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

    802 Prospect St Trenton, NJ 08618

    • Commercial real estate
    • 20,079 SF
    • 1.00 lot acres
    For Sale
    View listing
    $1,499,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-3163297
    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

    • Millhill Child & Family Outpatient Clinic / Medical Clinic
    • Western Union / Bank / Credit Union
    • Dollar General / Discount Store

    Property Details for 802 Prospect St

    Year built
    2000
    Construction
    CONCRETE BLOCKS
    Lot size
    1.00 lot acres
    Property size
    20,079 SF
    Property type
    Commercial real estate
    APN
    11 33401-0000-00028
    APU
    1133401000000028

    Description

    This exceptional 13,724 square-foot retail space, located at 02 Prospect Street in Trenton, New Jersey, presents a unique leasing opportunity. Built in 2015, this single-tenant, one-story building sits on a one-acre lot and offers ample parking for 25 vehicles. Its prime location within Mercer County ensures high visibility and accessibility for both employees and customers. The property benefits from its strategic position within a thriving commercial area, experiencing significant vehicle traffic, which translates to increased potential for foot traffic and business exposure. The surrounding community is vibrant, boasting a population of 252,169 residents within a five-mile radius, supported by 91,565 households with an average household income of $91,713. This strong demographic profile makes this location particularly attractive for businesses seeking a robust customer base. The property's proximity to various amenities further enhances its appeal, providing convenience and accessibility for both employees and customers. This modern, well-maintained building offers a turnkey solution for businesses looking to establish a strong presence in the Trenton market. The ample parking and convenient location make this an ideal space for a variety of retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,123,000
      Market price range: $744k - $2.12M
      AI Estimate
      $2,453,000
      Market price range: $828k - $2.45M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,225,000
      INDUSTRIAL (GENERAL)
      $1,750,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.7723
    Latitude
    40.2335
    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
    2022
    $98,244
    $328,100
    $1,471,900
    $1,800,000
    -
    $328,100
    $1,471,900
    $1,800,000

    Comparable in this City

    • Value Estimation by Request

      395 Stuyvesant Ave

      COMMERCIAL (GENERAL)
      395 Stuyvesant Ave, Trenton, NJ 08618-4119
      View Details
    • Value Estimation by Request
      0.11 Acres

      321 Bellevue Ave

      COMMERCIAL (GENERAL) • 0.11 Acres
      321 Bellevue Ave, Trenton, NJ 08618
      View Details
    • Value Estimation by Request
      0.06 Acres

      27 Adam Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      27 Adam Ave, Trenton, NJ 08618
      View Details
    • Value Estimation
      $5,970,000
      53,074 SF

      950 Pkwy Ave, Unit 970

      COMMERCIAL (GENERAL) • 53,074 SF
      950 Pkwy Ave, Ewing, NJ 08618-2317
      View Details
    • Value Estimation
      $880,000
      7,369 SF

      1480 Pennington Rd

      COMMERCIAL (GENERAL) • 7,369 SF
      1480 Pennington Rd, Trenton, NJ 08618
      View Details
    • Value Estimation by Request
      19.89 Acres

      Pennington Ave

      COMMERCIAL (GENERAL) • 19.89 Acres
      Pennington Ave, Trenton, NJ 08618
      View Details

    Similar Nearby for Sale

    • $359,999
      1,202 SF

      Ewing Mixed-Use Building - Great Potential

      Renovated Commercial Space w/ Apartment
      893 Parkway Ave, Ewing, NJ 08618
      View Details
    • $1,166,000

      Ewing Township Commercial Land Sale

      ±1.12 Acres, Development Opportunity
      824 Pkwy Ave, Ewing Township, NJ 08618
      View Details
    • $495,000

      Trenton Retail Land Opportunity

      Historic Trenton Land, Prime Location
      169 Pennington Ave, Trenton, NJ 08618
      View Details
    • $185,000

      Cleared Corner Lot in Trenton

      Two mixed-use lots for sale in Trenton, New Jersey.
      531-533 Pennington Ave, Trenton, NJ 08618
      View Details
    • $47,000

      Commercial Lot in Redevelopment Zone

      Vacant commercial lot in Trenton's redevelopment zone for sale.
      44 --46-Aft Marion, Trenton, NJ 08618
      View Details
    • $420,000
      0.06 Acres

      Trenton Mixed-Use Investment Opportunity

      Grocery Store & Apartment Building
      157 Frazier St, Trenton, NJ 08618
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      72,000 SF Flex/Industrial Building

      Flex/Industrial building available for lease in Ewing Township, NJ.
      Ewing Township, NJ 08618
      View Details
    • Contact for pricing
      8,340 SF

      Ewing Office and Retail Spaces

      Office and retail spaces available for lease in Ewing.
      1320 Parkway Ave, Ewing, NJ 08618
      View Details
    • $12 SF/Yr
      37,500 SF

      Ewing Warehouse with Built-Out Office

      Warehouse with 2,500 SF office space and four overhead doors.
      1445 Lower Ferry Rd, Ewing, NJ 08618
      View Details
    • Contact for pricing
      2,100 SF

      Ewing Retail Space For Lease

      Retail spaces available in active Ewing Square Shopping Center.
      950-970 Parkway Ave, Ewing, NJ 08618
      View Details
    • $21 SF/Yr
      40,000 SF

      Prime Trenton Executive Office Space

      40,000 SF Office Building Available
      221 Hanover St, Trenton, NJ 08618
      View Details
    • $2,800 /Mo

      Ewing Storefront Business Opportunity

      2200 SF storefront on Parkway Ave, ideal for entrepreneurs.
      266 Parkway Ave, Ewing, NJ 08618
      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.
    802 Prospect St
    Trenton, NJ 08618
    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.