Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office/Medical Space Near Princeton Title is generated by Realmo AI

    707 Alexander Rd, Princeton, NJ 08540

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    24,168 SF office/medical space for lease or sale.

    Type:Office
    Property size:
    24,168 SF
    Added:
    Aug 7, 2020
    Days on Market:
    2126
    Last Refresh:
    May 13 at 8:16 pm

    Property Features for 707 Alexander Rd

    General Information

    Standard status
    Active
    Size
    24,168 SF
    Property subtype
    Office

    Spaces For Lease

    at 707 Alexander Rd Contact us

    Bldg 2 $24/Mo

    Size
    3,080 SF
    Type
    Office
    Contact us

    Bldg 3, Unit 2 $24/Mo

    Size
    3,588 SF
    Type
    Office
    Contact us

    Bldg 3, Unit 1 $24/Mo

    Size
    17,500 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Harrison Westfall

    Listing agent Harrison Westfall License #2585414

    Listing office Fennelly Associates, Inc

    Listing date Aug 7, 2020

    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

    • Walkable to Princeton Junction Train Station Commuter Rail (NEC Corridor)
    • 24,168 SF Office/Medical Space
    • Across the Street from Princeton Hyatt
    • One Mile from Princeton University
    • Easy access to NJ Turnpike, I‑95 & Rt. 1
    • For Lease or Sale

    Overview

    This 24,168 square foot office/medical space is available for lease or sale. It is located across the street from the Princeton Hyatt and is walkable to the Princeton Junction Train Station on the Northeast Corridor rail line. The property is one mile from Princeton University and offers convenient access to the New Jersey Turnpike, Interstate 95, and Route 1.
    Location Intelligence

    Current Use by Public Records

    Princeton Design Firm Marketing & Advertising Heptronik Corporation Corporate Office AVS SYSTEMS (Bike/Boat/Book/etc) Store Dr. Thomas F. ... Pediatrician Mathematica Policy Research Research Foundation

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Law Firm Nail Salon

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

    Similar Places Nearby

    • WPG Consulting​ — 100 Overlook Center 2nd floor, Princeton, NJ 08540
    • Altech Star Inc — 100 Overlook Center, Princeton, NJ 08540
    • Promag Systems — 100 Overlook Center, Princeton, NJ 08540
    • Apexon - Experience, Digital Engineering and Data Solutions — 101 Carnegie Center Dr STE 102, Princeton, NJ 08540
    • Ziffer Americas LLC — 100 Overlook Center, Princeton, NJ 08540

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.6383827
    Latitude
    40.3232746

    Nearby Similar for Lease

    • $12 SF/Yr
      4,000 SF

      Princeton Commercial Space For Lease

      Prime location suitable for office, retail, or service uses.
      842 STATE Road, PRINCETON, NJ 08540
      View Details
    • Sponsored
      Contact for pricing

      Forrestal Village

      116 Village Blvd, Unit 200, Princeton, NJ 08540
      View Details
    • Contact for pricing
      180,000 SF

      Prime Retail Space Near Wegmans

      180,000 SF available near major retailers in Princeton, NJ.
      510 Nassau Park Boulevard, Princeton, NJ, 08540
      View Details
    • Contact for pricing
      1,835 SF

      Medical Spaces Off Route 1

      Medical spaces available for lease directly off Route 1.
      10 Forrestal Rd S, 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
      View Details
    • Contact for pricing
      20,000 SF

      Princeton Executive Center Office Space

      Office space available for lease in Princeton, New Jersey.
      457 N Harrison St, Princeton, NJ 08540
      View Details
    • Contact for pricing
      2,462 SF

      Office Space in Princeton, NJ

      Office space available for lease in Princeton, New Jersey.
      400 Alexander Park, Princeton, NJ 08540
      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
      View Details
    • Contact for pricing
      2,758 SF

      Princeton Office Space Available

      Office space available for rent in Princeton, New Jersey.
      1 University Square Dr, Princeton, NJ 08540
      View Details
    • Contact for pricing
      56,845 SF

      Princeton Commercial Property for Rent

      Commercial property available for rent in Princeton, New Jersey.
      201 College Rd E, Princeton, NJ 08540
      View Details
    • $1,200/Mo

      Princeton Office Suites For Lease

      Professionally designed office suites in a serene, wooded Princeton setting.
      166 Bunn Drive Unit #105, PRINCETON, NJ 08540
      View Details
    • $34 SF/Yr
      6,093 SF

      Princeton Office Space with Offices

      Office space featuring private offices and workstations for rent.
      902 Carnegie Ctr W , Princeton, NJ
      View Details

    FAQs

    What type of property is this?
    Office space - 24,168 SF office/medical space for lease or sale.
    Where is this office space located?
    The property is located at 707 Alexander Rd Princeton, NJ.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Walkable to Princeton Junction Train Station Commuter Rail (NEC Corridor); 24,168 SF Office/Medical Space; Across the Street from Princeton Hyatt
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Harrison Westfall
    Real Estate License ID: 2585414
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    707 Alexander Rd, Princeton, NJ 08540
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!