33 E State St, Trenton, NJ
High-end retail space with additional showroom potential in prime location.
- Added:
- Apr 25, 2023
- Days on Market:
- 1146
- Last Refresh:
- May 19 at 10:14 pm
Property Features for 33 E State St
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 0.10 Acres
- Property subtype
- RETAIL
Listing agent Charles Teh
Listing office Segal LaBate Commercial Real Estate (609) 394-7557
Listing date Apr 25, 2023
Source Moodyscre
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HighLights
- Prime location in Trenton's Central Business District with heavy pedestrian and vehicle traffic.
- Boasting 5,968 SF total property size including 1,200+ SF high‑end renovated retail space.
- 5,000+ SF unfinished space suitable for showroom, furniture store, or inventory.
- Easy access to major routes (1, 29, 129, 95, 295, I‑95) and public transportation (bus, train).
- Zoning permits a broad range of retail and office uses.
- High‑end finishes including marble floor and large display window.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.9k | $22.44 |
| − Vacancy | −$1.3k | −$1.08 |
| EGI | $25.6k | $21.36 |
| − OpEx | −$7.7k | −$6.41 |
| NOI | $17.9k | $14.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Trenton
- County
- Mercer
- State
- New Jersey
- Longitude
- -74.7672
- Latitude
- 40.2203