Three-Story Nursing
For Sale
Contact for pricing
728 Bunn Dr, Princeton, NJ 08540
Institutional healthcare facility with elevator service, fire protection, and a commercial kitchen.
Property Size67,000 SF
Price / SF$225
Days on Market61
Property Features for 728 Bunn Dr
General Information
Standard status
Active
Size
67,000 SF
Property subtype
OFFICE
Zoning
OR-1 T District
Additional Details
Sprinkler System
Yes
Amenities
Two elevators
Commercial-grade kitchen equipped with 8' x 10' walk-in refrigerator
Building Details
Year Built
2000
Buildings
1
Stories
3
Listing Agency:
Wolf Commercial Real Estate, LLC/CORFAC International | New Jersey
(856) 857-6300
Listed By:
Jason M. Wolf · License ##RM422074
(215) 588-8800
Source:
Moodyscre
Added: Aug 7
Changed: Sep 14
Last Checked: Oct 5 at 8:20PM
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, LLC/CORFAC International | New Jersey
Investment Insights
Based on property information with market context.
This institutional healthcare property is a three-story nursing home completed in 2000. The building contains 72 rooms and is approved for 103 beds, with expansion capacity to 144 beds. Two elevators support vertical circulation, while a fully sprinklered system provides building-wide fire protection. The commercial-grade kitchen includes an 8′ x 10′ walk-in refrigerator.
The facility is located at 728 Bunn Dr in Princeton, New Jersey. Current zoning is OR-1 T District, with a D(3) approved variance. The combination of existing healthcare improvements, licensed bed capacity, and expansion provisions supports continued use as a nursing home or related institutional healthcare facility.
The facility is located at 728 Bunn Dr in Princeton, New Jersey. Current zoning is OR-1 T District, with a D(3) approved variance. The combination of existing healthcare improvements, licensed bed capacity, and expansion provisions supports continued use as a nursing home or related institutional healthcare facility.
Key Highlights
- 72 rooms; approved for 103 beds with expansion capacity to 144 beds
- 67,000 square feet across a three‑story building
- Built in 2000 with a fully sprinklered system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,022,588
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,451,760
$20.5M
Cap Rate 7%
$14,608,400
$14.6M
Cap Rate 9%
$11,362,089
$11.4M
Market Conditions
NOI Build-Up for 67,000 SF
Gross rent
$2.01M $30.00/SF
− Vacancy
−$150.8K −$2.25/SF
EGI
$1.86M $27.75/SF
− OpEx
−$836.7K −$12.49/SF
NOI
$1.02M $15.26/SF
Area
Mercer County, NJ
Vacancy
7.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,451,760
Cap Rate 7%
$14,608,400
Cap Rate 9%
$11,362,089
Alternative Uses
Best Use
Apartment 5plus
$14.61M
$12.78M – $17.04M
NOI $1,022,588 @ 7.0% cap · market cap 6.78%
Second Best
Healthcare Medical
$13.29M
$11.63M – $15.51M
NOI $930,376 @ 7.0% cap · market cap 6.17%
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 authorities.
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Balanced
Demand for This Use
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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Similar Off Market Nearby
- Princeton Care Center# — 728 Bunn Dr, Princeton, NJ 08540
Frequently Asked Questions
What type of property is this?
Nursing home - Institutional healthcare facility with elevator service, fire protection, and a commercial kitchen.
Where is this nursing home located?
The property is located at 728 Bunn Dr 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: 72 rooms; approved for 103 beds with expansion capacity to 144 beds; 67,000 square feet across a three‑story building; Built in 2000 with a fully sprinklered system
