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Property profile & analytics
OFF-MARKET
Residential income properties

168 Franklin Cor Rd 123 Lawrence Township, NJ 08648-2529

5.59 ac lot Built 1980
Entity Owned 5-yr Hold Free & Clear
Property ID
US59-2532529
Property summary
AI-generated overview

This exceptional 1288-square-foot mixed-use office condominium, located at 168 Franklin Corner Road, Unit 230, Trenton, NJ, presents a fantastic investment opportunity. Situated on a 5.59-acre lot, this property boasts a freshly painted interior and new carpeting installed in 2024. The unit is conveniently elevator accessible and features a functional floor plan ideal for various professional uses, including media, legal, accounting, or medical practices. The open layout provides ample space for workstations and collaborative areas. Enjoy the benefits of a strong corporate neighborhood, with nearby businesses such as Ivy Rehab and Advocare. Recent building improvements include a new roof (2021) and a resurfaced parking lot with new striping (2020). The building management company, Thompson Management, is planning further upgrades to common areas, encompassing paint, flooring, and restroom renovations. Annual property taxes for 2024 are estimated at $5486, with monthly CAM fees of $700. Expect monthly PSEG utility costs to range from $80 to $170. This turnkey office space is ready for immediate occupancy and offers a compelling blend of modern amenities and a strategic location. The asking price is $215,000.

Property profile
Verified
Property type Residential income properties
Use group CONDOMINIUM OFFICES
Year built 1980
Lot 5.59 ac (243,457 SF)
Zoning code O
APN 07 03901-0000-00012-0000-C123
UPID US59-2532529
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jesal Real Estate Holdings LLC · 5 yrs held
Jesal Real Estate Holdings LLC
since 2021
Last sale
$146,500
1 recorded transaction
2021
$146,500
Zoning & alternative use
O · Lawrence Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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