Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    479 State St Trenton, NJ 08618-5625

    • Commercial real estate
    • 8,071 SF
    • 2.20 lot acres
    OFF-MARKET
    Last Sale
    Jun 01, 2022
    $350,000
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1244330
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 479 State St

    Year built
    1950
    Construction
    BRICK
    Lot size
    2.20 lot acres
    Property size
    8,071 SF
    Property type
    Commercial real estate
    APN
    11 03002-0000-00004
    APU
    1103002000000004

    Description

    This exceptional 2.2-acre commercial land parcel at 479 W State St, Trenton, NJ (08618) presents a unique development opportunity. Currently under contract for purchase, this property is zoned for commercial use and offers significant potential for a variety of projects. Previously the site of the Trenton Bicycle Club, the property boasts an irregular lot (approximately 100 x 960 feet) providing ample space for creative design. Draft plans exist for a 36-unit mid-rise building incorporating retail space

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $335,000
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $491,000
      Market price range: $299k - $853k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7805
    Latitude
    40.226
    CBSA code
    45940
    CBSA name
    TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $19,103
    $170,200
    $179,800
    $350,000
    -
    $170,200
    $179,800
    $350,000

    Comparable in this City

    • Value Estimation
      $230,000
      0.02 Acres

      213 Bellevue Ave, Unit AFT

      COMMERCIAL (GENERAL) • 0.02 Acres
      213 Bellevue Ave, Trenton, NJ 08618-4622
      View Details
    • Value Estimation by Request

      55 Norman Ave, Unit BEF

      COMMERCIAL (GENERAL)
      55 Norman Ave, Trenton, NJ 08618-3003
      View Details
    • Value Estimation
      $260,000
      0.05 Acres

      131 Perry St

      COMMERCIAL (GENERAL) • 0.05 Acres
      131 Perry St, Trenton, NJ 08618-3924
      View Details
    • Value Estimation by Request
      684 SF

      241 Bernard St

      COMMERCIAL (GENERAL) • 684 SF
      241 Bernard St, Trenton, NJ 08618
      View Details
    • Value Estimation
      $80,000
      4,044 SF

      157-159 Frazier St, Unit 159

      COMMERCIAL (GENERAL) • 4,044 SF
      157-159 Frazier St, Trenton, NJ 08618-3614
      View Details
    • Value Estimation
      $255,000
      1,752 SF

      38 Wood St Rear

      COMMERCIAL (GENERAL) • 1,752 SF
      38 Wood St Rear, Trenton, NJ 08618-3940
      View Details

    Similar Nearby for Sale

    • $359,999
      1,202 SF

      Ewing Mixed-Use Building - Great Potential

      Renovated Commercial Space w/ Apartment
      893 Parkway Ave, Ewing, NJ 08618
      View Details
    • $1,166,000

      Ewing Township Commercial Land Sale

      ±1.12 Acres, Development Opportunity
      824 Pkwy Ave, Ewing Township, NJ 08618
      View Details
    • $495,000

      Trenton Retail Land Opportunity

      Historic Trenton Land, Prime Location
      169 Pennington Ave, Trenton, NJ 08618
      View Details
    • Contact for pricing
      8,400 SF

      Trenton Industrial Warehouse For Sale/Lease

      8,400 SF Warehouse, 22 Parking Spaces
      54-60 Oakland St, Trenton, NJ 08618
      View Details
    • $369,000
      2,400 SF

      Mixed-Use Property in Trenton, NJ

      Mixed-use property in historic district, close to downtown and routes.
      127 Perry St, Trenton, NJ 08618
      View Details
    • $250,000
      0.07 Acres

      Trenton Commercial Property For Sale

      Urban commercial property near canal, built in 1950, tenant occupied.
      17-23 Spring St, Trenton, NJ 08618
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      40,000 SF

      Prime Trenton Executive Office Space

      40,000 SF Office Building Available
      221 Hanover St, Trenton, NJ 08618
      View Details
    • $16 SF/Yr
      2,100 SF

      Ewing Retail Space For Lease

      Retail spaces available in active Ewing Square Shopping Center.
      950-970 Parkway Ave, Ewing, NJ 08618
      View Details
    • $12 SF/Yr
      37,500 SF

      Ewing Warehouse with Built-Out Office

      Warehouse with 2,500 SF office space and four overhead doors.
      1445 Lower Ferry Rd, Ewing, NJ 08618
      View Details
    • Contact for pricing
      8,340 SF

      Ewing Office and Retail Spaces

      Office and retail spaces available for lease in Ewing.
      1320 Parkway Ave, Ewing, NJ 08618
      View Details
    • $26 SF/Yr
      83,000 SF

      Campus Town Circle Retail Space

      Ewing, NJ: Prime Retail Medical Opportunity
      100 Campus Town Cir, Ewing Township, NJ 08618
      View Details
    • $13 SF/Yr
      2,500 SF

      Ewing Office Space For Rent

      First floor office space near Route 295 and Trenton-Mercer Airport.
      7 Dunmore Ave, Ewing, NJ 08618
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    479 State St
    Trenton, NJ 08618-5625
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.