Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    32 Jefferson Plz Princeton, NJ 08540

    Sponsored
    For Lease
    $30 SF/Yr

    Single-tenant office land in Princeton.

    Lot size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional commercial property, located at 32 Jefferson Plaza in Middlesex, New Jersey, presents a unique investment opportunity. The property consists of a single-tenant, 2,000 square foot office building situated on a parcel of land zoned for business use. The property's address is 32 Jefferson Plaza, Middlesex, NJ 08540, with GPS coordinates of 40.3805561 latitude and -74.5823989 longitude. The Assessor's Parcel Number (APN) is 21000960600032. The building itself is a single-story structure with one suite, ideal for a single occupant or a small business seeking a dedicated space. Ample parking is available with three designated spaces. This property is perfect for a business seeking a convenient and easily accessible location in a thriving area. The property type is classified as both Land and Office, offering flexibility for potential development or continued use as a single-tenant office. Its location in Middlesex, near Princeton, NJ, provides excellent access to major transportation routes and a strong local workforce. The zoning designation is business, ensuring a wide range of potential uses. This is a rare opportunity to acquire a well-located, single-tenant office property with significant potential.

    Property Features for 32 Jefferson Plz

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,000 SF

    Unit(s) available at that property

    Space
    Size
    2,000 SF
    Rate per SF
    $30

    We can help!

    Listing Contact
    Tracy Abbate

    Learn more

    Property Insight Report

    HighLights

    • 2,000 SF single‑tenant office building in Middlesex, NJ.
    • Located at 32 Jefferson Plaza, Middlesex, NJ 08540 (APN: 21000960600032).
    • Single‑story building with three parking spaces.
    • Business zoning allows for flexible use.
    • Excellent location near Princeton with access to major transportation routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    NovoPath, Inc. Software Company TechniQuest Corporation Engineer

    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
    -74.5823989
    Latitude
    40.3805561

    Nearby Similar for Lease

    • $4,400 /Mo

      Mixed-Use Property in Princeton Location

      Multi-level mixed-use property for rent in desirable Princeton location.
      3850 Rt-27, Princeton, NJ 08540
      View Details
    • $1,400 /Mo
      44,431 SF

      Princeton Office Space For Lease

      Second-floor office suites with laminate flooring, natural light, and parking.
      245 B, Princeton, NJ 08540
      View Details
    • $3,600 /Mo
      9,583 SF

      Office Space in Princeton Heart

      Office space with high ceilings and a reception area.
      14.5 Witherspoon St -, Princeton, NJ 08542
      View Details
    • $1,200 /Mo

      Princeton Office Suites For Lease

      Professionally designed office suites in a serene, wooded Princeton setting.
      166 Bunn Dr Unit, Princeton, NJ 08540
      View Details
    • $27 SF/Yr
      45,000 SF

      Princeton Office Building For Lease

      Class B office building in amenity-rich Princeton near Route 1.
      2-4 Research Way, Princeton, NJ 08540
      View Details
    • $30 SF/Yr
      4,761 SF

      Loft-Style Office Building for Rent

      Three-story, 4,761 SF office building near Princeton University.
      3 Mapleton Rd, Princeton, NJ 08540
      View Details
    • $2,400 /Mo

      Princeton Horizons Condo For Rent

      2-bedroom condo with modern amenities in desirable South Brunswick.
      1310 Bradley Ct, Princeton, NJ 08540
      View Details
    • $28 SF/Yr
      40,000 SF

      Princeton Shopping Center Retail Space

      Retail spaces available in a renovated Princeton shopping center.
      3885 Nj-27, Princeton, NJ
      View Details
    • $25 SF/Yr
      27,648 SF

      Princeton Office Building For Lease

      Class B office building in amenity-rich Princeton, near Route 1.
      107 College Rd E, Princeton, NJ 08540
      View Details
    • Contact for pricing
      4,107 SF

      Princeton Office Space For Rent

      Two-story office building near downtown Princeton with on-site amenities.
      1165 State Rd, Princeton, NJ 08540
      View Details
    • $24 SF/Yr
      54,000 SF

      Prime College Road Office Space

      Class A Office, 18,284 SF Available
      101 College Rd, Princeton, NJ 08540
      View Details
    • Contact for pricing
      91,571 SF

      Princeton North Shopping Center Lease

      Prime Retail Space, Somerset County, NJ.
      1225 Rte 206, Princeton, NJ 08540
      View Details

    FAQs

    What type of property is this?
    Office Property Space - Single-tenant office land in Princeton.
    Where is this office property space located?
    The property is located at 32 Jefferson Plz Princeton, NJ.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 2,000 SF single-tenant office building in Middlesex, NJ.; Located at 32 Jefferson Plaza, Middlesex, NJ 08540 (APN: 21000960600032).; Single-story building with three parking spaces.
    Request Owner's contact information
    32 Jefferson Plz Princeton, NJ 08540
    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.
    32 Jefferson Plz
    Princeton, NJ 08540
    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
    32 Jefferson Plz Princeton, NJ 08540
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tracy Abbate
    Learn more
    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.