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    Mercer Corporate Center Office/Lab Space Title is generated by Realmo AI

    1000 Water View Dr, Hamilton Township, NJ 08691

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    For Lease
    Contact for pricing

    Office, lab, and medical space available for lease.

    Type:Office
    Property size:
    20,000 SF
    Added:
    May 23, 2022
    Days on Market:
    1472
    Last Refresh:
    May 12 at 9:36 pm

    Property Features for 1000 Water View Dr

    General Information

    Standard status
    Active
    Size
    20,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    2009

    Spaces For Lease

    at 1000 Water View Dr Contact us

    WV 2000, 1st Floor $25/Mo

    Size
    3,735 SF
    Type
    Office
    Contact us

    WV 1000, 2nd floor $25/Mo

    Size
    9,584 SF
    Type
    Office
    1000 Waterview: 2nd Floor: 8,000 SF
    Contact us

    WV 1000, 3rd Floor $35/Mo

    Size
    20,000 SF
    Type
    Office
    3rd Floor: 20,000 SF Lab Space
    Contact us

    WV 1000, 1st floor $25/Mo

    Size
    3,200 SF
    Type
    Office
    3,200 SF - 1st Floor Office/Lab/Medical Space; large window line looking into outside...
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    Contact us

    We can help!

    Listing Contact
    Jerry Fennelly

    Listing agent Jerry Fennelly License #NJ 8131550

    Listing office Fennelly Associates, Inc

    Listing date May 23, 2022

    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

    • Flexible lease options with spaces ranging from 3,200 SF to 20,000 SF.
    • Suitable for Office, Lab, or Medical use.
    • Located in Mercer Corporate Center I.
    • Situated at 1000‑2000 Waterview Drive.
    • Positioned in the "Center of the State".
    • Constructed in 2009.

    Overview

    Located in Mercer Corporate Center I, space at 1000-2000 Waterview Drive is available for lease. At 1000 Waterview, the 1st floor offers 3,200 square feet, the 2nd floor provides 9,584 square feet, and the 3rd floor features 20,000 square feet. At 2000 Waterview, the 1st floor includes 3,800 square feet of lab space. The location is described as being in the "Center of the State". The property is suitable for office, lab, or medical use.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Banfield Pet Hospital — 170 Marketplace Blvd, Hamilton Township, NJ 08691

    Map

    City
    Hamilton Township
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.5716
    Latitude
    40.2135

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    FAQs

    What type of property is this?
    Medical Office Space - Office, lab, and medical space available for lease.
    Where is this medical office space located?
    The property is located at 1000 Water View Dr Hamilton Township, NJ.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Flexible lease options with spaces ranging from 3,200 SF to 20,000 SF.; Suitable for Office, Lab, or Medical use.; Located in Mercer Corporate Center I.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jerry Fennelly
    Real Estate License ID: NJ 8131550
    Learn More
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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.

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