Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3885 Nj-27 Princeton, NJ 08540

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3885 Nj-27 Princeton, NJ 08540

    View on Map
    • Retail properties & Spaces
    • 14,712 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3885 Nj-27

    Year built
    2015
    Property size
    14,712 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional Class A, 14,712 square foot medical retail space is available for lease at 3885 NJ-27 in Princeton, New Jersey, zip code 08540. Located on Georgetown Franklin Turnpike, this single-story, 2015-built property offers a turnkey opportunity in a thriving market. The entire space is currently vacant and divisible to a minimum of 1,675 square feet. The property boasts 199 parking spaces, including ample front and rear parking for customers and employees. Recent upgrades include a renovated parking lot, refreshed landscaping, updated facades, and interior renovations. The property is zoned RR3 and situated within a high-demand retail submarket, offering unparalleled potential for businesses seeking to capitalize on strong demographics and unmet retail needs. The building is part of a larger shopping center, "The Market Place," and benefits from the center's recent improvements. This is a rare opportunity to secure a prime retail location in a highly desirable area of Princeton. The space will be delivered as a vanilla box, allowing for complete tenant customization.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.5872
    Latitude
    40.4163

    Comparable in this City

    • Value Estimation by Request
      91,571 SF

      1225 Rte

      Lifestyle centers • 91,571 SF
      1225 Rte, Princeton, NJ 08540
      View Details
    • Value Estimation by Request
      1,117,098 SF

      101 Nassau Park Blvd

      Lifestyle centers • 1,117,098 SF
      101 Nassau Park Blvd, Princeton, NJ 08540
      View Details
    • Value Estimation by Request
      20,000 SF

      Old Bear Brk Rd & Bear Brk Rd

      Individual retail properties • 20,000 SF
      0 Old Bear Brk Rd & Bear Brk Rd, Princeton, NJ 08540
      View Details
    • Value Estimation by Request
      40,000 SF

      3885 Nj-27

      Lifestyle centers • 40,000 SF
      3885 Nj-27, Princeton, NJ 08540
      View Details
    • Value Estimation by Request
      4,248 SF

      4438 Nj-27

      Restaurants • 4,248 SF
      4438 Nj-27, South Brunswick Township, NJ 08540
      View Details
    • Value Estimation by Request
      1,616 SF

      3720-3730 Lawr Prin Rd

      NURSERY, GREENHOUSE, FLORIST • 1,616 SF
      3720-3730 Lawr Prin Rd, Princeton, NJ 08540
      View Details

    Similar Nearby for Sale

    • $1,600,000
      7.96 Acres

      Franklin, NJ Income-Generating Property

      7.96-acre property with rental income near Route 1 corridor.
      4271 Route 27, Princeton, NJ 08540
      View Details
    • New
      Contact for pricing
      12,000 SF

      Princeton Commercial Space on Route 206

      Office and retail spaces available in Princeton, New Jersey.
      842 State Rd, Princeton, NJ 08540
      View Details
    • Contact for pricing

      Retail Space Available For Sale

      Retail property with spaces from 1,200 to 3,318 SF.
      Old Bear Brk Rd & Bear Brk Rd, West Windsor, NJ 08540
      View Details
    • Contact for pricing

      Regional Retail Opportunity in Princeton

      Rare big box retail space in a high-traffic regional center.
      101 Nassau Park Blvd, Princeton, NJ 08540
      View Details
    • Contact for pricing
      4,600 SF

      Princeton Office Building For Sale

      Office building with 4,600 square feet of space.
      10 Jefferson Plz, Princeton, NJ 08540
      View Details
    • $679,000
      1.26 Acres

      Residential Land in South Brunswick

      1.26 acre residential land for sale in South Brunswick.
      2 Fernwood Dr, South Brunswick, NJ 08540
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,835 SF

      Versatile Commercial Space in Princeton

      Hotel, restaurants, and conference center space available for rent.
      600 College Rd E, Princeton, NJ 08540
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail property available for lease in Montgomery, NJ.
      1225 Rte 206, Montgomery, NJ 08540
      View Details
    • Contact for pricing
      12,000 SF

      Princeton Retail Space For Lease

      12,000 SF retail space in Nassau Park Pavilion.
      654 Nassau Park Blvd, 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 Blvd, Princeton, NJ 08540
      View Details
    • New
      $12 SF/Yr
      34,848 SF

      Princeton Commercial Space for Lease

      Versatile commercial spaces suitable for office, retail, or service uses.
      842 State Rd, Princeton, NJ 08540
      View Details
    • Contact for pricing
      6,300 SF

      Retail Space in Nassau Park

      Retail property in Princeton, located in the U.S. Route 1 retail corridor.
      721-731 Nassau Park Blvd, Princeton, NJ 08540
      View Details
    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.
    3885 Nj-27
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!