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    Two-Story Office Building For Sale Title is generated by Realmo AI

    684 Whitehead Rd, Lawrence Township, NJ 08648

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    9,800 SF office building with easy access to major cities.

    Type:Office
    Property size:
    9,800 SF
    Price / SF:
    $158/SF
    Added:
    Oct 26, 2022
    Days on Market:
    1351
    Last Refresh:
    Jul 4 at 10:47 am

    Property Features for 684 Whitehead Rd

    General Information

    Standard status
    Active
    Size
    9,800 SF
    Property subtype
    Office

    Building Details

    Year Built
    1967

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    Jerry Fennelly
    Jerry Fennelly

    Listing office Fennelly Associates, Inc

    Listing date Oct 26, 2022

    Source Crexi

    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 Fennelly Associates, Inc

    HighLights

    • Excellent Location: Easy access to Trenton, Philadelphia, New York, and Princeton, plus five minutes to Hamilton Train Station.
    • Ample Parking: 35 parking spaces available.
    • New HVAC System: Benefit from a brand new, efficient HVAC system.
    • Convenient Utilities: Includes electric, gas, water, sewer, and cable (Verizon and Comcast).
    • Prime Location on Business Route 1: High visibility and accessibility.
    • Close Proximity to Restaurants: Enjoy the convenience of nearby dining options.

    Overview

    This 9,800 square foot, two-story office building is available for sale. The property is zoned O - Office and includes 35 parking spaces. Utilities available at the property include electric, gas, water, sewer, and cable (Verizon and Comcast). A brand new HVAC system has been installed. The property is located on Business Route 1, offering convenient access to Trenton, Philadelphia, New York, and Princeton. Additionally, the Hamilton Train Station is located five minutes away. The annual property taxes are $30,575.28. Restaurants are located in close proximity to the building.

    Local 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 $131.7k $13.44
    − Vacancy −$14.5k −$1.48
    EGI $117.2k $11.96
    − OpEx −$29.3k −$2.99
    NOI $87.9k $8.97
    9,800 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.26M
    $1.10M – $1.47M (±1% cap)
    NOI $87,918 @ 7.0% cap · market cap 5.67%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $3.15M
    $2.76M – $3.68M (±1% cap)
    NOI $220,712 @ 7.0% cap · market cap 14.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Pharmacy Discount Store Hotel & Motel Parking Lot & Garage Storage Facility Bar & Pub (Bike/Boat/Book/etc) Store Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence Township
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.732592
    Latitude
    40.252117

    FAQs

    What type of property is this?
    Office building - 9,800 SF office building with easy access to major cities.
    Where is this office building located?
    The property is located at 684 Whitehead Rd Lawrence Township, NJ.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Excellent Location: Easy access to Trenton, Philadelphia, New York, and Princeton, plus five minutes to Hamilton Train Station.; Ample Parking: 35 parking spaces available.; New HVAC System: Benefit from a brand new, efficient HVAC system.
    More about this property
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