Office Building For
For Sale
$679,500
2426 Nottingham Way, Trenton, NJ 08619
Office building available for purchase in Trenton, New Jersey.
Property Size2,774 SF
Days on Market138
Property Features for 2426 Nottingham Way
General Information
Standard status
Active
Size
2,774 SF
Class
C
Property subtype
Office
Zoning
CC
Building Details
Building Size
2,774 SF
Year Built
1960
Stories
1
Listing Agency:
Fennelly Associates
Listed By:
Gerard Fennelly
(609) 520-0061
Source:
Commercialcafe
Added: May 22
Changed: Oct 3
Last Checked: Oct 5 at 3:26PM
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 Fennelly Associates
Investment Insights
Based on property information with market context.
An office building is available for sale. The property is located in Trenton, New Jersey.
Key Highlights
- Office building available for purchase.
- Located in Trenton, New Jersey.
- Year Built: 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,886
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,720
$497.7K
Cap Rate 7%
$355,514
$355.5K
Cap Rate 9%
$276,511
$276.5K
Market Conditions
NOI Build-Up for 2,774 SF
Gross rent
$37.3K $13.44/SF
− Vacancy
−$4.1K −$1.48/SF
EGI
$33.2K $11.96/SF
− OpEx
−$8.3K −$2.99/SF
NOI
$24.9K $8.97/SF
Area
Mercer County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,720
Cap Rate 7%
$355,514
Cap Rate 9%
$276,511
Alternative Uses
Best Use
Office B
$355.5K
$311.1K – $414.8K
NOI $24,886 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$892.5K
$780.9K – $1.04M
NOI $62,475 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 08619, NJ
23,301
Population
9,761
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
2,330
Density / Sq Mi
$104,922
Median Household Income
$56,772
Median Earnings
$1,712
Median Rent
$320,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Office building available for purchase in Trenton, New Jersey.
Where is this office building located?
The property is located at 2426 Nottingham Way Trenton, NJ.
What is the asking price?
The asking price for this property is $679,500.
What are key features of this property?
This property features: Office building available for purchase.; Located in Trenton, New Jersey.; Year Built: 1960
