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    Industrial Buildings and Parking Lot Title is generated by Realmo AI

    54-60 Oakland St, Trenton, NJ 08618

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    Industrial buildings, parking, and vacant lots on 1.1 acres.

    Type:Industrial
    Property size:
    32,400 SF
    Lot size:
    1.10 Acres
    Added:
    May 10, 2023
    Days on Market:
    1124
    Last Refresh:
    May 12 at 10:44 pm

    Property Features for 54-60 Oakland St

    General Information

    Standard status
    Active
    Size
    32,400 SF
    Lot size
    1.10 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Joseph Ridolfi

    Listing agent Joseph Ridolfi License #NJ 7819144

    Listing office Joseph R. Ridolfi & Associates LLC

    Listing date May 10, 2023

    Source Crexi

    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 Joseph R. Ridolfi & Associates LLC

    HighLights

    • Large combined warehouse space (approx. 32,400 SF)
    • Heavy power (480 volts, 3‑phase)
    • Fenced 22‑car parking lot and additional vacant lots for outside storage
    • Newer roof on the front building
    • Income‑producing potential from tenant‑occupied rear warehouse
    • Includes warehouse/office space, bathrooms, overhead door(s), public water and sewer, and gas‑fired heating

    Overview

    The property features two industrial buildings and a fenced parking lot situated on approximately 1.1 acres, accompanied by vacant lots. The front building, spanning approximately 24,000 square feet, incorporates warehouse and office spaces, along with bathrooms. It features ceiling heights ranging from 14 to 16 feet, an overhead door, and a recently replaced roof, including new roof joints, plywood sheathing, a rubber membrane roof, and downspouts. The rear building provides approximately 8,400 square feet of warehouse space with ceiling heights between 14 and 18 feet. Additionally, there is a garage building of approximately 600 square feet. A fenced parking lot between the buildings accommodates 22 cars. Vacant lots measuring 120 by 60 feet are available for outside storage. The property is equipped with heavy power, offering 480 volts, 3-phase. Heating is provided by hot air gas-fired systems, and the property is connected to public water and sewer services. The rear warehouse building, approximately 8,400 square feet, is tenant-occupied and income-producing and is also available for sale.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Time Document Storage — 2 Chelten Way, Trenton, NJ 08618
    • Storage Box Central — 558 W Ingham Ave, Ewing Township, NJ 08638
    • Scott moving & storage — 518 pennington ave, trenton, nj 08618
    • Extra Space Storage — 1479 Prospect St, Trenton, NJ 08638

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7746593
    Latitude
    40.2346178

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    FAQs

    What type of property is this?
    Warehouse - Industrial buildings, parking, and vacant lots on 1.1 acres.
    Where is this warehouse located?
    The property is located at 54-60 Oakland St Trenton, NJ.
    What are key features of this property?
    This property features: Large combined warehouse space (approx. 32,400 SF); Heavy power (480 volts, 3‑phase); Fenced 22‑car parking lot and additional vacant lots for outside storage
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joseph Ridolfi
    Real Estate License ID: NJ 7819144
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    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.

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