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    Property profile & analytics

    121 1st Ave Hamilton, NJ 08619-3203

    • Industrial properties
    • 14.28 lot acres
    OFF-MARKET
    Value Estimation
    $1,465,000
    Last Sale
    Apr 30, 2020
    $1,471,180
    Location Intelligence
    Property ID
    US59-3065695
    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

    • Multi- use BOSS Warehouse / State Government Office

    Property Details for 121 1st Ave

    Year built
    1920
    Construction
    BRICK
    Lot size
    14.28 lot acres
    Property type
    Industrial properties
    APN
    03 01632-0000-00005- 01
    APU
    30163200000000501

    Description

    This Hamilton Township, NJ property, located at 121 1st Ave, offers a diverse range of industrial spaces for lease. The property encompasses 117,000 square feet across two buildings, situated on 14.28 acres of land. Multiple tenancy options are available, with a minimum divisible space of 5,000 square feet and a maximum contiguous space of 47,586 square feet. Currently, 67,586 square feet is vacant and immediately available. The buildings, constructed in 1920 and renovated in 2024, feature a four-story design with 14-foot ceilings. The property boasts ample parking with 135 spaces, along with four dock-high doors and two loading docks. Power is available at 800-1200 amps. Elevators are present in the building. The property also benefits from a 1st Avenue frontage. Outdoor storage and parking are available for lease on a per-acre basis. This versatile property is suitable for various industrial, manufacturing, distribution, warehouse, and flex uses. The building's floor area ratio (FAR) is 0.19.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,600,000
      6.5%
      $1,595,000
      7%
      $1,455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,295,000
      Geo Method
      $1,515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,660,000
      Retail
      $1,570,000
      Mixed-Use
      $1,665,000
      Hospitality
      $1,765,000
      Educational
      $1,635,000
      Residential Income
      $1,665,000
      Energy
      $1,555,000
      Income-Based Land
      $1,355,000
      Food Service
      $1,385,000

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.732
    Latitude
    40.2407
    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
    $108,909
    $671,700
    $2,678,300
    $3,350,000
    -
    $671,700
    $2,678,300
    $3,350,000

    Comparable in this City

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      27.13 Acres

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      2904 State St Ext

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      2904 State St Ext, Hamilton, NJ 08619-4504
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    • Value Estimation
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      2101 State St Ext Ste, Unit 2

      CONDOMINIUMS (INDUSTRIAL)
      2101 State St Ext Ste, Hamilton, NJ 08619-3300
      View Details
    • Value Estimation by Request
      6.06 Acres

      1980 State St Ext

      INDUSTRIAL (GENERAL) • 6.06 Acres
      1980 State St Ext, Hamilton, NJ 08619-3306
      View Details

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    121 1st Ave
    Hamilton, NJ 08619-3203
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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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