Commercial Building with High
401 Us Highway 202 Raritan, NJ 08869
401 Us Highway 202, Raritan, NJ, 08869
$2,500,000
For Sale
$2,500,000
12,000 SF commercial building near Somerville Circle.
Property Size12,000 SF
Lot Size0.36 Acres
Price / SF$208.33
Days on Market134
Property Features for 401 Us Highway 202
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 0.36 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1950
Listing Agency
BHHS FOX & ROACH
(732) 469-1515
Listed by
TIM DELUCCIA
Source
Elliman
Added: Mar 10 Updated: Jul 10 at 3:49 pm Checked: Jul 20 at 5:01 am
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
Investment Insights
Based on property information with market context.
This 12,000 square foot commercial building features six overhead doors, a tailboard, and a 2,000 square foot showroom/office area. It also includes storage areas, a high-capacity outside elevator/lift, and heavy power. The property benefits from high visibility due to its location near Somerville Circle, with building signage available. Over 50,000 vehicles pass the site daily. It is located in a B-3 zone and currently operates as a turnkey wood-working cabinet shop. Permitted uses include auto-related businesses, garages, equipment sales/rental, general business, retail, and plumbing/HVAC contractor shops.
Key Highlights
- 12,000 SF Commercial Building in High Visibility Location (50,000+ Vehicles Per Day)
- B‑3 Zone with Permitted Uses: Auto Related, Garage, Retail, Contractors Shop, etc.
- Six (6) Overhead Doors and Tailboard Loading
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $302.4k | $25.20 |
| − Vacancy | −$25.4k | −$2.12 |
| EGI | $277.0k | $23.08 |
| − OpEx | −$96.9k | −$8.08 |
| NOI | $180.0k | $15.00 |
12,000 SF · lease $25.20/SF/yr · vacancy 8.40% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.57M
$2.25M – $3.00M
NOI $180,049 @ 7.0% cap · market cap 7.20%
Second Best
Retail
$2.45M
$2.14M – $2.85M
NOI $171,279 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M
NOI $219,341 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- CATERING SOLUTIONS — 18 W Somerset St, Bridgewater, NJ 08807
- Mangia Buono Caterers — 63 W Somerset St, Raritan, NJ 08869
- C & S Catering — 3 1st Ave, Raritan, NJ 08869
FAQs
What type of property is this?
Flex space - 12,000 SF commercial building near Somerville Circle.
Where is this flex space located?
The property is located at 401 Us Highway 202 Raritan, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12,000 SF Commercial Building in High Visibility Location (50,000+ Vehicles Per Day); B‑3 Zone with Permitted Uses: Auto Related, Garage, Retail, Contractors Shop, etc.; Six (6) Overhead Doors and Tailboard Loading
