Office Building with Heavy
For Sale
Contact for pricing
707 Alexander Rd, Princeton, NJ 08540
Office building featuring separate HVAC systems, large bathrooms, and heavy 1,200-amp electrical service.
Property Size15,955 SF
Price / SF$250
Days on Market442
Property Features for 707 Alexander Rd
General Information
Standard status
Active
Size
15,955 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Heavy Power
Yes
Amenities
Large Bathrooms
Multiple Exits
Separate HVAC Systems
Across the Street from Princeton Hyatt
Walkable to Princeton Junction Train Station Commuter Rail (NEC Corridor)
One Mile from Princeton University
Listing Agency:
Fennelly Associates
(609) 520-0061
Listed By:
Gerard J. Fennelly
(609) 306-3158
Source:
Moodyscre
Added: Aug 12, 2025
Changed: Oct 26
Last Checked: Oct 26 at 8:07PM
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
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Investment Insights
Based on property information with market context.
This office building offers a functional floor configuration with drop ceiling heights of 9’6” and deck height of 17’, along with large bathrooms and multiple exits. The building is supported by separate HVAC systems and heavy power service totaling 1,200 amps.
Parking is available at approximately 4 cars per 1,000 square feet. The property is across the street from the Princeton Hyatt and within walking distance of Princeton Junction Train Station commuter rail service on the NEC Corridor. Additional access includes proximity to NJ Turnpike, I-95, and Route 1.
Overall, the combination of separate climate control, ample electrical capacity, and multiple egress points supports a variety of office uses seeking reliable infrastructure.
Parking is available at approximately 4 cars per 1,000 square feet. The property is across the street from the Princeton Hyatt and within walking distance of Princeton Junction Train Station commuter rail service on the NEC Corridor. Additional access includes proximity to NJ Turnpike, I-95, and Route 1.
Overall, the combination of separate climate control, ample electrical capacity, and multiple egress points supports a variety of office uses seeking reliable infrastructure.
Key Highlights
- Office building with separate HVAC systems
- Heavy electrical service: 1,200 amps
- Large bathrooms and 9’6” drop ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,135
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,862,700
$2.9M
Cap Rate 7%
$2,044,786
$2.0M
Cap Rate 9%
$1,590,389
$1.6M
Market Conditions
NOI Build-Up for 15,955 SF
Gross rent
$214.4K $13.44/SF
− Vacancy
−$23.6K −$1.48/SF
EGI
$190.8K $11.96/SF
− OpEx
−$47.7K −$2.99/SF
NOI
$143.1K $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 Rate 5%
$2,862,700
Cap Rate 7%
$2,044,786
Cap Rate 9%
$1,590,389
Alternative Uses
Best Use
Office B
$2.04M
$1.79M – $2.39M
NOI $143,135 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$5.13M
$4.49M – $5.99M
NOI $359,332 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 08540, NJ
48,216
Population
19,255
Households
2.5
Avg Household Size
41
Median Age
82%
College-Educated
98%
High-School Grad
51.7 sq mi
ZIP Area
933
Density / Sq Mi
$169,898
Median Household Income
$80,357
Median Earnings
$2,083
Median Rent
$723,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office building featuring separate HVAC systems, large bathrooms, and heavy 1,200-amp electrical service.
Where is this office building located?
The property is located at 707 Alexander Rd Princeton, NJ.
What is the asking price?
The asking price for this property is $3,988,750.
What are key features of this property?
This property features: Office building with separate HVAC systems; Heavy electrical service: 1,200 amps; Large bathrooms and 9’6” drop ceilings
