Building Details

Year Built 1980

Listing Agency: Joseph R Ridolfi & Associates LLC

Listed By: Joseph R Ridolfi · License #7819144 Show Phone

Source: Cummingsrealtors

Added: Oct 16 Changed: Oct 19 Last Checked: Oct 19 at 2:05PM

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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 Joseph R Ridolfi & Associates LLC

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Investment Insights

Based on property information with market context.

Suite 10 is a 660-square-foot office unit in Crestwood Professional Center, a complex built in 1980. The entrance is equipped with a ramp, and the property has a paved parking area.

The center stands at the signal-controlled meeting of Whitehorse-Mercerville Road and S. Olden Avenue in Hamilton Township. Nearby destinations include Hamilton Township Police Headquarters, RWJ-Barnabas Hospital-Hamilton, Capital Health-Hamilton, Penn Medicine-Hamilton, the YMCA, shops, and restaurants. I-195, I-295, Route 33, Route 206, and the New Jersey Turnpike are accessible from the area.

Key Highlights

• 660 SF office unit, Suite 10
• Built in 1980
• Paved parking area and entrance ramp

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$5,921

Suggested Prices Based on Cap Rates

Cap Rate 5%

$118,420 $118.4K

Cap Rate 7%

$84,586 $84.6K

Cap Rate 9%

$65,789 $65.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 660 SF

Gross rent

$8.9K $13.44/SF

− Vacancy

−$976 −$1.48/SF

EGI

$7.9K $11.96/SF

− OpEx

−$2.0K −$2.99/SF

NOI

$5.9K $8.97/SF

Area

Mercer County, NJ

Vacancy

11.00%

Lease Rate

$13.44 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$118,420

Cap Rate 7%

$84,586

Cap Rate 9%

$65,789

Alternative Uses

Best Use

Office B

$84.6K

$74.0K – $98.7K (±1% cap)

NOI $5,921 @ 7.0% cap · market cap 438.59%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$212.3K

$185.8K – $247.7K (±1% cap)

NOI $14,864 @ 7.0% cap · market cap 1,101.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Crestwood Professional Medical Clinic Nova Care Medical ... Medical Supply Store KIN CURE MEDICAL ... Medical Supply Store SERVPRO of Hamilton, South ... Hardware & Home Improvement Hart Fueling Service Gas Station

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Hair Salon Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

868

Businesses Nearby

Explore this area Business Placement

Demographics for 08619, NJ

23,301

Population

9,761

Households

2.4

Avg Household Size

44

Median Age

46%

College-Educated

96%

High-School Grad

10.0 sq mi

ZIP Area

2,330

Density / Sq Mi

$104,922

Median Household Income

$56,772

Median Earnings

$1,712

Median Rent

$320,800

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - A paved parking area and an entrance ramp serve this professional office suite.

Where is this office unit located?

The property is located at 941 WHITEHORSE MERCERVILLE ROAD #10 Hamilton Twp, NJ.

What are key features of this property?

This property features: 660 SF office unit, Suite 10; Built in 1980; Paved parking area and entrance ramp