Historic Executive Office
New
For Sale
Contact for pricing
226 W State St, Trenton, NJ 08608
An office property with rear parking and access to major regional routes.
Property Size4,290 SF
Price / SF$116.32
Days on Market6
Property Features for 226 W State St
General Information
Standard status
Active
Size
4,290 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
4,290 SF
Listing Agency:
Segal LaBate Commercial Real Estate
(609) 394-7557
Listed By:
Charles Teh
(609) 635-3709
Source:
Moodyscre
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 5 at 8:29PM
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 Segal LaBate Commercial Real Estate
Investment Insights
Based on property information with market context.
This historic office building provides 4,290 square feet of executive office space, with parking for more than 10 cars at the rear.
The property is in downtown Trenton, close to the New Jersey State House, state legislative offices, the NJ State Library, and the State Museum. Routes 29 and 1 are accessible nearby, with connections to Interstates 95, 195, and 295 via Calhoun Street.
The property is in downtown Trenton, close to the New Jersey State House, state legislative offices, the NJ State Library, and the State Museum. Routes 29 and 1 are accessible nearby, with connections to Interstates 95, 195, and 295 via Calhoun Street.
Key Highlights
- 4,290 square feet of executive office space
- Rear parking for 10‑plus cars
- Downtown Trenton location near the New Jersey State House, state offices, NJ State Library, and State Museum
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,486
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,720
$769.7K
Cap Rate 7%
$549,800
$549.8K
Cap Rate 9%
$427,622
$427.6K
Market Conditions
NOI Build-Up for 4,290 SF
Gross rent
$57.7K $13.44/SF
− Vacancy
−$6.3K −$1.48/SF
EGI
$51.3K $11.96/SF
− OpEx
−$12.8K −$2.99/SF
NOI
$38.5K $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%
$769,720
Cap Rate 7%
$549,800
Cap Rate 9%
$427,622
Alternative Uses
Best Use
Office B
$549.8K
$481.1K – $641.4K
NOI $38,486 @ 7.0% cap · market cap 7.71%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,618 @ 7.0% cap · market cap 19.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 08608, NJ
1,269
Population
645
Households
2
Avg Household Size
41
Median Age
25%
College-Educated
77%
High-School Grad
0.3 sq mi
ZIP Area
4,230
Density / Sq Mi
$48,232
Median Earnings
$1,009
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - An office property with rear parking and access to major regional routes.
Where is this office building located?
The property is located at 226 W State St Trenton, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4,290 square feet of executive office space; Rear parking for 10‑plus cars; Downtown Trenton location near the New Jersey State House, state offices, NJ State Library, and State Museum
