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    14 Fairgrounds Rd Hamilton Township, NJ 08619
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    Property profile & analytics

    14 Fairgrounds Rd Hamilton Township, NJ 08619

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    • Office Units
    • 5,740 SF
    Off-Market
    Property ID
    US59-1174815
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Units

    Property Details for 14 Fairgrounds Rd

    Year built
    1930
    Property size
    5,740 SF
    Property type
    Office Units

    Description

    This exceptional 5,740 square foot office building, located at 14 Fairgrounds Rd in Hamilton Township, NJ 08619, presents a unique opportunity for a single tenant. The property, a two-story Class B building, boasts a blend of traditional and creative office space, perfect for a variety of businesses. Constructed in 1930 and extensively renovated in 2004, the building offers modern amenities within a historically rich setting. The building features one structure with an elevator for convenient access to both floors. Its prime location within the renowned Grounds for Sculpture and adjacent to the celebrated Rats Restaurant provides an unparalleled environment for both employees and clients. This prestigious address offers a unique and highly desirable location, attracting both talent and clientele. The property's 5,740 square feet of space provides ample room for growth and expansion, making it an ideal choice for businesses seeking a sophisticated and inspiring workspace. The combination of historical charm and modern updates creates a truly exceptional commercial property. This is a rare opportunity to secure a prominent location in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton Township
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7174293
    Latitude
    40.2392174

    Comparable in this City

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      Divisible office space with amenities and train station proximity.
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      Office Space Near Hamilton Station

      Office space with amenities, conveniently located near Hamilton train station.
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      4,839 SF

      University Office Plaza Space Available

      Office spaces available for lease or sublease in Hamilton, NJ.
      3705 Mercerville Quakerbridge Rd, Trenton, NJ 08619
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    Similar Nearby for Sale

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      Office Space Available For Sale

      Office space for sale with 1220 square feet area.
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      Move-in Ready Office Condo

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      Move-in Ready Office Condo

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      Multi-Use Property on Corner Lot

      Income-producing property with residential, office, and garage spaces.
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    • $299,820
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      Hamilton Office Condo - Prime Location

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      Mercerville Industrial Development Opportunity

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    Similar Nearby for Lease

    • $1,650 /Mo

      Office Space with Garage Bays

      Office space and garage bays available for rent.
      110 Klockner Rd, Hamilton, NJ 08619
      View Details
    • Contact for pricing

      2681 Quakerbridge Rd, Hamilton TWP, NJ 08619

      Office Units
      2681 Quakerbridge Rd, Hamilton Twp, NJ 08619
      View Details
    • $15 SF/Yr
      2,539 SF

      Mercer County Office Space Available

      Multi-tenanted building near major routes and train station.
      3625 Quakerbridge Rd, Hamilton Twp, NJ 08619
      View Details
    • Contact for pricing
      23,345 SF

      Office Space Near Hamilton Station

      Divisible office space with amenities and train station proximity.
      300 American Metro Blvd, Hamilton Township, NJ 08619
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    • Contact for pricing
      4,500 SF

      Office Space Near Sculpture Park

      Two-story office space adjacent to Grounds For Sculpture.
      14 Fairground Rd, Hamilton Township, NJ 08619
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    • Contact for pricing
      1,375 SF

      Medical/Office Space for Lease

      Light-filled medical or office space available for rent.
      1544 Kuser Rd, Hamilton Township, NJ 08619
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    14 Fairgrounds Rd
    Hamilton Township, NJ 08619
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    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
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    14 Fairgrounds Rd, Hamilton Township, NJ, 08619
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