Building Details

Year Built 1949

Buildings 1

Abandoned No

Listing Agency: Home Journey Realty a***@homejourneyre.com Show Phone

Listed By: Linda A LeMay-Kelly Show Phone

Source: Cummingsrealtors

Added: Sep 4 Changed: Oct 21 Last Checked: Oct 20 at 10:29PM

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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 Home Journey Realty

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Investment Insights

Based on property information with market context.

Built in 1949, this mixed-use building pairs a ground-floor meat market with a two-bedroom apartment on the upper level. The commercial space is equipped for its current meat-market use, while the residential component adds a separate apartment configuration within the building.

Building updates include new electrical systems throughout, along with new heating and HVAC. Rear parking serves the property. The combination of commercial and residential space creates a flexible mixed-use layout for an owner-operator or buyer seeking multiple functional components in one building.

Key Highlights

• Ground‑floor meat market with upper‑level 2‑bedroom apartment
• New electrical systems installed throughout the building
• New heating and HVAC systems

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,091

Cap Rate

8.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,321,820 $1.3M

Cap Rate 7%

$944,157 $944.2K

Cap Rate 9%

$734,344 $734.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,125 SF

Gross rent

$92.6K $22.44/SF

− Vacancy

−$4.4K −$1.08/SF

EGI

$88.1K $21.36/SF

− OpEx

−$22.0K −$5.34/SF

NOI

$66.1K $16.02/SF

Area

Mercer County, NJ

Vacancy

4.80%

Lease Rate

$22.44 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,321,820

Cap Rate 7%

$944,157

Cap Rate 9%

$734,344

Alternative Uses

Best Use

Specialty Retail

$944.2K

$826.1K – $1.10M (±1% cap)

NOI $66,091 @ 7.0% cap · market cap 8.01%

Second Best

Retail

$881.2K

$771.1K – $1.03M (±1% cap)

NOI $61,685 @ 7.0% cap · market cap 7.48%

Theoretical Best

Warehouse

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $92,902 @ 7.0% cap · market cap 11.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Victors meat market Take-out & Catering

Suggested Use

Top Pick Dental Office Skin Care Clinic Daycare Center Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

443

Businesses Nearby

Explore this area Business Placement

Demographics for 08619, NJ

23,301

Population

9,761

Households

2.4

Avg Household Size

44

Median Age

46%

College-Educated

96%

High-School Grad

10.0 sq mi

ZIP Area

2,330

Density / Sq Mi

$104,922

Median Household Income

$56,772

Median Earnings

$1,712

Median Rent

$320,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-level property combines a ground-floor meat market with an upstairs apartment and rear parking.

Where is this mixed-use property located?

The property is located at 527 KLOCKNER ROAD Trenton, NJ.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: Ground‑floor meat market with upper‑level 2‑bedroom apartment; New electrical systems installed throughout the building; New heating and HVAC systems