Three-Story Rehabilitation
For Sale
Contact for pricing
728 Bunn Drive, Princeton, NJ 08540
Three-story institutional building with 72 patient rooms and approvals for 102 beds on a secluded campus.
Property Size67,000 SF
Lot Size6.27 Acres
Price / SF$186.57
Days on Market99
Property Features for 728 Bunn Drive
General Information
Standard status
Active
Size
67,000 SF
Class
A
Lot size
6.27 Acres
Property subtype
Office, Special Purpose
Zoning
OR-1 T District
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Sprinkler System
Yes
Commercial Hood
Yes
Building Details
Year Built
2000
Year Renovated
2023
Buildings
1
Stories
3
Units
72
Tenancy
Single
Listing Agency:
Wolf Commercial Real Estate New Jersey
Listed By:
Jason Wolf · License #NJ 9696397
(856) 857-6300
Source:
Crexi
Added: Jul 7
Changed: Oct 10
Last Checked: Oct 12 at 6:24PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$930,376
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,607,520
$18.6M
Cap Rate 7%
$13,291,086
$13.3M
Cap Rate 9%
$10,337,511
$10.3M
Market Conditions
NOI Build-Up for 67,000 SF
Gross rent
$1.98M $29.52/SF
− Vacancy
−$427.2K −$6.38/SF
EGI
$1.55M $23.14/SF
− OpEx
−$620.3K −$9.26/SF
NOI
$930.4K $13.89/SF
Area
Mercer County, NJ
Vacancy
21.60%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$18,607,520
Cap Rate 7%
$13,291,086
Cap Rate 9%
$10,337,511
Alternative Uses
Best Use
Healthcare Medical
$13.29M
$11.63M – $15.51M
NOI $930,376 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$21.56M
$18.86M – $25.15M
NOI $1,508,947 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
398
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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Frequently Asked Questions
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 $12,500,000.
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.
