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Property profile & analytics
OFF-MARKET
Estimated value
$255,000
Commercial real estate
308 State St Trenton, NJ 08618-5704
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US59-2554974
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1892
Construction
BRICK
Total area
1,950 SF
Lot
0.03 ac (1,316 SF)
Zoning code
HIST
APN
11 02304-0000-00006
UPID
US59-2554974
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
Current use
Occupant on record · Public records
-
Terra Nova Environ Svc LLC Environmental Consultant
-
Capital Jewelry (Bike/Boat/Book/etc) Store
-
The New Jersey Coalition for Financial Education Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$255k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$255k
Owner & transaction history
308 W State Properties LLC · 20 yrs held
308 W State Properties LLC
since 2006
3 recorded transactions
Zoning & alternative use
HIST · Trenton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Trenton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Trenton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$255k
Range $230k – $281k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$131 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$7,494
Tax year 2022
Assessed value
$137,300
Assessed 2023
Previous assessed
$137,300
+0.0% YoY
Effective rate
5.46%
On assessed value
Assessed land
$23,900
Assessed improvement
$113,400
Land market value
$23,900
Improvement market value
$113,400
Total market value
$137,300
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1892
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Total area
1,950 SF
Lot
0.03 ac (1,316 SF)
Zoning code
HIST
APN
11 02304-0000-00006
UPID
US59-2554974
Jurisdiction
MERCER
Zoning & alternative use
HIST · Trenton, NJZoning HIST · permitted uses
HIST · Trenton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1892
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
308 W State Properties LLC
Entity
Mailing address
909 HERMANN RDA, N BRUNSWICK, NJ 08902-2344
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2006
$160,000
308 W State Properties LLC
Hester,james R
Grant Deed
$163,700 · Steve & Francesca Drulis
Nov 2, 2004
$135,000
James R Hester
308 Associates
Grant Deed
$108,000 · Heritage Mortgage
—
—
308 W State Properties LLC
—
Deed Of Trust
related
$120,000 · Commerce Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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