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    169 Pennington Ave Trenton, NJ 08618

    • Commercial real estate
    • 2,321 SF
    • 0.10 lot acres
    For Sale
    View listing
    $495,000
    Value Estimation
    Last Sale
    Jan 05, 2021
    $195,000
    Location Intelligence
    Property ID
    US59-2664864
    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

    • The Chicken Brothers / Deli
    • TaraTravis / School

    Property Details for 169 Pennington Ave

    Year built
    1861
    Construction
    FRAME
    Lot size
    0.10 lot acres
    Property size
    2,321 SF
    Property type
    Commercial real estate
    APN
    11 04501-0000-00015
    APU
    1104501000000015

    Description

    This exceptional 0.097-square-foot commercial land parcel presents a unique investment opportunity in the heart of Trenton, New Jersey. Located at 169 Pennington Avenue, this property boasts a rich history, having been built in 1861. The three-story building on the site offers significant potential for redevelopment or repurposing, catering to a variety of commercial uses. Given its prime location and historical significance, this property is ideally suited for an investor seeking a high-impact project. The asking price is $495,000. The property's zoning and permitted uses should be independently verified. While the lot size is recorded as 0.097 square feet, potential buyers are strongly encouraged to conduct their own due diligence to confirm the exact dimensions and boundaries of the property. This is a rare chance to acquire a piece of Trenton's history and capitalize on its future potential. The property's address is 169 Pennington Avenue, Trenton, NJ 08618. The property is located in Mercer County. Further details regarding the property's condition and potential uses are available upon request. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $200,000
      6.5%
      $165,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $170,000
      Geo Method
      $160,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $185,000
      Retail
      $170,000
      Mixed-Use
      $185,000
      Hospitality
      $165,000
      Educational
      $155,000
      Residential Income
      $150,000
      Energy
      $185,000
      Income-Based Land
      $170,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7689
    Latitude
    40.229
    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
    $6,184
    $30,600
    $82,700
    $113,300
    -
    $30,600
    $82,700
    $113,300

    Comparable in this City

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      1480 Pennington Rd

      COMMERCIAL (GENERAL) • 7,369 SF
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    • Value Estimation by Request
      19.89 Acres

      Pennington Ave

      COMMERCIAL (GENERAL) • 19.89 Acres
      Pennington Ave, Trenton, NJ 08618
      View Details

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    169 Pennington Ave
    Trenton, NJ 08618
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    Realmo Value Estimation

    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.

    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.

    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
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