168 Franklin Cor Rd 123 Lawrence Township, NJ 08648-2529
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
O · Lawrence Township, NJLawrence Township. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.