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    100 Campus Town Cir Ewing Township, NJ 08618

    Sponsored
    For Lease
    $26 SF/Yr

    Ewing, NJ: Prime Retail Medical Opportunity

    Lot size:
    83,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional retail medical property, located at 100-500 Campus Town Circle in Ewing, NJ 08638, presents a unique investment opportunity. The Shoppes at Campus Town comprises two buildings totaling 83,000 square feet, offering multiple tenancy options. Currently, there are two available suites totaling 4,036 square feet of vacant space. One suite, #103, offers 550 square feet of ready-to-occupy space. The second, suite #503-504, provides 5,729 square feet of shell space, divisible into two units of 2,200 and 3,529 square feet, allowing for flexible configurations to suit various business needs. This retail center benefits from a strategic location on the edge of The College of New Jersey (TCNJ) along Route 31, providing direct access to a substantial student, faculty, and staff population exceeding 10,000. Its proximity to Princeton South Corporate Park, Capital Health Systems, Merrill Lynch, and Rider College (with over 5,800 students, faculty, and staff) further enhances its market reach and potential. The upper floors of the complex house private off-campus student housing for TCNJ, managed and maintained on-site, creating a vibrant and active community atmosphere. This property offers a compelling combination of high visibility, convenient access, and a strong demographic base, making it an ideal location for a variety of retail and medical businesses.

    Property Features for 100 Campus Town Cir

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    83,000 SF
    Total Rate
    179833.33

    Building Details

    Buildings
    2

    Unit(s) available at that property

    Space
    Suite 503
    Size
    1,836 SF
    Rate per SF
    $26
    Space
    Suite 504
    Size
    2,200 SF
    Rate per SF
    $26

    We can help!

    Listing Contact
    Jerry Fennelly
    Jerry Fennelly

    Learn more

    HighLights

    • 83,000 SF retail center with two buildings.
    • Two available retail suites totaling approximately 6,279 SF.
    • Suite 103: 550 SF.
    • Suite 503‑504: 5,729 SF shell space, divisible into 2,200 SF and 3,529 SF units.
    • Located near The College of New Jersey (TCNJ) with over 10,000 students, faculty, and staff.
    • Less than one mile from Princeton South Corporate Park, offering access to major employers including Capital Health Systems, Merrill Lynch, and Rider University.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ewing Township
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7835104
    Latitude
    40.2686254

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    FAQs

    What type of property is this?
    Retail property - Ewing, NJ: Prime Retail Medical Opportunity
    Where is this retail property located?
    The property is located at 100 Campus Town Cir Ewing Township, NJ.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 83,000 SF retail center with two buildings.; Two available retail suites totaling approximately 6,279 SF.; Suite 103: 550 SF.
    Request Owner's contact information
    100 Campus Town Cir Ewing Township, NJ 08618
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    Ewing Township, NJ 08618
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    100 Campus Town Cir Ewing Township, NJ 08618
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    We can help!
    Listing Contact
    Jerry Fennelly
    Jerry Fennelly
    Real Estate License ID: NJ 8131550
    Learn more
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