Flex Space with Roll-Up
For Sale
$749,999
12 Pierce Avenue, Trenton, NJ 08629
COMMERCIAL - Trenton, NJ
Property Size6,924 SF
Lot Size0.04 Acres
Price / SF$108.32
Days on Market33
Property Features for 12 Pierce Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, On Street
Directions
Block Through with addresses on both Pierce Ave and New Jersey Ave. CALL/ TEXT FOR PRICING AND OM
Subdivision
Chambersburg
Standard status
Active
APN
11-30102-0000-00015-01
Size
6,924 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8652
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
Boxing gym
Building Details
Year built
1950
Floors in Building
2
Listing Agency:
NJ Elite Group LLC
(732) 523-0757
Listed By:
Seth Nelson · License #2565536
(732) 523-0757
Added: Jul 10
Changed: Aug 4
Last Checked: Aug 11 at 4:06AM
MLS# 22617336
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
12 Pierce Avenue is a two-level flex space featuring approximately 6,924+/- SF of warehouse/contractor-style space plus office space, along with two bathrooms and block-through configuration. The first floor includes two large roll-up steel doors positioned on opposite sides of the building for operational access, circulation, and potential contractor or industrial use. The second-floor space is configured as a boxing gym.
The property sits on a double lot totaling approximately 12,000 SF, with roughly 60 feet of frontage and potential rear street frontage of approximately 90 feet. Included parcels provide added site optionality for parking, outdoor storage, staging, expansion, or future redevelopment, subject to zoning and municipal approvals.
Additional included lots are Lots 6-8 Pierce Avenue and Lot 12 Pierce Avenue. Parking is available via a parking lot and on-street. The property is supported by public water and public sewer service. Built in 1950, the building offers a flexible footprint for owner-users and operators seeking adaptable commercial space.
The property sits on a double lot totaling approximately 12,000 SF, with roughly 60 feet of frontage and potential rear street frontage of approximately 90 feet. Included parcels provide added site optionality for parking, outdoor storage, staging, expansion, or future redevelopment, subject to zoning and municipal approvals.
Additional included lots are Lots 6-8 Pierce Avenue and Lot 12 Pierce Avenue. Parking is available via a parking lot and on-street. The property is supported by public water and public sewer service. Built in 1950, the building offers a flexible footprint for owner-users and operators seeking adaptable commercial space.
Key Highlights
- Two‑level flex space with warehouse/contractor‑style layout, office space, and two bathrooms
- Two large roll‑up steel doors on opposite sides of the building for functional access
- Second‑floor boxing gym configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,117
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,242,340
$1.2M
Cap Rate 7%
$887,386
$887.4K
Cap Rate 9%
$690,189
$690.2K
Market Conditions
NOI Build-Up for 6,924 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$93.1K $13.44/SF
− Vacancy
−$10.2K −$1.48/SF
EGI
$82.8K $11.96/SF
− OpEx
−$20.7K −$2.99/SF
NOI
$62.1K $8.97/SF
Area
Mercer County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,242,340
Cap Rate 7%
$887,386
Cap Rate 9%
$690,189
Alternative Uses
Best Use
Warehouse
$2.23M
$1.95M – $2.60M
NOI $155,940 @ 7.0% cap · market cap 20.79%
Second Best
Industrial
$1.85M
$1.62M – $2.16M
NOI $129,538 @ 7.0% cap · market cap 17.27%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08629, NJ
13,359
Population
4,559
Households
2.9
Avg Household Size
34
Median Age
15%
College-Educated
75%
High-School Grad
0.8 sq mi
ZIP Area
16,699
Density / Sq Mi
$81,367
Median Household Income
$39,278
Median Earnings
$1,263
Median Rent
$149,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-level flex property with office space, two large roll-up steel doors, and a second-floor boxing gym.
Where is this flex space located?
The property is located at 12 Pierce Avenue Trenton, NJ.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Two‑level flex space with warehouse/contractor‑style layout, office space, and two bathrooms; Two large roll‑up steel doors on opposite sides of the building for functional access; Second‑floor boxing gym configuration
