Turnkey Professional Office
140 W Main St High Bridge, NJ 08829
140 W Main St, High Bridge, NJ, 08829
$990,000
For Sale
$990,000
Fully renovated office building with income-producing potential.
Property Size5,488 SF
Lot Size4.14 Acres
Price / SF$180.39
Days on Market170
Property Features for 140 W Main St
General Information
- Standard status
- Active
- Size
- 5,488 SF
- Lot size
- 4.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing agency
ADDISON REAL ESTATE
(862) 251-4915
Listed by
KELLENE ADDISON
Source
Corcoran
Added: Feb 2 Updated: Jul 10 at 3:47PM Checked: Jul 21 at 5:47AM
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 ADDISON REAL ESTATE
Investment Insights
Based on property information with market context.
This 4.14-acre property presents an investment opportunity with a five-year lease currently under negotiation. The projected cap rate is 8% based on the proposed lease terms. The property features a fully built-out, modern office building with ample parking. The renovated 5,488-square-foot two-story professional office building includes an additional detached building. The property offers private offices, high-capacity bullpen space, dual entrances, and a separate on-site building. It is suitable for growing companies, medical or professional users, creative firms, and multi-department operations. The main building has two fully functional floors, each with its own entrance and reception area, allowing for single-user headquarters or easy internal or multi-tenant separation. The first floor features four private offices, two large open bullpens accommodating over 16 workstations, a conference room, reception area, kitchen, three bathrooms, two printer rooms, and a large storage room. The second floor includes a reception area, six private offices, an open bullpen for four workstations, two bathrooms, and a rear balcony. The detached building measures 27 feet by 27 feet and includes a large upper-level open space. There is no plumbing in the detached building. Exterior features include an outdoor patio and BBQ area. There are 30 parking spaces at the main building and three additional spaces at the detached building.
Key Highlights
- Investment opportunity with a projected 8% cap rate based on a five‑year lease currently under negotiation.
- Fully renovated 5,488 SF two‑story professional office building plus a detached building.
- Turnkey property with flexible layout suitable for single‑tenant or multi‑tenant use.
Local Financial Insights For Office B
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 | $164.6k | $30.00 |
| − Vacancy | −$52.7k | −$9.60 |
| EGI | $112.0k | $20.40 |
| − OpEx | −$28.0k | −$5.10 |
| NOI | $84.0k | $15.30 |
5,488 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,966 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,312 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Engineering & Land Planning ...
Engineering Consultant
BIO-ENHANCE
Corporate Office
FAQs
What type of property is this?
Office building - Fully renovated office building with income-producing potential.
Where is this office building located?
The property is located at 140 W Main St High Bridge, NJ.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Investment opportunity with a projected 8% cap rate based on a five‑year lease currently under negotiation.; **Fully renovated 5,488 SF two‑story professional office building** plus a detached building.; Turnkey property with flexible layout suitable for single‑tenant or multi‑tenant use.