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Property profile & analytics
OFF-MARKET Estimated value $1,810,000
Industrial properties

480 Lalor St Trenton, NJ 08611

27,363 SF 1.44 ac lot Built 1950
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-1870342
Property summary
AI-generated overview

This exceptional 27,500-square-foot industrial property at 480 Lalor Street in Trenton, New Jersey, presents a unique investment opportunity. The single-tenant building, constructed in 1950, boasts a flexible layout suitable for various uses, including manufacturing, flex space, warehouse, and even retail, given its "MU" Mixed Use zoning. The building features a spacious 12-15 foot ceiling height, one loading dock, and ample parking with 30+ off-street spaces. The property sits on 1.4 acres of land and offers 200 feet of frontage on Lalor Street, ensuring high visibility for businesses. An average daily traffic count of 20,000 vehicles further enhances its appeal. The building's electrical capacity is 800 amps, 3-phase power. Its classification is Class C. The property's history as the former Switlik Parachute Company manufacturing and testing facility speaks to its robust construction. Its location within a Designated Urban Enterprise Zone offers potential economic advantages. This is a rare opportunity to acquire a well-maintained, versatile industrial property in a high-traffic area of Trenton. The entire 27,500 square feet is currently vacant.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1950
Construction BRICK
Total area 27,363 SF
Lot 1.44 ac (62,726 SF)
APN 11 18201-0000-00001
UPID US59-1870342
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
  • Switlik Parachute Company, Inc. Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.85M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.78M
Blend (final) Blend
$1.81M
Owner & transaction history
Florence 130 Plaza LLC · 3 yrs held
Florence 130 Plaza LLC
since 2022
Last sale
$1.8M
1 recorded transaction
2022
$1.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $2.9M +22.3%
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