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Property profile & analytics
OFF-MARKET
Commercial real estate
42-44 Lafayette St 44 Trenton, NJ 08608-2011
Individually Owned
12-yr Hold
Free & Clear
Property ID
US59-1571479
Property summary
AI-generated overview
This fee-simple medical office building, located at 42-44 W Lafayette St in Trenton, NJ (08608), offers 3,312 square feet of net rentable space across two stories. Built in 1950 and extensively renovated in 2013, the property boasts a new roof (installed in 2021) and well-maintained systems. The building features eight private offices (with potential for nine), a reception area, a newly renovated kitchenette, and a three-quarter finished basement. The permitted zoning is B-A. The asking price is $410,000, translating to $123.79 per square foot. Conveniently situated in downtown Trenton, the property enjoys close proximity to the war memorial and major roadways including Route 1, 29, I-295, and I-95. Access to both the Calhoun Street Bridge and the Morrisville Bridge is easily accessible. Secure private parking is provided via a security gate. This presents a compelling opportunity for medical professionals seeking a well-maintained, conveniently located office space in a thriving area.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1950
Construction
BRICK
Total area
3,087 SF
Lot
0.08 ac (3,485 SF)
APN
11 01903-0000-00016
UPID
US59-1571479
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Benevolent Assn Loca Policemen · 12 yrs held
Benevolent Assn Loca Policemen
since 2013
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Trenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Trenton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$14,840
Tax year 2022
Assessed value
$271,900
Assessed 2023
Previous assessed
$271,900
+0.0% YoY
Effective rate
5.46%
On assessed value
Assessed land
$109,400
Assessed improvement
$162,500
Land market value
$109,400
Improvement market value
$162,500
Total market value
$271,900
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1950
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
3,087 SF
Lot
0.08 ac (3,485 SF)
APN
11 01903-0000-00016
UPID
US59-1571479
Jurisdiction
MERCER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Benevolent Assn Loca Policemen
Individual
Free & Clear · 12 yrs held
Mailing address
42 W LAFAYETTE ST, TRENTON, NJ 08608-2011
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2013
$270,000
Benevolent Assn Loca Policemen
Deco 2001
Grant Deed
—
Sep 5, 1997
$230,000
2001 Deco
Vaughn,jeanne
Grant Deed
$150,000 · Fleet Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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