Prime Development Land
For Sale
$6,999,999
220 Bakers Basin Road, Trenton, NJ 08648
8-acre property with commercial potential in Lawrence Township, New Jersey.
Property Size25,000 SF
Lot Size8.00 Acres
Price / SF$279
Days on Market261
Property Features for 220 Bakers Basin Road
General Information
Standard status
Active
Size
25,000 SF
Lot size
8.00 Acres
Property subtype
Land
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Stephen M Kennedy · License #RS330775
(800) 299-2129
Source:
Actionplusrealty
Added: Dec 5, 2025
Changed: Aug 23
Last Checked: Aug 22 at 7:47AM
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 Empower
Investment Insights
Based on property information with market context.
Located in Lawrence Township, New Jersey, this 8-acre property offers a blend of natural surroundings and commercial potential. The site is encircled by greenery and bordered by a seasonal brook. Approximately 5.5 acres are cleared and graded, with the remaining land in progress. A 25,000-square-foot truck and storage terminal is being proposed. Preliminary diagrams are available, and the seller is pursuing formal plans and a zoning variance. The acreage currently generates an estimated $7,000 per month from approximately 14 trucks and has the capacity to accommodate up to seventy vehicles. Zoning permits a range of uses, including offices, outdoor recreation, research and development facilities, laboratories, agricultural operations, garden centers, light manufacturing, wholesale operations, and an animal hospital or kennel. The property is positioned near I-295 and Brunswick Pike, providing access to regional transit routes, shopping, dining, the Quaker Bridge Mall, and local industries. Its location near Princeton, Trenton, and the Pennsylvania border makes it suitable for multi-state coverage and future growth.
Key Highlights
- High income potential: Currently generating $7,000/month with capacity to accommodate up to 70 vehicles.
- Prime location: Convenient access to I‑295 and Brunswick Pike, near Princeton, Trenton, and the Pennsylvania border.
- Significant cost savings: Approximately 5.5 acres already cleared and graded, reducing buildout time and cost.
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
$563,040
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
8.04%
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%
$11,260,800
$11.3M
Cap Rate 7%
$8,043,429
$8.0M
Cap Rate 9%
$6,256,000
$6.3M
Market Conditions
NOI Build-Up for 25,000 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
$720.0K $28.80/SF
− Vacancy
−$57.6K −$2.30/SF
EGI
$662.4K $26.50/SF
− OpEx
−$99.4K −$3.97/SF
NOI
$563.0K $22.52/SF
Area
Mercer County, NJ
Vacancy
8.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
15.00%
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%
$11,260,800
Cap Rate 7%
$8,043,429
Cap Rate 9%
$6,256,000
Alternative Uses
Best Use
Warehouse
$8.04M
$7.04M – $9.38M
NOI $563,040 @ 7.0% cap · market cap 8.04%
Second Best
Industrial
$6.68M
$5.85M – $7.80M
NOI $467,712 @ 7.0% cap · market cap 6.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 08648, NJ
31,955
Population
12,217
Households
2.6
Avg Household Size
40
Median Age
60%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
1,913
Density / Sq Mi
$118,036
Median Household Income
$54,833
Median Earnings
$1,953
Median Rent
$395,400
Median Home Value
Market
Vacancy Rate% for Office 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?
Commercial land - 8-acre property with commercial potential in Lawrence Township, New Jersey.
Where is this commercial land located?
The property is located at 220 Bakers Basin Road Trenton, NJ.
What is the asking price?
The asking price for this property is $6,999,999.
What are key features of this property?
This property features: High income potential: Currently generating $7,000/month with capacity to accommodate up to 70 vehicles.; Prime location: Convenient access to I‑295 and Brunswick Pike, near Princeton, Trenton, and the Pennsylvania border.; Significant cost savings: Approximately 5.5 acres already cleared and graded, reducing buildout time and cost.
