Property profile

200 W State St Trenton, NJ 08608

FOR LEASE
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Property ID
US59-0300468
4,708 SF 0.08 ac Built 1897
Last sale Apr 2025·$389,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a four-story brick building with brownstone trim, containing approximately 4,708 square feet. It is located directly across from the New Jersey State House, in an area that includes legislative offices and various state departments, and it provides convenient access via Route 29 to the I-95/195/295 beltway. The building includes rear parking access for tenants and has space on the first floor that is suited for leasing use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$18k
Tax billed · 2022
Assessed value · 2023$325k
Assessed land$69k
Assessed improvement$256k
Effective rate5.46%

Value estimate

· Nov 2026
$360k
$324k – $396k
AI approach$390k
NOI build-up
Gross scheduled income$7k
Vacancy & credit loss−$739
Operating expenses−$1k
NOI$4k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$61/SF
ZIP average, outlier-cleaned · 66 recorded sales of this use type
Observed band · Q1–Q3$40 – $89
Qualifying comparables12

Cap rate analysis

How does the asset earn?
$4k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
HIST
JurisdictionMERCER

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith9.3
Veterinary Clinic8.8
Watch Repair Shop8.8

Location

200 W State St Trenton, NJ 08608
County assessor Recorded deeds · 6 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
208 State, Trenton, NJ 08608-1007 $300,000 Jun 2024 4,852 SF
324 Broad, Trenton, NJ 08608-2500 $475,000 Apr 2024 5,152 SF
222-224 Hanover, Trenton, NJ 08608-1804 $195,000 Apr 2024 4,491 SF
9 Broad, Trenton, NJ 08608-2101 $100,000 Jan 2024 5,336 SF
129 Broad, Trenton, NJ 08608-1303 $250,000 Jan 2024 4,384 SF
156 State, Trenton, NJ 08608-1100 $452,500 Dec 2023 5,530 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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