Freestanding Mixed-Use
For Sale
Contact for pricing
1431 S OLDEN AVE, Trenton, NJ 08610
Two-level property combines a retail or office-ready first floor with a three-bedroom apartment above.
Property Size3,528 SF
Price / SF$179.99
Days on Market12
Property Features for 1431 S OLDEN AVE
General Information
Standard status
Active
Size
3,528 SF
Total Parking Spaces
4
Property subtype
Retail, Office, Mixed Use
Zoning
R-7
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Additional Details
Highway Access
Yes
Building Details
Year Built
1971
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
KW Commercial/ Richardson Commercial Group
(609) 586-1000
Listed By:
Steven Marusky, CCIM, GRI · License #NJ 7855828
Source:
Crexi
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 28 at 6:47AM
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 KW Commercial/ Richardson Commercial Group
Investment Insights
Based on property information with market context.
This freestanding mixed-use building, constructed in 1971, includes two floors and a full basement. The first level is currently configured for a hair salon and can support retail or office use. A three-bedroom apartment occupies the second floor, creating distinct commercial and residential components within the same property.
Located at 1431 S Olden Ave in Trenton, the property has direct exposure from the site and is near Interstate 2-95. The R-7 zoning designation and combination of commercial and residential space provide the central physical and land-use characteristics of the offering.
Located at 1431 S Olden Ave in Trenton, the property has direct exposure from the site and is near Interstate 2-95. The R-7 zoning designation and combination of commercial and residential space provide the central physical and land-use characteristics of the offering.
Key Highlights
- Freestanding mixed‑use building at 1431 S Olden Ave, Trenton, NJ
- 3‑bedroom apartment on the second floor
- First floor currently operates as a hair salon
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
$53,846
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
8.48%
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%
$1,076,920
$1.1M
Cap Rate 7%
$769,229
$769.2K
Cap Rate 9%
$598,289
$598.3K
Market Conditions
NOI Build-Up for 3,528 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
$105.8K $30.00/SF
− Vacancy
−$7.9K −$2.25/SF
EGI
$97.9K $27.75/SF
− OpEx
−$44.1K −$12.49/SF
NOI
$53.8K $15.26/SF
Area
Mercer County, NJ
Vacancy
7.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,076,920
Cap Rate 7%
$769,229
Cap Rate 9%
$598,289
Alternative Uses
Best Use
Apartment 5plus
$769.2K
$673.1K – $897.4K
NOI $53,846 @ 7.0% cap · market cap 8.48%
Second Best
Retail
$753.7K
$659.5K – $879.3K
NOI $52,758 @ 7.0% cap · market cap 8.31%
Theoretical Best
Warehouse
$1.14M
$993.2K – $1.32M
NOI $79,456 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Explore this area
Business Placement
Demographics for 08610, NJ
32,649
Population
12,363
Households
2.6
Avg Household Size
38
Median Age
25%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
4,412
Density / Sq Mi
$87,159
Median Household Income
$43,990
Median Earnings
$1,491
Median Rent
$248,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines a retail or office-ready first floor with a three-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 1431 S OLDEN AVE Trenton, NJ.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Freestanding mixed‑use building at 1431 S Olden Ave, Trenton, NJ; 3‑bedroom apartment on the second floor; First floor currently operates as a hair salon
