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    Princeton Junction Office/Medical Complex Title is generated by Realmo AI

    231 Clarksville Rd, West Windsor Township, NJ 08550

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    27,773 SF office/medical complex near Princeton Junction Train Station.

    Type:Office, Retail
    Property size:
    27,773 SF
    Price / SF:
    $156/SF
    Added:
    Jul 1, 2020
    Days on Market:
    2167
    Last Refresh:
    May 19 at 8:46 pm

    Property Features for 231 Clarksville Rd

    General Information

    Standard status
    Active
    Size
    27,773 SF
    Property subtype
    Office, Retail

    Building Details

    Year Built
    1986

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    Listing Contact
    Jerry Fennelly

    Listing agent Jerry Fennelly License #NJ 8131550

    Listing office Fennelly Associates, Inc

    Listing date Jul 1, 2020

    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 Fennelly Associates, Inc

    HighLights

    • Walk to Princeton Junction Train Station for easy access to NYC & Philadelphia
    • 27,773 SF Office/Medical Complex
    • 110 Parking Spaces available
    • Located in the Heart of Princeton Junction, Mercer County NJ
    • Close to Route 1 and Route 130
    • Nearby Amenities include Shopping Center, Quakerbridge Mall, Market Fair, Mercer Mall

    Overview

    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.

    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 (±1% cap)
    NOI $385,662 @ 7.0% cap · market cap 8.87%
    Second Best
    Office B
    $3.56M
    $3.11M – $4.15M (±1% cap)
    NOI $249,157 @ 7.0% cap · market cap 5.73%
    Theoretical Best
    Warehouse
    $8.94M
    $7.82M – $10.42M (±1% cap)
    NOI $625,492 @ 7.0% cap · market cap 14.38%
    Zoning and permitted uses should be independently verified with local authorities.
    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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Pharmacy Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Windsor Township
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.6391755
    Latitude
    40.3006211

    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
    More about this property
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