Building Details

Year Built 1988

Listing Agency: BHHS FOX & ROACH

Listed By: JOHN H. CARRIERE Show Phone

Source: Thebansalteam

Added: Mar 16 Changed: Oct 3 Last Checked: Oct 7 at 3:10PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS FOX & ROACH

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Investment Insights

Based on property information with market context.

Located in Branchburg Township, Somerset County, this office property is available for sale. The property is accessible from 202 to Pleasant Run to Main Street to Woodfern Road. The site is located at the second entrance to the complex. Look for the real estate sign (4' x $4'). The building is the second on the left.

Key Highlights

• Located in Somerset County
• Central Air Conditioning
• Natural Gas Heating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$211,140

Cap Rate

6.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,222,800 $4.2M

Cap Rate 7%

$3,016,286 $3.0M

Cap Rate 9%

$2,346,000 $2.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,800 SF

Gross rent

$414.0K $30.00/SF

− Vacancy

−$132.5K −$9.60/SF

EGI

$281.5K $20.40/SF

− OpEx

−$70.4K −$5.10/SF

NOI

$211.1K $15.30/SF

Area

Somerset County, NJ

Vacancy

32.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,222,800

Cap Rate 7%

$3,016,286

Cap Rate 9%

$2,346,000

Alternative Uses

Best Use

Office B

$3.02M

$2.64M – $3.52M (±1% cap)

NOI $211,140 @ 7.0% cap · market cap 6.40%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.60M

$3.15M – $4.20M (±1% cap)

NOI $252,242 @ 7.0% cap · market cap 7.64%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Joe Stala Park Park Mid State Electrical ... Electrical Service

Suggested Use

Top Pick Auto Repair Shop Hair Salon Skin Care Clinic Plumbing Service Spa & Massage Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

60

Businesses Nearby

Explore this area Business Placement

Demographics for 08853, NJ

5,445

Population

2,057

Households

2.6

Avg Household Size

46

Median Age

74%

College-Educated

98%

High-School Grad

11.4 sq mi

ZIP Area

478

Density / Sq Mi

$213,074

Median Household Income

$77,948

Median Earnings

$2,124

Median Rent

$638,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office unit - Office property in Branchburg Township, Somerset County available for sale.

Where is this office unit located?

The property is located at 110 Woodfern Rd Neshanic Station, NJ.

What is the asking price?

The asking price for this property is $3,300,000.

What are key features of this property?

This property features: Located in Somerset County; Central Air Conditioning; Natural Gas Heating