Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23 Main St Robbinsville, NJ 08691-1401

    • Commercial real estate
    • 0.45 lot acres
    OFF-MARKET
    Last Sale
    Sep 18, 2023
    $500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1091848
    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

    • Commercial real estate

    Property Details for 23 Main St

    Construction
    BRICK
    Lot size
    0.45 lot acres
    Zone code
    TC
    Property type
    Commercial real estate
    APN
    12 00001-0000-00042
    APU
    1200001000000042

    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
    Robbinsville
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.6233
    Latitude
    40.2153
    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
    $14,564
    $305,000
    $180,800
    $485,800
    -
    $305,000
    $180,800
    $485,800

    Comparable in this City

    • Value Estimation by Request
      6.68 Acres

      1153-1155 Rte 130

      COMMERCIAL (GENERAL) • 6.68 Acres
      1153-1155 Rte 130, Robbinsville, NJ 08691
      View Details
    • Value Estimation by Request
      10.73 Acres

      Robbins Allentown Rd

      COMMERCIAL (GENERAL) • 10.73 Acres
      Robbins Allentown Rd, Robbinsville, NJ 08691
      View Details
    • Value Estimation by Request
      2.38 Acres

      8 Black Frst Rd

      COMMERCIAL (GENERAL) • 2.38 Acres
      8 Black Frst Rd, Trenton, NJ 08691-1810
      View Details
    • Value Estimation by Request
      2.79 Acres

      1144 Us Hwy 130

      COMMERCIAL (GENERAL) • 2.79 Acres
      1144 Us Hwy 130, Robbinsville, NJ 08691
      View Details
    • Value Estimation by Request
      7.61 Acres

      780 Us Hwy 130th, Unit 800

      COMMERCIAL (GENERAL) • 7.61 Acres
      780 Us Hwy 130th, Hamilton, NJ 08691-2002
      View Details
    • Value Estimation
      $3,110,000
      24,750 SF

      17 Black Frst Rd

      COMMERCIAL (GENERAL) • 24,750 SF
      17 Black Frst Rd, Hamilton, NJ 08691-1809
      View Details

    Similar Nearby for Sale

    • $250,000
      5.44 Acres

      Hamilton Township Commercial Land

      5.44-Acre Commercial Lot, R&D Zoning
      830 Yardville Hamilton Sq Rd, Hamilton Township, NJ 08691
      View Details
    • $1,200,000
      0.78 Acres

      Robbinsville Multi-Use Land Parcel

      0.78-Acre Lot, High Potential
      2353 Rte, Robbinsville, NJ 08691
      View Details
    • $850,000
      5.17 Acres

      Prime Trenton Commercial Land

      5.17 Acres, Approved for Development
      0 Nj-33, Robbinsville Township, NJ 08691
      View Details
    • $2,500,000
      4.47 Acres

      Prime Trenton Commercial Land

      4.47 Acres, R&D Zoning, $2.5M
      890 Yardville Hamilton Squ Rd, Trenton, NJ 08691
      View Details
    • $675,000
      5,796 SF

      Hamilton Office Building - Prime Location

      Profitable Office Building, High Visibility
      2733 Nottingham Way, Hamilton, NJ 08691
      View Details
    • $2,999,900
      1,000 SF

      Robbinsville Retail Investment Opportunity

      High-Visibility Corner Lot, 1.14 Acres
      1118 Us Highway 130, Robbinsville, NJ 08691
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      162,043 SF

      Retail Space in Busy Center

      Retail opportunity in a busy shopping center near major routes.
      17 Main St, Trenton, NJ 08691
      View Details
    • $3,150 /Mo
      1,547 SF

      Updated Townhome in Robbinsville

      Recently updated, partially furnished townhome with premium features and convenient location.
      16 Deborah Ct, Robbinsville, NJ 08691
      View Details
    • $20 SF/Yr
      4,000 SF

      Retail Space on Route 130

      Retail space available for lease on a single floor.
      988 Us Highway 130, Robbinsville, NJ 08691
      View Details
    • Contact for pricing
      5,382 SF

      Office Space Near I-195

      Office space with easy highway access and ample parking.
      8 Commerce Way, Trenton, NJ 08691
      View Details
    • Contact for pricing
      14,464 SF

      Horizon Drive Flex/Industrial Space

      Flex/industrial space available for lease in Trenton, New Jersey.
      200 Horizon Dr, Trenton, NJ 08691
      View Details
    • $19 SF/Yr
      72,000 SF

      Robbinsville Medical Office Suites

      Modern medical office space, NJ.
      1 Un St, Robbinsville Township, NJ 08691
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23 Main St
    Robbinsville, NJ 08691-1401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.