Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    140 E Hanover St Trenton, NJ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Three-story building with offices, auditorium, and gymnasium.

    Type:OFFICE
    Property size:
    29,000 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $103/SF
    Added:
    May 30, 2024
    Days on Market:
    700
    Last Refresh:
    Apr 5 at 9:11 pm

    Property Features for 140 E Hanover St

    General Information

    Standard status
    Active
    Size
    29,000 SF
    Lot size
    0.28 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Charles Teh

    Listing agent Charles Teh

    Listing office Segal LaBate Commercial Real Estate

    Listing date May 30, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Segal LaBate Commercial Real Estate

    Overview

    Multi-Purpose Building For Sale

    This is a three-story multi-purpose building with a total area of approximately 29,100 square feet. It is situated on an 11,723 square foot irregular shaped parcel of land. The building includes offices, an auditorium, and a gymnasium. The sale of this property includes 127 Academy Street, but they can be sold separately.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Animal Allies Animal Shelter YWCA Trenton Juvenile ... Social Service Agency YWCA's Stand Against ... Charitable Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7626
    Latitude
    40.2213

    Nearby Similar for Sale

    • $740,000
      4,762 SF

      Updated Multifamily Property in Trenton

      Updated 6-unit multifamily property in Trenton's historic area.
      12 PARKSIDE Avenue, TRENTON, NJ 08618
      View Details
    • $550,000
      2,669 SF

      Five-Unit Multifamily Asset Near Park

      Stabilized five-unit multifamily property near Cadwalader Park in Trenton, NJ.
      1114 STUYVESANT Avenue, TRENTON, NJ 08618
      View Details
    • $400,000

      Downtown Trenton Commercial Space Available

      5,438 SF commercial space in Trenton's historic downtown.
      318 S BROAD Street, TRENTON, NJ 08608
      View Details
    • $434,000
      2,474 SF

      Income-Producing Triplex in Historic District

      Updated 3-unit triplex in Trenton's Historic Mill Hill District.
      253 MERCER Street, TRENTON, NJ 08611
      View Details
    • $425,000
      2,979 SF

      Renovated Trenton Duplex For Sale

      Fully renovated duplex in Trenton, ideal for investors or owner-occupants.
      125 NEW ROSE Street, TRENTON, NJ 08618
      View Details
    • $129,990
      4,200 SF

      Historic Trenton Building Redevelopment Opportunity

      4,200+ sq ft building in historic Mill Hill section.
      103 PULLEN ALLEY, TRENTON, NJ 08611
      View Details
    • $449,000
      1,248 SF

      Trenton Three-Family Investment Opportunity

      Spacious three-family home in Chambersburg with income potential.
      305 CHESTNUT AVE, TRENTON, NJ 08609
      View Details
    • $300,000
      3,144 SF

      Mixed-Use Investment Opportunity, Trenton

      Mixed-use property with income potential in downtown Trenton.
      9 E STATE Street, TRENTON, NJ 08608
      View Details
    • $1,299,000
      19,794 SF

      Two Trenton Buildings on Large Lot

      Two buildings on a large lot, ideal for investors.
      802 Prospect Street, Trenton, NJ 08618
      View Details
    • $475,000
      2,365 SF

      Updated Multifamily Property with Garage

      Five units plus garage in Trenton, New Jersey.
      713 W STATE Street, TRENTON, NJ 08618
      View Details
    • $279,000
      1,816 SF

      Tenant-Occupied Duplex in Trenton

      Two-unit property with immediate rental income and upside potential.
      321 PARKWAY Avenue, TRENTON, NJ 08618
      View Details
    • $899,000
      1,716 SF

      Mixed-Use Redevelopment Opportunity in Trenton

      Approved mixed-use redevelopment with retail and residential units.
      1304 S BROAD Street, TRENTON, NJ 08610
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story building with offices, auditorium, and gymnasium.
    Where is this office building located?
    The property is located at 140 E Hanover St Trenton, NJ.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Multi‑purpose 3‑story building suitable for offices, auditorium, and gymnasium; Total building area of approximately 29,100 SF; Located on a 11,723 SF irregular shaped parcel of land
    (609) 394-7557 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Charles Teh
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!