Trenton Industrial/Flex Redevelopment
For Sale
Contact for pricing
12 Pierce Avenue, Trenton, NJ 08629
6,924 SF industrial/flex building on a double lot.
Property Size6,924 SF
Lot Size0.28 Acres
Price / SF$101.10
Days on Market95
Property Features for 12 Pierce Avenue
General Information
Standard status
Active
Size
6,924 SF
Class
C
Total Parking Spaces
20
Lot size
0.28 Acres
Property subtype
Mixed Use, Land, Industrial
Zoning
Comm 4A - Commercial and Mixed Use District
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1950
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
NJ Elite Group
(732) 523-0757
Listed By:
Seth Nelson · License #2565536
Source:
Crexi
Added: May 20
Changed: Aug 21
Last Checked: Aug 21 at 7:26AM
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 NJ Elite Group
Investment Insights
Based on property information with market context.
This property presents a redevelopment or adaptive reuse opportunity in Trenton’s East Ward. It features a 6,924+/- SF industrial/flex building across two levels, situated on a double lot totaling approximately 12,000 SF. The building has approximately 60 feet of frontage with possible 90 feet of rear street frontage. The property has a block-through configuration with two large roll-up steel doors on opposite sides of the building. The first floor is set up as a warehouse/contractor-style space, while the second floor features a boxing gym/training space. The property includes office space and two bathrooms. The sale includes Lots 6–8 Pierce Avenue and Lot 12 Pierce Avenue. Additional land creates upside for parking, outdoor storage, expansion, or future redevelopment. It is a strong fit for developers, investors, owner-users, contractors, fitness operators, or flex/warehouse users.
Key Highlights
- Prime redevelopment/adaptive reuse opportunity in Trenton's East Ward.
- Block‑through configuration with two large roll‑up steel doors.
- Double lot totaling approximately 12,000 SF with additional land for parking, storage, or expansion.
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
$58,639
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
8.38%
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%
$1,172,780
$1.2M
Cap Rate 7%
$837,700
$837.7K
Cap Rate 9%
$651,544
$651.5K
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
$97.2K $14.04/SF
− Vacancy
−$7.0K −$1.01/SF
EGI
$90.2K $13.03/SF
− OpEx
−$31.6K −$4.56/SF
NOI
$58.6K $8.47/SF
Area
Mercer County, NJ
Vacancy
7.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
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%
$1,172,780
Cap Rate 7%
$837,700
Cap Rate 9%
$651,544
Alternative Uses
Best Use
Industrial
$1.85M
$1.62M – $2.16M
NOI $129,538 @ 7.0% cap · market cap 18.51%
Second Best
Mixed Use
$1.31M
$1.14M – $1.52M
NOI $91,397 @ 7.0% cap · market cap 13.06%
Theoretical Best
Warehouse
$2.23M
$1.95M – $2.60M
NOI $155,940 @ 7.0% cap · market cap 22.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
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 Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - 6,924 SF industrial/flex building on a double lot.
Where is this mixed-use property located?
The property is located at 12 Pierce Avenue Trenton, NJ.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Prime redevelopment/adaptive reuse opportunity in Trenton's East Ward.; Block‑through configuration with **two large roll‑up steel doors**.; Double lot totaling approximately 12,000 SF with additional land for parking, storage, or expansion.
