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Property profile & analytics
FOR LEASE
Industrial properties
642 E State St Trenton, NJ 08609
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-1259542
For Lease
1 / 6
$6,444/Mo
642 E State St, Trenton, NJ 08609
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Property summary
AI-generated overview
This exceptional industrial property, located at 642 E State St, Trenton, NJ 08609, offers a single-tenant warehouse space totaling 17,330 square feet. The building is a single-story structure constructed of cinder block, featuring a generous 16-foot ceiling height. The property boasts convenient access with one loading dock and two drive-in doors, ensuring efficient loading and unloading operations. Power is provided by a robust 3-phase 480-volt system, suitable for a variety of industrial uses. The zoning designation is Industrial A, allowing for a range of potential applications. The building is situated on Monmouth Street in Mercer County, New Jersey. This space is ideal for light assembly or general warehouse operations. The property is currently available for lease. The address is easily accessible and well-situated within the Trenton industrial area. This is a rare opportunity to secure a well-maintained, functional warehouse space in a desirable location. The building's size and features make it suitable for a variety of businesses seeking efficient and practical warehouse solutions. Interested parties should inquire for lease terms and conditions.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1950
Construction
TYPE NOT SPECIFIED
Total area
16,996 SF
Lot
1.01 ac (44,169 SF)
APN
11 12701-0000-00003- 12
UPID
US59-1259542
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
-
Glass Artistry Architectural Hardware & Home Improvement Home Decor Store
-
Strive to Thrive LLC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
Streicher And Sons LLC · 4 yrs held
Streicher And Sons LLC
since 2022
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.8M
+22.3%
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
$1,405,000
ML approach
$1,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,480,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,810,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,380,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±10% · vs last sale $1.40M (Jun 14 2022)
Last sale anchor
$1.40M
Jun 14 2022
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
$83 / 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
$22,034
Tax year 2022
Assessed value
$403,700
Assessed 2023
Previous assessed
$403,700
+0.0% YoY
Effective rate
5.46%
On assessed value
Assessed land
$85,900
Assessed improvement
$317,800
Land market value
$85,900
Improvement market value
$317,800
Total market value
$403,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Units
1
Total area
16,996 SF
Lot
1.01 ac (44,169 SF)
APN
11 12701-0000-00003- 12
UPID
US59-1259542
Jurisdiction
MERCER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Units
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Streicher And Sons LLC
Entity
Mailing address
1965 SWARTHMORE AVE #6, LAKEWOOD, NJ 08701-4534
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
$1,400,000
Streicher And Sons LLC
642 E State St Property LLC
Deed
$1,050,000 · Quaint Oak Bank
Oct 25, 2011
$350,000
642 E State St Property LLC
Hamilton Properties
Grant Deed
$280,000 · New Jersey Economic Dev Auth
Nov 20, 1996
$175,000
Gerald Shimm
Hamilton Propert
Grant Deed
$160,000 · Prestige State Bank
Oct 29, 1990
$40,000
Hamilton Properties A Nj Corp
Unknown
Grant Deed
—
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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