Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    2 Hamilton Health Pl Hamilton, NJ 08690-3563

    • Office buildings
    • 20,320 SF
    • 3.41 lot acres
    OFF-MARKET
    Value Estimations
    $2,765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2598573
    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

    • Fresenius Medical Care at Hamilton - Rwj University Center / Medical Clinic
    • RWJBarnabas Health Corporate Care - Hamilton / Medical Clinic
    • Fresenius Kidney Care Hamilton Square / Medical Clinic
    • RWJ Balance & Hearing Center / Physician
    • Gregory Cox, M.D / Ophthalmologist

    Property Details for 2 Hamilton Health Pl

    Year built
    1998
    Construction
    BRICK
    Lot size
    3.41 lot acres
    Property size
    20,320 SF
    Property type
    Office buildings
    APN
    03 02169-0000-00007-0000-C-X2
    APU
    03021690000000070000CX2

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,240,000
      6.5%
      $2,990,000
      7%
      $2,780,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,536,000
      Market price range: $2.18M - $3.92M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,005,000
      Current use
      COMMERCIAL (GENERAL)
      $3,150,000
      Change: +5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.6751
    Latitude
    40.2169
    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
    $67,976
    $926,300
    $1,131,700
    $2,058,000
    -
    $926,300
    $1,131,700
    $2,058,000

    Comparable in this City

    • Value Estimation by Request

      2121 Klockner Rd

      CONDOMINIUM OFFICES
      2121 Klockner Rd, Hamilton, NJ 08690-3417
      View Details
    • Value Estimation by Request

      2115 Klockner Rd

      CONDOMINIUM OFFICES
      2115 Klockner Rd, Hamilton, NJ 08690-3403
      View Details
    • Value Estimation by Request

      1700 Whitehorse Hamilton Sq Rd Ste A1

      CONDOMINIUM OFFICES
      1700 Whitehorse Hamilton Sq Rd Ste A1, Hamilton, NJ 08690-3537
      View Details
    • Value Estimation by Request

      1700 Whitehorse Hamilton Sq Rd Ste A3

      CONDOMINIUM OFFICES
      1700 Whitehorse Hamilton Sq Rd Ste A3, Hamilton, NJ 08690-3537
      View Details
    • Value Estimation by Request

      2111 Klockner Rd

      CONDOMINIUM OFFICES
      2111 Klockner Rd, Hamilton, NJ 08690-3403
      View Details
    • Value Estimation by Request

      2059 Klockner Rd

      CONDOMINIUM OFFICES
      2059 Klockner Rd, Hamilton, NJ 08690-3413
      View Details

    Similar Nearby for Sale

    • $1,999,000
      4,000 SF

      Office Building on Highway 33

      4,000 SF office building on 2.75 acres for sale.
      1898 Highway 33, Trenton, NJ 08690
      View Details
    • $779,500
      4,032 SF

      Highway 33 Office Space

      Office space available for sale on Highway 33.
      2273 Highway 33, Trenton, NJ 08690
      View Details
    • $250,000

      Professional Condo Near RWJ Hamilton

      Versatile condo ideal for medical or professional use.
      2081 Klockner Rd, Hamilton, NJ 08690
      View Details
    • $229,500

      Hamilton Office Condo - Great Location

      Spacious medical/professional office condo for sale.
      2051 Klockner Rd, Hamilton, NJ 08690
      View Details
    • $199,000

      Commercial Office in Hamilton, NJ

      Commercial office space available for sale in Hamilton, New Jersey.
      1800 Rte 33, Hamilton, NJ 08690
      View Details
    • $835,000
      4,032 SF

      Hamilton Township Medical Office

      Prime Medical Office Building, Fee Simple
      2273 Nj-33, Hamilton Township, NJ 08690
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      5,280 SF

      Madison Office Building: Hamilton Twp

      Hamilton Office Suites: 442-5280 sq ft
      2561 Yardville Hamilton Sq Rd, Hamilton Township, NJ 08690
      View Details
    • $23 SF/Yr
      1,020 SF

      Two-Story Office Building For Rent

      35,000 SF office building near hospital and Veterans Park.
      1660 Whitehorse Hamilton Square Rd, Trenton, NJ 08690
      View Details
    • $3,500 /Mo

      Highway Route 33 Office Space

      Second-floor office space on heavily traveled State Highway Route 33.
      1905 Rte 33, Hamilton, NJ 08690
      View Details
    • $19 SF/Yr

      Highway 33 Office Suite Available

      2,200 SF office suite on heavily traveled Highway 33.
      1905 Highway 33, Trenton, NJ 08690
      View Details
    • $2,700 /Mo

      Office Space on Route 33

      Office suite for lease on heavily traveled Route 33.
      1905 Rte 33, Hamilton, NJ 08690
      View Details
    • $20 SF/Yr

      Commercial Space on Route 33

      1375 SF commercial space suitable for retail or office.
      1905 Rte 33, Hamilton, NJ 08690
      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.
    2 Hamilton Health Pl
    Hamilton, NJ 08690-3563
    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.