Corner Mixed-Use Retail and
For Sale
$999,000
789 Chambers St, Trenton, NJ 08611
Mixed-use building on a high-visibility corner with an occupied ground-floor discount store and two income-producing apartments.
Property Size5,568 SF
Price / SF$179.42
Days on Market76
Property Features for 789 Chambers St
General Information
Standard status
Active
Size
5,568 SF
Occupancy
100%
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$17,107
Building Details
Tenancy
Multi
Listing Agency:
LEGACY REALTY GROUP
(732) 744-0400
Listed By:
MAROOF SIDDIQI
Source:
Exprealty
Added: Jun 9
Changed: Aug 23
Last Checked: Aug 22 at 12:44PM
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 LEGACY REALTY GROUP
Investment Insights
Based on property information with market context.
This mixed-use property includes a ground-floor discount store plus two residential rental units, with 100% occupancy reported. The first apartment features 3 bedrooms and 2 full bathrooms, and the second apartment offers 2 bedrooms and 2 full bathrooms. The commercial storefront is described as spacious and includes ample storage space, supporting continued operations for the included business.
Located on a high-visibility corner in the heart of Trenton, the property is positioned near major highways and public transportation, with access to downtown Trenton and surrounding residential neighborhoods.
The sale includes both the real estate and the business, creating a turnkey ownership opportunity centered on an operating retail storefront and two separately maintained residential units.
Located on a high-visibility corner in the heart of Trenton, the property is positioned near major highways and public transportation, with access to downtown Trenton and surrounding residential neighborhoods.
The sale includes both the real estate and the business, creating a turnkey ownership opportunity centered on an operating retail storefront and two separately maintained residential units.
Key Highlights
- Mixed‑use building built in 1950 with 3 occupied units: ground‑floor discount store plus two residential rentals
- Unit 1: 3 bedrooms and 2 full bathrooms (residential rental)
- Unit 2: 2 bedrooms and 2 full bathrooms (residential rental)
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
$83,264
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
8.33%
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%
$1,665,280
$1.7M
Cap Rate 7%
$1,189,486
$1.2M
Cap Rate 9%
$925,156
$925.2K
Market Conditions
NOI Build-Up for 5,568 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
$124.9K $22.44/SF
− Vacancy
−$6.0K −$1.08/SF
EGI
$118.9K $21.36/SF
− OpEx
−$35.7K −$6.41/SF
NOI
$83.3K $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 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%
$1,665,280
Cap Rate 7%
$1,189,486
Cap Rate 9%
$925,156
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,264 @ 7.0% cap · market cap 8.33%
Second Best
Mixed Use
$1.05M
$918.7K – $1.22M
NOI $73,498 @ 7.0% cap · market cap 7.36%
Theoretical Best
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,400 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Explore this area
Business Placement
Demographics for 08611, NJ
31,531
Population
11,638
Households
2.7
Avg Household Size
32
Median Age
16%
College-Educated
70%
High-School Grad
2.9 sq mi
ZIP Area
10,873
Density / Sq Mi
$50,806
Median Household Income
$29,185
Median Earnings
$1,300
Median Rent
$142,400
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 - Mixed-use building on a high-visibility corner with an occupied ground-floor discount store and two income-producing apartments.
Where is this mixed-use property located?
The property is located at 789 Chambers St Trenton, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Mixed‑use building built in 1950 with 3 occupied units: ground‑floor discount store plus two residential rentals; Unit 1: 3 bedrooms and 2 full bathrooms (residential rental); Unit 2: 2 bedrooms and 2 full bathrooms (residential rental)
