Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate
22-24 Broad St 24 Trenton, NJ 08608-1702
Entity Owned
3-yr Hold
Free & Clear
Property ID
US59-0975486
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1958
Construction
BRICK
Total area
6,434 SF
Lot
0.07 ac (3,034 SF)
APN
11 00504-0000-00020- 01
UPID
US59-0975486
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sababu Capital LLC · 3 yrs held
Sababu Capital LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Trenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Trenton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$15,452
Tax year 2022
Assessed value
$283,100
Assessed 2023
Previous assessed
$283,100
+0.0% YoY
Effective rate
5.46%
On assessed value
Assessed land
$47,700
Assessed improvement
$235,400
Land market value
$47,700
Improvement market value
$235,400
Total market value
$283,100
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1958
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
6,434 SF
Lot
0.07 ac (3,034 SF)
APN
11 00504-0000-00020- 01
UPID
US59-0975486
Jurisdiction
MERCER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1958
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Sababu Capital LLC
Entity
Free & Clear · 3 yrs held
Mailing address
12 PIERCE AVE, TRENTON, NJ 08629-2110
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2023
—
Sababu Capital LLC
—
Deed
related
$750,000 · New Jersey Redevelopment Authority
Nov 28, 2022
—
Sababu Capital LLC
Broad & Hanover LLC
Bargain And Sale Deed
—
Aug 6, 2020
—
Broad & Hanover LLC
Sumai J Sababu
Grant Deed
—
Aug 16, 2018
$180,000
Sumai J Sababu
Changsheng Lu
Grant Deed
$1,400 · Evergreen R/e Invs LLC
Nov 7, 2013
—
Khl 10 INC
Sheriff Of Mercer County
Trustees Deed
$645,000 · Foo-lu Co
May 17, 2006
$550,000
22 N Broad St Realty Corp
Rim,mark C & Helen T
Grant Deed
$520,000 · Foo-lu Company
—
—
22 N Broad St Realty Corp
—
Deed Of Trust
related
$30,000 · Foo-lu Co
—
—
22 N Broad St Realty Corp
—
Deed Of Trust
related
$250,000 · Foo-lu Co
—
—
22 N Broad St Realty Corp
—
Deed Of Trust
related
$1,441,416 · Foo-lu Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 22-24 Broad St, Unit 24?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
