Princeton Junction Office/Medical
231 Clarksville Rd West Windsor Township, NJ 08550
231 Clarksville Rd, West Windsor Township, NJ, 08550
Contact for pricing
For Sale
Contact for pricing
27,773 SF office/medical complex near Princeton Junction Train Station.
Property Size27,773 SF
Price / SF$156.63
Days on Market2212
Property Features for 231 Clarksville Rd
General Information
- Standard status
- Active
- Size
- 27,773 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1986
Listing agency
Fennelly Associates, Inc
Listed by
Jerry Fennelly · License #NJ 8131550
Source
Crexi
Added: Jul 1, 2020 Updated: Jul 10 at 11:17AM Checked: Jul 19 at 5:01AM
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
Investment Insights
Based on property information with market context.
This 27,773 square foot office and medical complex is located in the heart of Princeton Junction in Mercer County, New Jersey. The property is situated within walking distance of the Princeton Junction Train Station and is approximately 15 minutes from Princeton. The building features operable windows and separate mechanical systems. There are 110 parking spaces available. The location offers convenient access to Route 1 and Route 130. Nearby amenities include a shopping center adjacent to the building with food, entertainment, and daycare options, as well as Quakerbridge Mall, Market Fair, and Mercer Mall. The property is a four-minute drive from US Route 1 and provides access to the Northeast Corridor Line, offering access to New York City and Philadelphia. The property is located in Block 10, Lot 19 and is zoned ROM4. Taxes are $98,030.39.
Key Highlights
- Walk to Princeton Junction Train Station for easy access to NYC & Philadelphia
- 27,773 SF Office/Medical Complex
- 110 Parking Spaces available
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 | $819.9k | $29.52 |
| − Vacancy | −$177.1k | −$6.38 |
| EGI | $642.8k | $23.14 |
| − OpEx | −$257.1k | −$9.26 |
| NOI | $385.7k | $13.89 |
27,773 SF · lease $29.52/SF/yr · vacancy 21.60% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$5.51M
$4.82M – $6.43M
NOI $385,662 @ 7.0% cap · market cap 8.87%
Second Best
Office B
$3.56M
$3.11M – $4.15M
NOI $249,157 @ 7.0% cap · market cap 5.73%
Theoretical Best
Warehouse
$8.94M
$7.82M – $10.42M
NOI $625,492 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mcbride Greg Lcadc ...
Social Service Agency
Enerex | Retail Energy's ...
(Bike/Boat/Book/etc) Store
Gregory H. Moore, ...
Physician
Dr. Sheila Josephs
Physician
Garson Eliot E ...
Physician
FAQs
What type of property is this?
Medical Office Space - 27,773 SF office/medical complex near Princeton Junction Train Station.
Where is this medical office space located?
The property is located at 231 Clarksville Rd West Windsor Township, NJ.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Walk to Princeton Junction Train Station for easy access to NYC & Philadelphia; 27,773 SF Office/Medical Complex; 110 Parking Spaces available
