Three-Story Rehabilitation
728 Bunn Drive Princeton, NJ 08540
New
Three-story institutional building with 72 patient rooms and approvals for 102 beds on a secluded campus.
Type:Special Purpose
Property size:
67,000 SFLot size:
6.27 AcresPrice / SF:
$225/SF- Added:
- Jul 7, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 9 at 2:36 am
Property Features for 728 Bunn Drive
General Information
- Standard status
- Active
- Size
- 67,000 SF
- Lot size
- 6.27 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2000
Listing office Wolf Commercial Real Estate New Jersey (856) 857-6300
Listing date Jul 7, 2026
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 Wolf Commercial Real Estate New Jersey
Investment Insights
Based on property information with market context.
The property at 728 Bunn Drive is a +/- 67,000-square-foot, three-story institutional building on a 6.27-acre secluded campus. Built in 2000, it is designed for healthcare operations and is currently configured with 72 patient rooms, with approval for 102 beds and potential to expand to 144. Plumbing is run to each individual room, and the interior layout contains no load-bearing walls, allowing for flexible reconfiguration of the floor plan. The facility is fully sprinklered and ADA compliant and includes two elevators. A commercial-grade kitchen is included with an 8' x 10' walk-in refrigerator.
The property is located along Bunn Drive in the northern section of Princeton, with convenient access to the region’s primary commuter routes and commercial corridors. It is minutes from downtown Princeton and Princeton University.
Zoning is OR-1, and the property benefits from an approved D(3) variance and a site plan waiver permitting use as a substance abuse rehabilitation facility.
The property is located along Bunn Drive in the northern section of Princeton, with convenient access to the region’s primary commuter routes and commercial corridors. It is minutes from downtown Princeton and Princeton University.
Zoning is OR-1, and the property benefits from an approved D(3) variance and a site plan waiver permitting use as a substance abuse rehabilitation facility.
Key Highlights
- Three‑story institutional building built in 2000 on a 6.27‑acre secluded campus at 728 Bunn Drive (Princeton, NJ).
- Currently 72 patient rooms, with approval for 102 beds and potential to expand to 144.
- OR‑1 T zoning with an approved D(3) variance and a site plan waiver for use as a substance abuse rehabilitation facility.
Local Financial Insights For Healthcare Medical
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 | $1.98M | $29.52 |
| − Vacancy | −$427.2k | −$6.38 |
| EGI | $1.55M | $23.14 |
| − OpEx | −$620.3k | −$9.26 |
| NOI | $930.4k | $13.89 |
67,000 SF · lease $29.52/SF/yr · vacancy 21.60% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$13.29M
$11.63M – $15.51M
NOI $930,376 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$21.56M
$18.86M – $25.15M
NOI $1,508,947 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Princeton Care Center#
Nursing Home
Rock Steady Boxing ...
Wellness Program
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FAQs
What type of property is this?
Rehabilitation center - Three-story institutional building with 72 patient rooms and approvals for 102 beds on a secluded campus.
Where is this rehabilitation center located?
The property is located at 728 Bunn Drive Princeton, NJ.
What is the asking price?
The asking price for this property is $15,075,000.
What are key features of this property?
This property features: Three‑story institutional building built in 2000 on a 6.27‑acre secluded campus at 728 Bunn Drive (Princeton, NJ).; Currently 72 patient rooms, with approval for 102 beds and potential to expand to 144.; OR‑1 T zoning with an approved D(3) variance and a site plan waiver for use as a substance abuse rehabilitation facility.
