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

    2616 E State Street Ext Trenton, NJ 08619

    • Commercial real estate
    • 3.19 lot acres
    For Lease
    View listing
    $1,600 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0430946
    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 2616 E State Street Ext

    Year built
    1976
    Construction
    CONCRETE BLOCKS
    Lot size
    3.19 lot acres
    Property type
    Commercial real estate
    APN
    03 01588-0000-00012
    APU
    301588000000012

    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
    Hamilton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7135
    Latitude
    40.2476
    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
    2023
    $53,690
    $364,700
    $1,260,800
    $1,625,500
    -
    $364,700
    $1,260,800
    $1,625,500

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      536 Rte

      Commercial real estate • 0.50 Acres
      536 Rte, Hamilton, NJ 08619
      View Details
    • Value Estimation by Request
      1.90 Acres

      28 Industrial Dr

      COMMERCIAL (GENERAL) • 1.90 Acres
      28 Industrial Dr, Hamilton, NJ 08619-3281
      View Details
    • Value Estimation by Request
      22.39 Acres

      199 Whitehead Rd

      COMMERCIAL (GENERAL) • 22.39 Acres
      199 Whitehead Rd, Hamilton, NJ 08619-3201
      View Details
    • Value Estimation
      $7,215,000
      40,000 SF

      3625 Mercerville Quakerbridge Rd

      COMMERCIAL (GENERAL) • 40,000 SF
      3625 Mercerville Quakerbridge Rd, Hamilton, NJ 08619-1268
      View Details
    • Value Estimation by Request

      3 Nami Ln

      COMMERCIAL (GENERAL)
      3 Nami Ln, Hamilton, NJ 08619-1285
      View Details
    • Value Estimation by Request

      Nottingham Way

      COMMERCIAL (GENERAL)
      Nottingham Way, Trenton, NJ 08619
      View Details

    Similar Nearby for Sale

    • $599,900
      2,367 SF

      Hamilton Auto Service Facility

      Prime Hamilton location, 2,367 sq ft, great tenant.
      2539 Nottingham Way, Hamilton, NJ 08619
      View Details
    • $12,000,000
      40.00 Acres

      Hamilton Township Industrial Land

      40-acre prime industrial land, excellent location.
      10 Youngs Rd, Hamilton Township, NJ 08619
      View Details
    • Contact for pricing
      0.50 Acres

      Hamilton NJ Warehouse Space

      Prime Route 33 warehouse, 900 sq ft, $1500/month.
      536 Rte, Hamilton, NJ 08619
      View Details
    • $2,500,000
      5.38 Acres

      Hamilton Township Commercial Land

      5.38 Acres, Prime Mercer County Location
      1709 Whitehorse Mercerville Rd, Hamilton Township, NJ 08619
      View Details
    • $255,000
      5,000 SF

      Hamilton Industrial Property - Great Potential

      5,000 sq ft industrial lot, $255,000
      48 Lansing Ave, Hamilton, NJ 08619
      View Details
    • $500,000
      1,613 SF

      Multi-Use Property Near Hamilton Station

      Versatile commercial property with residential, office, and automotive potential.
      110 Klockner Ave, Hamilton, NJ 08619
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,600 SF

      Prime Hamilton Township Medical Office Space

      2,600 SF Freestanding Building w/ Drive-Thru
      1191 Whitehorse Mercerville Rd, Hamilton Township, NJ 08619
      View Details
    • $2,572 /Mo

      Modern Medical Office Suites Available

      Modern medical office suites available for immediate occupancy.
      2275 Whitehorse Mercerville Rd, Hamilton, NJ 08619
      View Details
    • $27 SF/Yr
      14,025 SF

      Hamilton Township Medical Office Space

      NJ Medical Office Condos for Lease
      1544 Kuser Rd, Hamilton Township, NJ 08619
      View Details
    • $1,500 /Mo
      871 SF

      Mercer Professional Park Office Space

      Commercial office space for lease in Hamilton, NJ.
      2333 Whitehorse Mercerville Rd, Hamilton, NJ 08619
      View Details
    • $15 SF/Yr
      434 SF

      Warehouse Space with Loading Docks

      Warehouse space featuring loading dock access in Hamilton, NJ.
      200 Whitehead Rd, Hamilton, NJ 08619
      View Details
    • $2,250 /Mo
      22,651 SF

      Functional Office Suite For Lease

      Well-maintained office suite with 5 private offices available November 1.
      2382 Whitehorse Mercerville Rd, Hamilton, NJ 08619
      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.
    2616 E State Street Ext
    Trenton, NJ 08619
    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.