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    29 Thanet Cir Princeton, NJ 08540

    Sponsored
    For Lease
    $28 SF/Yr

    Class A Office Space, 48,167 SF Available

    Lot size:
    48,167 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, located at 29 Thanet Circle in Princeton, New Jersey, offers 48,167 square feet of versatile space ideal for executive or medical office uses. The two-story building sits on a generous 9.26 acres of land and boasts 175 surface parking spaces, ensuring ample convenience for tenants and visitors. Originally constructed in 1974, the property underwent a significant renovation in 2006, maintaining its high-quality standards. The building is zoned OR2 Office Research, providing flexibility for a range of professional businesses. Utilities are serviced by PSE&G, with a substantial 1,600 AMP electrical service. The property's location in Mercer County, New Jersey, offers easy access to major transportation routes and a thriving business community. The building is currently fully vacant, presenting a unique opportunity for a single tenant or multiple tenants to occupy the entire space. Annual property taxes are $111,584.25. This is a prime opportunity to acquire a well-maintained, spacious, and strategically located office building in a highly desirable area. The property's size and amenities make it suitable for a variety of uses, from large corporate headquarters to medical practices requiring substantial space. The ample parking and convenient location add to its overall appeal.

    Property Features for 29 Thanet Cir

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,167 SF
    Class
    A
    Total Rate
    112389.67

    Building Details

    Year Built/Renovated
    1974/2006
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Space 1, 1st floor
    Size
    14,014 SF
    Rate per SF
    $28
    Space
    Space 1, 1st floor
    Size
    8,641 SF
    Rate per SF
    $28
    Space
    Space 2, 2nd floor
    Size
    7,643 SF
    Rate per SF
    $28
    Space
    Space 2, 2nd floor
    Size
    10,240 SF
    Rate per SF
    $28
    Space
    Space 1, 1st floor
    Size
    7,629 SF
    Rate per SF
    $28

    HighLights

    • Excellent Princeton, NJ location with easy access to Routes 1, 206, and 27.
    • Suitable for general, medical, and research/laboratory uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.651044
    Latitude
    40.369456

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    FAQs

    What type of property is this?
    Medical office - Class A Office Space, 48,167 SF Available
    Where is this medical office located?
    The property is located at 29 Thanet Cir Princeton, NJ.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Excellent Princeton, NJ location with easy access to Routes 1, 206, and 27.; Suitable for general, medical, and research/laboratory uses.;
    Request Owner's contact information
    29 Thanet Cir Princeton, NJ 08540
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    Princeton, NJ 08540
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    Realmo Value Estimation

    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.

    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.

    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
    29 Thanet Cir Princeton, NJ 08540
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