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    5 Veronica Ave Somerset, NJ

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    For Sale
    $2,300,000

    Industrial building featuring both warehouse and office areas for sale.

    Property size:
    12,000 SF
    Lot size:
    1.38 Acres

    Property Features for 5 Veronica Ave

    General Information

    Size
    12,000 SF
    Lot size
    1.38 Acres

    Source: Sitar Realty Company - Corporate Agent Philip Meoli

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

    Overview

    Industrial Building with Office Space

    This single-user industrial building, constructed in 1980, offers a total of 12,000 square feet. The layout includes 8,000 square feet of industrial space and 4,000 square feet of office space. The building features two drive-in doors, each measuring 10 feet wide by 12 feet high, and a 14-foot clear ceiling height. It is equipped with a wet sprinkler system and suspended zone heaters. There are 25 surface parking spaces available. The property is zoned B-1, and permitted uses are detailed under the "documents" tab on the property website. Real estate taxes for 2024 are $23,686.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Somerset
    County
    State
    New Jersey
    Longitude
    -74.5228916
    Latitude
    40.4933734

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    FAQs

    What type of property is this?
    Manufacturing property - Industrial building featuring both warehouse and office areas for sale.
    Where is this manufacturing property located?
    The property is located at 5 Veronica Ave Somerset, NJ.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Single-user industrial building: **8,000 SF of industrial space with 4,000 SF of offices**; - **Two drive-in doors** (10' wide x 12' high); - 14' clear ceiling height
    (732) 283-9000
    Request Owner's contact information
    5 Veronica Ave Somerset, NJ
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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
    5 Veronica Ave Somerset, NJ
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