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    347 Elizabeth Ave Somerset, NJ 08873

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    For Lease
    $18 SF/Yr

    Modern office spaces with plug-and-play opportunity, ample parking.

    Property size:
    41,374 SF
    Lot size:
    41,374 SF

    Property Features for 347 Elizabeth Ave

    General Information

    Size
    41,374 SF

    Building Details

    Year built
    1974

    Source: Robert Bogash Agent Robert Bogash

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Office Space Available

    This property offers fully built-out, modern office units with a plug-and-play opportunity. The location provides direct access off I-287 and runs parallel to Davidson Avenue. It is situated in close proximity to Route 18, the New Jersey Turnpike, the Garden State Parkway, Rutgers University, downtown New Brunswick, Saint Peters Hospital, and RWJ Hospital. On-site management is available. The property features ample parking and elevator access. It offers great exposure to heavily traveled I-287. The property is suited for professional offices, training schools, IT companies, and financial and insurance companies. The property size is 41374 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Somerset
    County
    State
    New Jersey
    Longitude
    -74.5325
    Latitude
    40.5013

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    FAQs

    What type of property is this?
    Office space - Modern office spaces with plug-and-play opportunity, ample parking.
    Where is this office space located?
    The property is located at 347 Elizabeth Ave Somerset, NJ.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Directly off I-287 with great exposure, offering convenient access and high visibility.; - **Fully built-out, modern units providing a plug and play opportunity for immediate occupancy.**; - Close proximity to major routes (Route 18, NJ Turnpike, Garden State Parkway) and key locations (Rutgers University, downtown New Brunswick, Saint Peters Hospital, RWJ Hospital).
    (732) 319-4680
    Request Owner's contact information
    347 Elizabeth Ave Somerset, NJ 08873
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    Somerset, NJ 08873
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    Realmo Value Estimation

    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.

    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.

    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
    347 Elizabeth Ave Somerset, NJ 08873
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