Mixed-Use Building with Meat
New
For Sale
$825,000
527 KLOCKNER ROAD, Trenton, NJ 08619
Two-level property combines a ground-floor meat market with an upstairs apartment and rear parking.
Property Size4,125 SF
Price / SF$200
Days on Market7
Property Features for 527 KLOCKNER ROAD
General Information
Standard status
Active
Size
4,125 SF
Property subtype
Mixed Use
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,121
Amenities
Central Air
Corner Lot.
Driveway.
Corner.
Building Details
Year Built
1949
Buildings
1
Abandoned
No
Listing Agency:
Home Journey Realty
(609) 237-8800
Listed By:
Linda LeMay-Kelly
(609) 651-3583
Source:
Xome
Added: Sep 1
Changed: Sep 6
Last Checked: Sep 6 at 3:36AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,091
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,321,820
$1.3M
Cap Rate 7%
$944,157
$944.2K
Cap Rate 9%
$734,344
$734.3K
Market Conditions
NOI Build-Up for 4,125 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $66,091 @ 7.0% cap · market cap 8.01%
Second Best
Retail
$881.2K
$771.1K – $1.03M
NOI $61,685 @ 7.0% cap · market cap 7.48%
Theoretical Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,902 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
