Classic Brownstone in Historic
For Sale
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202 W State St, Trenton, NJ 08608
Four-story brownstone building in Trenton's State House Historic District.
Property Size5,000 SF
Price / SF$115
Days on Market3158
Property Features for 202 W State St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Office
Listing Agency:
Segal LaBate Commercial Real Estate
(609) 394-7557
Listed By:
Anne LaBate · License #NJ 9587202
Source:
Crexi
Added: Dec 6, 2017
Changed: Jul 6
Last Checked: Jul 29 at 2:41PM
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 Segal LaBate Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in Trenton's State House Historic District, this offering includes a classic 4-story brownstone building comprised of two parcels. One parcel, identified as Block 3707, Lot 3, features a masonry structure with a building footprint of approximately 1,400 square feet and a total above-grave area of 5,026 square feet. The second parcel, Block 3706, Lot 1, is a paved lot situated on the corner of Capital Street and Greens Place.
Key Highlights
- Located in Trenton's State House Historic District
- Includes a 4‑story building with approximately 5,026 SF of above‑grave area and a paved lot
- Building footprint is approximately 1,400 SF
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.2k | $13.44 |
| − Vacancy | −$7.4k | −$1.48 |
| EGI | $59.8k | $11.96 |
| − OpEx | −$15.0k | −$2.99 |
| NOI | $44.9k | $8.97 |
5,000 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$640.8K
$560.7K – $747.6K
NOI $44,856 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,608 @ 7.0% cap · market cap 19.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 08608, NJ
1,269
Population
645
Households
2
Avg Household Size
41
Median Age
25%
College-Educated
77%
High-School Grad
0.3 sq mi
ZIP Area
4,230
Density / Sq Mi
$48,232
Median Earnings
$1,009
Median Rent
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Four-story brownstone building in Trenton's State House Historic District.
Where is this office building located?
The property is located at 202 W State St Trenton, NJ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Located in Trenton's State House Historic District; Includes a 4‑story building with approximately 5,026 SF of above‑grave area and a paved lot; Building footprint is approximately 1,400 SF
