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Property profile

487-489 State St 489 Trenton, NJ 08618

OFF-MARKET
Residential income homes
Property ID
US59-2072257
143,388 SF 2.28 ac lot Built 1950
Last sale Oct 2008 · $14,850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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?
$275k
Tax billed · 2022
Assessed value · 2023$7.85M
Assessed land$1.16M
Assessed improvement$6.69M
Effective rate3.50%

Value estimate

· Oct 2026
$7.10M
$6.39M – $7.81M
Submarket $/SF estimate$8.75M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$111/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$79 – $144

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMERCER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.0
Skin Care Clinic12.0
Auto Parts Store11.7

Location

487-489 State St, Unit 489 Trenton, NJ 08618-5625
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2030 Riverside, Trenton, NJ 08618-5863 $3,127,275 Dec 2023 17,080 SF
455 State, Trenton, NJ 08618-5628 $10,000,000 Oct 2022 24,132 SF
1100 Edgewood, Trenton, NJ 08618-5209 $3,511,091 Oct 2022 24,396 SF
9-11 Sanhican, Trenton, NJ 08618-5131 $1,404,449 Oct 2022 11,864 SF
333 Bellevue, Trenton, NJ 08618-4666 $2,000,000 Oct 2021 20,160 SF
177 Brunswick, Trenton, NJ 08618-5901 $960,000 Jul 2021 17,802 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
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