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    802 Prospect St Trenton, NJ 08618

    View on Map
    Sponsored
    For Sale
    $1,299,000

    Commercial - Trenton, NJ

    Property size:
    19,794 SF
    Lot size:
    1.00 Acre
    Days on Market:
    17
    Last Refresh:
    Mar 16 at 8:06 pm

    Property Features for 802 Prospect St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    11113340128
    Parking
    45
    Size
    19,794 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    2015
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    BRIAN T. WALSH
    BRIAN T. WALSH

    Davis Realtors (732) 254-6700

    Listing agent BRIAN T. WALSH (732) 254-6700

    Listing date Feb 27, 2026

    MLS# 2600038R Listing URL

    Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Two Trenton Buildings on Large Lot

    Located in Trenton, NJ, 802 Prospect Street features two freestanding buildings on a 1-acre lot. The property includes a 13,724 SF vacant building, formerly a Dollar General, and a 6,070 SF office building currently leased to a non-profit organization, providing stable income. The property is suitable for investors seeking to lease the vacant building or business owners looking to relocate. The vacant building is ideal for retail uses such as a dollar store, grocery store, liquor store, banquet hall, or indoor play park. It is also suitable for industrial uses such as product storage and supplies, food storage, light manufacturing, or warehousing, as well as professional uses such as a wellness center, non-profit headquarters, urgent care, or house of worship. The property has parking for 45 cars, a large pylon sign, and facade signage. The 13,724 SF building features a wide-open floorplan, high ceilings, wide columns, and natural light. The 6,070 SF office building is nicely finished and tenanted. Real estate taxes are $82,287 per year ($4.15 PSF). The property is located on Prospect Street, minutes from downtown Trenton and Routes 1, 195, and 295, with quick access to Pennsylvania.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Millhill Child & Family ... Medical Clinic Western Union Bank Dollar General Discount Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7721948
    Latitude
    40.2336824

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    FAQs

    What type of property is this?
    Retail space - Two buildings totaling 19,794 SF on a 1-acre lot.
    Where is this retail space located?
    The property is located at 802 Prospect St Trenton, NJ.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - Two freestanding buildings totaling 19,794 SF on a large 0.96-acre lot.; - Includes a **13,724 SF vacant building suitable for retail, industrial, or professional uses.**; - Features a 6,070 SF office building currently leased to a non-profit organization, providing stable income.
    (732) 254-6700
    Request Owner's contact information
    802 Prospect St Trenton, NJ 08618
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    Trenton, NJ 08618
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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
    802 Prospect St Trenton, NJ 08618
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    We can help!
    Listing Contact
    BRIAN T. WALSH
    BRIAN T. WALSH
    (732) 254-6700
    Learn more
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