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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    143 State St Trenton, NJ 08608

    • Commercial real estate
    • 146,648 SF
    For Lease
    View listing
    $9 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0663474
    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

    • Smart Choice. Llc Dollarsmax PC Connection / Internet Marketing Service / Marketing Agency
    • Broad Street Bank Buiding / Bank
    • Broad street bank apts. / Apartment Building
    • Apollon Group LLC / Building Restoration Service
    • Testosterone HGH OptiHealth therapy / Medical Clinic

    Property Details for 143 State St

    Property size
    146,648 SF
    Property type
    Commercial real estate

    Description

    This meticulously restored 146,648 square foot retail property at 143 East State Street, Trenton, NJ 08608, offers multiple spaces for lease. Units range from a minimum of 1,000 square feet to a maximum contiguous space of 3,552 square feet, with a total of 8,280 square feet currently vacant. The building boasts large arched display windows, high ceilings, and columns, creating a unique and impactful retail environment. Benefit from high street visibility and heavy pedestrian traffic in this ideal location. The property is situated at the intersection of East State and Montgomery Streets, providing convenient access to state and local government buildings, Mercer County Community College, and Mill Hill. Excellent transportation options include proximity to Interstates 95/195/295 via Routes 1 & 29, as well as public transit buses and trains. The building also features 124 residential apartments on the upper floors, creating a built-in customer base for ground floor businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7621962
    Latitude
    40.2200016

    Comparable in this City

    • $18 SF/Yr
      305,884 SF

      Capital Center: Trenton Retail/Office

      Downtown Trenton retail & office space available.
      50 State St, Trenton, NJ 08608
      View Details
    • $18 SF/Yr
      6,000 SF

      Prime Commercial Space in Trenton

      6,000 SF divisible space ideal for retail or office.
      214-220 S Broad St, Trenton, NJ 08608
      View Details
    • $9 SF/Yr

      Versatile Commercial Space Near Transit

      Ground-floor space ideal for retail, restaurant, office, or daycare.
      143 State St, Trenton, NJ 08608
      View Details
    • $18 SF/Yr
      305,885 SF

      Prime Trenton Retail Space

      Downtown Trenton retail, 4,088 sq ft available
      50 State St, Trenton, NJ 08608
      View Details
    • $18 SF/Yr
      6,000 SF

      Prime Trenton Office/Retail Space

      6,000 SF Available, Divisible
      214 Broad St, Trenton, NJ 08608
      View Details
    • $9 SF/Yr

      Versatile Commercial Space Near Transit

      Ground-floor space ideal for retail, restaurant, office, or daycare.
      143 State St, Trenton, NJ 08608
      View Details

    Similar Nearby for Sale

    • $250,000
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      Downtown Trenton Commercial Building For Sale

      Commercial building in Downtown Trenton with versatile potential for apartments/offices.
      107 E State St, Trenton, NJ 08608
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    • New
      $500,000
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      Downtown Trenton Commercial Space Available

      5,438 SF commercial space in Trenton's historic downtown.
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    • $300,000
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      Mixed-Use Property in Downtown Trenton

      Mixed-use property with income potential in a desirable location.
      9 E State St, Trenton, NJ 08608
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    • $250,000
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      Renovated Retail Space in Trenton

      High-end retail space with additional showroom potential in prime location.
      33 E State St, Trenton, NJ 08608
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    • $795,000

      Turn-Key Restaurant with Apartments Above

      Profitable restaurant with four apartments in Trenton, NJ.
      192 S Broad St, Trenton, NJ 08608
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    • Contact for pricing
      49,500 SF

      Mixed-Use Retail/Office Redevelopment Opportunity

      49,500 SF mixed-use building in Downtown Trenton.
      117-121 East State Street Ext, Trenton, NJ 08608
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      305,884 SF

      Capital Center: Trenton Retail/Office

      Downtown Trenton retail & office space available.
      50 State St, Trenton, NJ 08608
      View Details
    • Contact for pricing
      19,370 SF

      Prime Retail Space in Trenton

      19,370 SF retail space at base of office building.
      240 W State St, Trenton, NJ 08608
      View Details
    • $20 SF/Yr
      2,675 SF

      Renovated Trenton Building For Rent

      Newly renovated historic building in Trenton's government and business district.
      39-41 W State St, Trenton, NJ 08608
      View Details
    • $18 SF/Yr
      305,885 SF

      Prime Trenton Retail Space

      Downtown Trenton retail, 4,088 sq ft available
      50 State St, Trenton, NJ 08608
      View Details
    • $18 SF/Yr
      6,000 SF

      Prime Trenton Office/Retail Space

      6,000 SF Available, Divisible
      214 Broad St, Trenton, NJ 08608
      View Details
    • $18 SF/Yr
      6,000 SF

      Prime Commercial Space in Trenton

      6,000 SF divisible space ideal for retail or office.
      214-220 S Broad St, Trenton, NJ 08608
      View Details
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    143 State St
    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
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