, NJ. The property is a recently renovated, purpose-built facility totaling 7,200 square feet. Situated in a highly affluent, family-oriented region, the property is 100% occupied by Apple Montessori Schools, New Jersey’s largest and longest-operating Montessori school network, with over 50 years of experience. Founded in 1972, Apple operates over 20 locations statewide. Located in the affluent Princeton market, the property benefits from proximity to Route 206 and downtown Lawrenceville, serving a high-income community with exceptional demographic fundamentals. The custom-built school sits on a 2.67-acre campus featuring a spacious outdoor playground, securely fenced grounds, and a newly constructed swimming pool. The Tenant will commit to a 15-year initial lease term with an absolute triple-net lease structure and rent escalations of the lesser of CPI or 2.0% annually, creating an attractive passive income opportunity for single-tenant investors who seek growing, long-term cash flow backed by established and reputable tenancy. The Tenant will also commit to a corporate guaranty backstopping the lease.
    Location Intelligence

    Current Use by Public Records

    Apple Montessori Schools ... High School

    Suggested Use

    Law Firm Building Supply Spa & Massage Center Dental Office Hotel & Motel Gym & Fitness Center Grocery & Convenience Store Garden Center Daycare Center Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.714021
    Latitude
    40.3161917

    Nearby Similar for Sale

    • $289,000

      Established Japanese Restaurant in Princeton

      Authentic Japanese restaurant for sale in the heart of Princeton.
      W 11 Chambers St, Princeton, NJ 08542
      View Details
    • $6,500,000

      Fully Leased Medical Investment Property

      Class A building with long-term NNN leases in Princeton, NJ.
      16 Chambers St, Princeton, NJ 08542
      View Details
    • $1,600,000
      7.96 Acres

      Franklin, NJ Income-Generating Property

      7.96-acre property with rental income near Route 1 corridor.
      4271 Route 27, Princeton, NJ 08540
      View Details
    • $1,750,000

      Princeton Mixed-Use Investment Opportunity

      Mixed-use property with income and upside potential in Princeton.
      200/204 N Harrison St, Princeton, NJ 08540
      View Details
    • Contact for pricing
      4,761 SF

      Loft-Style Office Building for Rent

      Three-story, 4,761 SF office building near Princeton University.
      3 Mapleton Rd, Princeton, NJ 08540
      View Details
    • Contact for pricing

      Regional Retail Opportunity in Princeton

      Rare big box retail space in a high-traffic regional center.
      101 Nassau Park Blvd, Princeton, NJ 08540
      View Details
    • $6,750,000
      7,643 SF

      Medical Office Space For Rent

      Medical office space with flexible floor plans and ample parking.
      29 Thanet Rd, Princeton, NJ 08540
      View Details
    • $3,000,000
      21,164 SF

      Princeton Warehouse with Loading Docks

      21,164 SF warehouse on 3 acres with loading docks.
      880 Alexander Rd, Princeton, NJ 08540
      View Details
    • $3,750,000
      0.11 Acres

      Princeton Mixed-Use Investment Opportunity

      Shovel-ready, multi-use property in prime Princeton location.
      70-74 Witherspoon St, Princeton, NJ 08542
      View Details
    • $6,750,000
      48,167 SF

      29 Thanet Cir

      Medical Office Space • 48,167 SF
      29 Thanet Cir, Princeton, NJ 08540
      View Details
    • Contact for pricing
      4,600 SF

      Princeton Office Building For Sale

      Office building with 4,600 square feet of space.
      10 Jefferson Plz, Princeton, NJ 08540
      View Details
    • Contact for pricing
      21,164 SF

      Princeton Industrial Facility with Solar

      Turnkey industrial property with solar, convenient access to major routes.
      880 Alexander Rd, Princeton, NJ 08540
      View Details

    FAQs

    What type of property is this?
    School - Recently renovated school in affluent Princeton market.
    Where is this school located?
    The property is located at 48 Carter Rd Princeton, NJ.
    What are key features of this property?
    This property features: - 15-year absolute triple-net lease with annual rent escalations (lesser of CPI or 2.0%) provides long-term, passive income.; - Corporate guaranty from Apple Montessori Schools, New Jersey’s largest and longest-operating Montessori school network.; - Located in affluent Princeton market with high average household income ($361K+) and strong demographics.
    Request Owner's contact information
    48 Carter Rd Princeton, NJ 08540
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    48 Carter Rd
    Princeton, NJ 08540
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    48 Carter Rd Princeton, NJ 08540
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Alex Geanakos
    Real Estate License ID: IL:#475.189621
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!