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 Market3250
Property Features for 202 W State St
General Information
Standard status
Active
Size
5,000 SF
Class
B
Property subtype
Office
Zoning
BA-Historic District
Lease Type
Gross
Building Details
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
Segal LaBate Commercial Real Estate
Listed By:
Anne LaBate · License #NJ 9587202
(609) 947-5812
Source:
Crexi
Added: Dec 6, 2017
Changed: Oct 26
Last Checked: Oct 30 at 11:02AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$44,856
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,120
$897.1K
Cap Rate 7%
$640,800
$640.8K
Cap Rate 9%
$498,400
$498.4K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$67.2K $13.44/SF
− Vacancy
−$7.4K −$1.48/SF
EGI
$59.8K $11.96/SF
− OpEx
−$15.0K −$2.99/SF
NOI
$44.9K $8.97/SF
Area
Mercer County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,120
Cap Rate 7%
$640,800
Cap Rate 9%
$498,400
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,040
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
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
