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

    202 W State St Trenton, NJ 08608

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Four-story brownstone building in Trenton's State House District.

    Property Features for 202 W State St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1897

    We can help!

    Listing Contact
    Ms. Anne Labate
    Source: Exitrealty

    Listing Agency: Segal LaBate Commercial Real Estate Listing Agent: Ms. Anne Labate

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

    Learn more

    Property Insight Report

    Overview

    Classic Brownstone in State House

    This classic 4-story brownstone building is located in Trenton's State House District. The property is comprised of 2 parcels. One parcel, identified as Block 3707, lot 3, features a 4-story masonry structure with a building footprint of approximately 1,400 square feet and a total above-grave area of 5,026 square feet. The second parcel, identified as Block 3706, lot 1, is a paved lot situated on the corner of Capital Street and Greens Place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pringle Quinn Anzan Law Firm New Jersey Burglar ... Charitable Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7727519
    Latitude
    40.2219089

    Nearby Similar for Sale

    • $425,000
      5,438 SF

      Downtown Trenton Commercial Space For Sale

      5,438 SF commercial space in Trenton's historic downtown.
      318 S Broad St, Trenton, NJ 08608
      View Details
    • $849,990
      4,224 SF

      Renovated Office Suite For Sale

      First-floor office suite in Golden Crest Corporate Center.
      2275 Highway 33, Hamilton, NJ 08690
      View Details
    • $1,299,000
      19,794 SF

      Two Trenton Buildings on Large Lot

      Two buildings totaling 19,794 SF on a 1-acre lot.
      802 Prospect St, Trenton, NJ 08618
      View Details
    • Contact for pricing
      2,069 SF

      Retail Space in Lawrence, NJ

      Two retail units available for lease in Lawrence, New Jersey.
      152 Altamawr Ave, Lawrence, NJ 08648
      View Details
    • $1,100,000
      4,552 SF

      Industrial-Modern Building with Racing Track

      Striking building with high-end finishes, suitable for retail or office.
      2595 Yardville Hamilton Squ Rd, Hamilton, NJ 08690
      View Details
    • $229,999
      Pending

      Move-in Ready Office Condo

      Office suite with 7 offices, conference room, and kitchenette.
      1245 Whitehorse Mercerville Rd, Hamilton, NJ 08619
      View Details
    • New
      $250,000

      Professional Condo Near RWJ Hamilton

      Versatile condo ideal for medical or professional use.
      2081 Klockner Rd, Hamilton, NJ 08690
      View Details
    • $1,500,000
      1.14 Acres

      Prime Commercial Location in Robbinsville

      Excellent investment opportunity in a high-visibility Robbinsville location.
      1118 Us Highway 130, Robbinsville, NJ 08691
      View Details
    • New
      $300,000
      1,752 SF

      Spacious Trenton Multi-Family Duplex

      Versatile duplex in Trenton with flexible living options.
      489 W Hanover St, Trenton, NJ 08618
      View Details
    • New
      $139,500

      Mercer Professional Park Office Condo

      785 SF office condo in excellent condition for sale.
      2333 Whitehorse Mercerville Rd, Hamilton, NJ 08619
      View Details
    • New
      $499,999
      1,764 SF

      Turnkey Two-Family Home, Hamilton, NJ

      Updated two-family home with rental income potential in Hamilton, NJ.
      125 White Horse Ave, Hamilton, NJ 08610
      View Details
    • $250,000
      0.07 Acres

      Trenton Commercial Property For Sale

      Urban commercial property near canal, built in 1950, tenant occupied.
      17-23 Spring St, Trenton, NJ 08618
      View Details

    FAQs

    What type of property is this?
    Office building - Four-story brownstone building in Trenton's State House District.
    Where is this office building located?
    The property is located at 202 W State St Trenton, NJ.
    What are key features of this property?
    This property features: - Located in Trenton's State House District.; - Includes two parcels: a 4-story brownstone building and a paved lot.; - **Building footprint of approximately 1,400 SF with a total above-grave area of 5,026 SF.**
    (609) 394-7557
    Request Owner's contact information
    202 W State St Trenton, NJ 08608
    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.
    202 W State St
    Trenton, NJ 08608
    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
    202 W State St Trenton, NJ 08608
    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

    We can help!
    Listing Contact
    Ms. Anne Labate
    (609) 394-7557
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!