Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    34 Franklin Corner Rd Lawrence Township, NJ 08648

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $675,000

    5,000 square foot office building in Lawrence Township, NJ

    Property size:
    5,000 SF
    Lot size:
    0.90 Acres

    Property Features for 34 Franklin Corner Rd

    General Information

    Size
    5,000 SF
    Lot size
    0.90 Acres
    Source: Moodyscre

    Listing Agent: Steven Marusky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lawrence Township Office Building For Sale

    This is a 5,000 square foot office building located in Lawrence Township, New Jersey. The property is suitable for office use.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence Township
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7278402
    Latitude
    40.2882174

    Nearby Similar for Sale

    • New
      $1,150,000
      4,104 SF

      Turnkey Auto Repair Shop For Sale

      Established auto repair shop with property in high-traffic Lawrenceville location.
      1741 Princeton Ave, Lawrence Township, NJ 08648
      View Details
    • Contact for pricing
      9,000 SF

      Retail Space on Brunswick Pike

      Retail property with high visibility and proximity to major locations.
      3313 Us Highway 1, Lawrence Township, NJ 08648
      View Details
    • Contact for pricing
      7,768 SF

      Highway Retail Property For Sale

      Retail property on US Highway 1 with ample parking.
      3255 Us Highway 1, Lawrence Township, NJ 08648
      View Details
    • $30,000
      1.03 Acres

      Land in Cedarville, New Jersey

      Land for sale in Cedarville, Cumberland County, New Jersey.
      Hall-Trent Ave, Cedarville, NJ 08311
      View Details
    • $749,500
      8,208 SF

      Lawrence Township Office Building For Sale

      Office building with 8,208 square feet of space.
      24 Rossa Ave, Lawrence Township, NJ 08648
      View Details
    • $525,000
      3,352 SF

      Lawrence Township Office Space For Sale

      Office space available in Lawrence Township, New Jersey.
      600 Lawrence Rd, Lawrence Township, NJ 08601
      View Details
    • $575,000
      3,352 SF

      Prime Lawrence Township Office Building

      3,352 SF Office Space - $575,000
      600 Lawrence Rd, Lawrence Township, NJ 08648
      View Details
    • $600,000
      1,948 SF

      Prime Lawrence Township Medical Office

      Vacant 1,948 SF Medical Office Building
      2288 Brunswick Ave, Lawrence Township, NJ 08648
      View Details
    • Contact for pricing
      0.85 Acres

      Prime Lawrenceville Office Building

      14,696 SF Office/Retail Space
      2500 Brunswick Ave, Lawrenceville, NJ 08648
      View Details
    • $4,000,000
      16,860 SF

      4054 Quakerbridge

      Flex space • 16,860 SF
      4054 Quakerbridge Rd, Lawrence Township, NJ 08619
      View Details
    • $1,550,000
      9,800 SF

      Prime Lawrence Township Office Building

      9,800 SF Office Building - Vacant
      684 Whitehead Rd, Lawrence Township, NJ 08648
      View Details

    FAQs

    What type of property is this?
    Office building - 5,000 square foot office building in Lawrence Township, NJ
    Where is this office building located?
    The property is located at 34 Franklin Corner Rd Lawrence Township, NJ.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - 5,000 square foot office building; - Located in Lawrence Township, NJ
    (609) 586-1000
    Request Owner's contact information
    34 Franklin Corner Rd Lawrence Township, NJ 08648
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    34 Franklin Corner Rd
    Lawrence Township, NJ 08648
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    34 Franklin Corner Rd Lawrence Township, NJ 08648
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.