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    Property profile & analytics

    132 Pennington Rd Pennington, NJ 08534

    • Office buildings
    • 1.00 lot acres
    For Sale
    View listing
    $799,000
    Value Estimation
    Location Intelligence
    Property ID
    US59-1118470
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 132 Pennington Rd

    Lot size
    1.00 lot acres
    Zone code
    VRC
    Property type
    Office buildings
    APN
    06 00031-0000-00004
    APU
    600031000000004

    Description

    This exceptional freestanding office building at 132 Route 31 in Pennington, NJ, presents a unique investment opportunity. Priced at $899,999, this property sits on a one-acre lot and offers significant versatility. Previously utilized as a medical office, its adaptable layout allows for a wide range of business applications. The building boasts high visibility from its prime location and is zoned VCR. The interior comprises a substantial 23x17 foot waiting room, three administrative offices, and four medical exam rooms. A dedicated laboratory includes a half-bath, and an additional half-bath serves the main area. Ample storage is available in the walk-out basement, which also houses essential utilities including a tankless hot water heater and water softener. The building is equipped with central air conditioning and forced-air heating. Exclusive parking is provided on-site. The expansive interior and flexible zoning make this property ideal for a variety of businesses seeking a prominent location with significant space and potential. This is a rare opportunity to acquire a well-maintained, versatile commercial building in a highly desirable area. The property's features and location combine to create an exceptional investment prospect. Don't miss this chance to transform this building into your ideal workspace.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $385,000

    • CAP approach

      CAP return
      Estimation
      6%
      $405,000
      6.5%
      $390,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $420,000
      Geo Method
      $470,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $400,000
      Mixed-Use
      $510,000
      Hospitality
      $390,000
      Educational
      $460,000
      Residential Income
      $375,000
      Energy
      $500,000
      Income-Based Land
      $485,000
      Food Service
      $500,000

    Location Insight

    • Map
    • Local Demand
    City
    Pennington
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.799
    Latitude
    40.3573
    CBSA code
    45940
    CBSA name
    TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,309
    $300,000
    $397,300
    $697,300
    -
    $300,000
    $397,300
    $697,300

    Comparable in this City

    • Value Estimation by Request
      2.76 Acres

      21 Rte 31st N

      OFFICE BUILDING • 2.76 Acres
      21 Rte 31st N, Pennington, NJ 08534-1621
      View Details
    • Value Estimation by Request

      2 Capital Way203a

      OFFICE BUILDING
      2 Capital Way203a, Pennington, NJ 08534-2521
      View Details
    • Value Estimation by Request
      14,740 SF

      23 Rte 31st N

      OFFICE BUILDING • 14,740 SF
      23 Rte 31st N, Pennington, NJ 08534-1600
      View Details
    • Value Estimation by Request

      2 Capital Way204b

      OFFICE BUILDING
      2 Capital Way204b, Pennington, NJ 08534-2521
      View Details
    • Value Estimation
      $1,040,000
      2,696 SF

      1 Hansen Pl

      OFFICE BUILDING • 2,696 SF
      1 Hansen Pl, Pennington, NJ 08534
      View Details
    • Value Estimation by Request

      2 Capital Way203d

      OFFICE BUILDING
      2 Capital Way203d, Pennington, NJ 08534-2521
      View Details

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    132 Pennington Rd
    Pennington, NJ 08534
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    Realmo Value Estimation

    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.

    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.

    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
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