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    50 State St Trenton, NJ 08608

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    For Lease
    Contact for pricing

    Downtown Trenton retail & office space available.

    Lot size:
    305,884 SF

    Property Features for 50 State St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    305,884 SF
    Class
    B
    Total Rate
    458826

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    7

    Spaces For Lease

    at 50 State St, Trenton, NJ 08608 Contact us
    Unit Retail Space - Broad Street

    $22 /Mo

    Size
    3,007 SF
    Contact us
    Unit Retail Space - Warren Street

    $18 /Mo

    Size
    8,737 SF
    Contact us
    Unit Retail Space - Lobby Access

    $22 /Mo

    Size
    671 SF
    Contact us
    Unit Food Court Retail (1)

    $22 /Mo

    Size
    500 SF
    Contact us
    Unit Foot Court Retail (2)

    $22 /Mo

    Size
    700 SF
    Contact us
    Unit Food Court Retail (3)

    $22 /Mo

    Size
    1,000 SF
    Contact us
    Unit Office Space - 2nd Floor

    $18 /Mo

    Size
    2,000 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Anne Labate
    Anne Labate

    Listing Agency: Segal LaBate Commercial Real Estate Listing Agent: Anne Labate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Capital Center, a seven-story, Class B building totaling 305,884 square feet, offers a unique opportunity in the heart of Trenton, New Jersey. Located at 50 E State St, Trenton, NJ 08608, and situated near North Warren Street, this multi-tenant property boasts a prime location with excellent visibility. Currently, 15,831 square feet of space is vacant, offering a range of options for prospective tenants. Retail spaces, ranging from 500 to 8,737 square feet, are available on the first floor with street and lobby access. Additional retail space, up to 1,000 square feet, is available in the second-floor food court. The building also features office space on the second floor, with furnished options up to 2,000 square feet. Capital Center benefits from its proximity to the New Jersey State House and numerous state government offices, providing high foot traffic and visibility. Current co-tenants include prominent businesses such as TD Bank, Bank of America, Wells Fargo, Metro PCS, H&R Block, and Snipes. Built in 1989, this one-building property presents a compelling investment opportunity for businesses seeking a strategic location in a vibrant downtown setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Metro by T-Mobile Mobile Phone Store State Pensions Pension Office Rosenberg Michael L Law Firm Hughes William J Law Firm Myllie Crdt Repair ... Financial Advisor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7647032
    Latitude
    40.2204949

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Trenton retail & office space available.
    Where is this office property / space located?
    The property is located at 50 State St Trenton, NJ.
    What is the lease rate?
    The lease rate is $18-$22 SF/Yr.
    What are key features of this property?
    This property features: Seven-story, 305,884 SF Class B building in downtown Trenton, NJ.; Excellent visibility and high foot traffic due to proximity to the NJ State House and government offices.; Strong tenant mix including TD Bank, Bank of America, Wells Fargo, and others, with 15,831 SF of available space.
    (609) 394-7557 Call to check price and availability
    Request Owner's contact information
    50 State St Trenton, NJ 08608
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    Trenton, NJ 08608
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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.

    More about this property
    50 State St Trenton, NJ 08608
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Anne Labate
    Anne Labate
    Real Estate License ID: 9587202
    (609) 394-7557 (609) 947-5812
    Learn more
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