Two-Level Industrial/Flex with Boxing
For Sale
$749,999
12 Pierce Avenue, Trenton, NJ 08629
Two-level industrial/flex building features warehouse space, offices, two bathrooms, and a second-floor boxing gym on included lots.
Property Size6,924 SF
Lot Size0.28 Acres
Price / SF$108.32
Days on Market68
Property Features for 12 Pierce Avenue
General Information
Standard status
Active
Size
6,924 SF
Lot size
0.28 Acres
Property subtype
Commercial
Additional Details
Drive-In Doors
2
Building Details
Year Built
1950
Stories
2
Listing Agency:
NJ Elite Group LLC
(732) 523-0757
Listed By:
Seth Nelson · License #2565536
(833) 740-1234
Source:
Actionplusrealty
Added: Jun 22
Changed: Aug 24
Last Checked: Aug 26 at 9:52AM
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 LLC
Investment Insights
Based on property information with market context.
12 Pierce Avenue is a two-level industrial/flex property configured with warehouse/contractor-style space on the first floor and a boxing gym on the second floor. The building includes office space, two bathrooms, and a block-through layout, supported by two large roll-up steel doors positioned on opposite sides of the structure for functional access and circulation.
The offering includes additional land via Lots 6-8 Pierce Avenue and Lot 12 Pierce Avenue, giving buyers added flexibility for parking, staging, outdoor storage, expansion, or future redevelopment, subject to applicable zoning and municipal approvals. The property is set on a double lot with approximately 60 feet of frontage and potential rear street frontage of approximately 90 feet.
For an owner-user, investor, or developer, the combination of practical warehouse access, existing office support, and the distinct second-floor gym space provides multiple ways to reposition or operate the asset within its existing configuration.
The offering includes additional land via Lots 6-8 Pierce Avenue and Lot 12 Pierce Avenue, giving buyers added flexibility for parking, staging, outdoor storage, expansion, or future redevelopment, subject to applicable zoning and municipal approvals. The property is set on a double lot with approximately 60 feet of frontage and potential rear street frontage of approximately 90 feet.
For an owner-user, investor, or developer, the combination of practical warehouse access, existing office support, and the distinct second-floor gym space provides multiple ways to reposition or operate the asset within its existing configuration.
Key Highlights
- Two‑level industrial/flex building with approximately 6,924+/- SF total building area
- Includes warehouse/contractor‑style first floor, office space, and two bathrooms
- Second floor features an impressive boxing gym
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
7.82%
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
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
2
Drive-in doors
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 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?
Flex space - Two-level industrial/flex building features warehouse space, offices, two bathrooms, and a second-floor boxing gym on included lots.
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 industrial/flex building with approximately 6,924+/- SF total building area; Includes warehouse/contractor‑style first floor, office space, and two bathrooms; Second floor features an impressive boxing gym
