Historic Executive Office
For Sale
Contact for pricing
226 West State Street, Trenton, NJ 08608
Executive office property with rear parking and access to Trenton’s downtown business district.
Property Size4,290 SF
Price / SF$116.32
Days on Market186
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Property Features for 226 West State Street
General Information
Standard status
Active
Size
4,290 SF
Class
B
Property subtype
Multifamily, Office, Mixed Use
Zoning
His
Building Details
Year Built
1897
Stories
3
Units
4
Listing Agency:
Segal LaBate Commercial Real Estate
Listed By:
Anne LaBate · License #NJ 9587202
(609) 394-7557
Source:
Crexi
Added: Apr 13
Changed: Oct 11
Last Checked: Oct 14 at 8:20PM
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.
Built in 1897, this historic office building provides 4,290 square feet of executive office space in downtown Trenton. The property includes rear parking for 10-plus cars and is zoned His.
The building is near the New Jersey State House, state legislative offices, New Jersey State Library, State Museum, and other cultural attractions. Routes 29 and 1 are immediately accessible, with connections to Interstates 95, 195, and 295 via Calhoun Street.
The building is near the New Jersey State House, state legislative offices, New Jersey State Library, State Museum, and other cultural attractions. Routes 29 and 1 are immediately accessible, with connections to Interstates 95, 195, and 295 via Calhoun Street.
Key Highlights
- 4,290 square feet of executive office space
- 1897 construction date
- Rear parking for 10‑plus cars
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
839
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Executive office property with rear parking and access to Trenton’s downtown business district.
Where is this office building located?
The property is located at 226 West State Street 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; 1897 construction date; Rear parking for 10‑plus cars
