Property profile

39 Davenport St Somerville, NJ 08876

OFF-MARKET
Commercial real estate
Property ID
US59-1245147
2,380 SF 0.14 ac lot Built 1920
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 600-square-foot office suite presents a fantastic opportunity for a single tenant seeking a prominent location in the heart of downtown Somerville, Somerset County. Situated on the first floor, this traditional office space boasts three generously sized private offices, providing ample room for individual work or team collaboration. The suite features both front and rear entrances, offering convenient access and flexibility. A covered porch adds a touch of charm and provides a welcoming entryway. The monthly rent is $1450, plus utilities. This is an ideal space for a small business or professional practice seeking a high-visibility location within a thriving community. The property's central downtown location offers easy access to local amenities, transportation, and a vibrant business environment. The layout is efficient and functional, making it perfect for a variety of professional uses. The combination of size, location, and amenities makes this office suite a truly compelling opportunity. Don't miss the chance to secure this desirable space in the heart of Somerville. Contact us today to schedule a viewing.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Construction BRICK
Total area 2,380 SF
Lot 0.14 ac (6,305 SF)
APN 18 00115-0000-00014
UPID US59-1245147

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

39 Davenport St Somerville, NJ 08876-2112
Somerville metro Census 50100 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2022
Last sale
$330,000
2 recorded transactions
2022
$330,000
1995
$175,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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