Retail Space with Basement
24 S WARREN STREET, Trenton, NJ 08608
For Sale
New
Contact for pricing
Street-level premises feature a restroom, recessed and pendant lighting, and a roll-down security grille at the entrance.
Property Size1,864 SF
Price / SF$1.34
Days on Market7
Property Features for 24 S WARREN STREET
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Utilities to Site
Amenities
wood-look flooring
recessed lighting
statement pendant lighting
rustic corrugated metal accent ceiling
wainscoting
restroom
front security roll-down
Building Details
Year Built
Listing Agency:
Compass New Jersey, LLC - Fair Haven
(732) 936-5248
Listed By:
Valentina Grbavac · License #RS359771
(717) 574-1423
Source:
Cummingsrealtors
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 8 at 6:29AM
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 Compass New Jersey, LLC - Fair Haven
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Investment Insights
Based on property information with market context.
This 1,864-square-foot retail space occupies the street level at 24 S Warren Street and includes basement storage. Interior details include wood-look flooring, recessed and pendant lighting, corrugated metal accents, wainscoting and a restroom. A roll-down security grille is installed at the front. The building dates to 1950.
The property sits in downtown Trenton’s walkable commercial area, near the State House district and government offices. The lease is structured as gross, with the tenant responsible for utilities.
The property sits in downtown Trenton’s walkable commercial area, near the State House district and government offices. The lease is structured as gross, with the tenant responsible for utilities.
Key Highlights
- 1,864 square feet of street‑level retail space
- Basement storage included
- Wood‑look flooring, recessed lighting and pendant fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,874
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,480
$557.5K
Cap Rate 7%
$398,200
$398.2K
Cap Rate 9%
$309,711
$309.7K
Market Conditions
NOI Build-Up for 1,864 SF
Gross rent
$41.8K $22.44/SF
− Vacancy
−$2.0K −$1.08/SF
EGI
$39.8K $21.36/SF
− OpEx
−$11.9K −$6.41/SF
NOI
$27.9K $14.95/SF
Area
Mercer County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,480
Cap Rate 7%
$398,200
Cap Rate 9%
$309,711
Alternative Uses
Best Use
Retail
$398.2K
$348.4K – $464.6K
NOI $27,874 @ 7.0% cap · market cap 1,114.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$599.7K
$524.8K – $699.7K
NOI $41,980 @ 7.0% cap · market cap 1,679.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,250
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phillips 66
Shops & Services
5,035 visits/mo
0.5 miles
U-Haul
Shops & Services
2,283 visits/mo
0.2 miles
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
Properties on Market for Retail space in Trenton
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Street-level premises feature a restroom, recessed and pendant lighting, and a roll-down security grille at the entrance.
Where is this retail space located?
The property is located at 24 S WARREN STREET Trenton, NJ.
What are key features of this property?
This property features: 1,864 square feet of street‑level retail space; Basement storage included; Wood‑look flooring, recessed lighting and pendant fixtures
