Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    842 State Rd Princeton, NJ 08540
    Back to Search
    Property profile & analytics

    842 State Rd, Princeton, NJ 08540

    View on Map
    • Commercial real estate
    • 0.80 lot acres
    For Sale
    View Listing →
    Princeton Commercial Space on Route 206 For Sale
    Contact for pricing
    12,000 SF

    Princeton Commercial Space on Route 206

    Office and retail spaces available in Princeton, New Jersey.

    842 STATE ROAD, Princeton, NJ 08540
    View Listing
    Property ID
    US59-1840042
    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

    • Princeton Plastic Surgery Associates: Drimmer Marc A MD / Physician / Medical Clinic
    • Princeton Plastic Surgery Associates / Medical Clinic / Hospital
    • Princeton Ear, Nose & Throat / Medical Clinic / Physician
    • PNC Bank ATM / Atm
    • Dr. David Goldfarb / Physician

    Property Details for 842 State Rd

    Construction
    FRAME
    Lot size
    0.80 lot acres
    Zone code
    S2
    Property type
    Commercial real estate
    APN
    14 00805-0000-00006
    APU
    1400805000000006

    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
    Princeton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.6559
    Latitude
    40.3901
    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
    2022
    $51,072
    $510,000
    $1,590,000
    $2,100,000
    -
    $510,000
    $1,590,000
    $2,100,000

    Comparable in this City

    • Value Estimation by Request
      23,254 SF

      116 Village Blvd

      Office Units
      116 Village Blvd, Princeton, NJ 08540
      View Details
    • Value Estimation by Request

      3794 Rte 27th, Unit 3808

      COMMERCIAL (GENERAL)
      3794 Rte 27th, Princeton, NJ 08540-9617
      View Details
    • Value Estimation by Request
      2.16 Acres

      1165 State Rd

      COMMERCIAL (GENERAL)
      1165 State Rd, Princeton, NJ 08540
      View Details
    • Value Estimation by Request
      2.87 Acres

      800 State Rd

      COMMERCIAL (GENERAL)
      800 State Rd, Princeton, NJ 08540-1416
      View Details
    • Value Estimation by Request
      0.83 Acres

      831 State Rd

      COMMERCIAL (GENERAL)
      831 State Rd, Princeton, NJ 08540
      View Details
    • Value Estimation by Request
      0.70 Acres

      15 Wiggins St

      COMMERCIAL (GENERAL)
      15 Wiggins St, Princeton, NJ 08540
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,240 SF

      Medical Office Space For Rent

      Medical office space with flexible floor plans and ample parking.
      29 Thanet Rd, Princeton, NJ 08540
      View Details
    • $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
    • 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
    • $3,150,000
      41.00 Acres

      Residential Subdivision Land in Princeton

      41-acre residential subdivision with 9 wooded lots, Princeton mailing address.
      4075 Rte 27 Hwy, Princeton, NJ 08540
      View Details
    • Contact for pricing
      4,761 SF

      Loft-Style Office Building for Rent

      Three-story, 4,761 SF office building near Princeton University.
      3 Mapleton Rd, Princeton, NJ 08540
      View Details
    • $3,150,000
      41.00 Acres

      Residential Subdivision on 41 Acres

      41 acre residential subdivision with 9 large wooded home lots.
      4075 Rte 27 Hwy, Princeton, NJ 08540
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Carnegie Center

      Discover many ways to work your way in Greene Town Center
      103 Carnegie Center Dr, West Windsor, NJ 08540
      View Details
    • Contact for pricing
      1,640 SF

      Princeton Office Space For Rent

      Office space for rent in Princeton, convenient location.
      105 College Rd E, Princeton, NJ 08540
      View Details
    • Contact for pricing
      2,317 SF

      Princeton Medical Arts Building Space

      Medical and office space available for lease in Princeton, NJ.
      800 Bunn Dr, Princeton, NJ 08540
      View Details
    • Contact for pricing
      5,062 SF

      Princeton Office Space For Rent

      45,000 square foot office space available for rent.
      777 Scudders Mill Rd, Princeton, NJ 08540
      View Details
    • Contact for pricing
      2,462 SF

      Princeton Office Space Available

      Office space available for lease or sublease in Princeton.
      400 Alexander Park Dr, Princeton, NJ 08540
      View Details
    • Contact for pricing
      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 08540
      View Details
    View Listing
    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.
    842 State Rd
    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

    Thank You for Inquiry
    842 State 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!