Flex
For Sale
$650,000
15 John St #1, Bound Brook, NJ 08805
The commercial-zoned space offers flexibility for contractor, automotive, or storage operations.
Property Size1,300 SF
Price / SF$500
Days on Market51
Property Features for 15 John St #1
General Information
Standard status
Active
Size
1,300 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
1,300 SF
Year Built
1960
Stories
1
Units
1
Listing Agency:
Sky Brook Realty LLC
Listed By:
Ronald Fasanello
(732) 469-0020
Source:
Cammarotarealestate
Added: Sep 3
Changed: Oct 22
Last Checked: Oct 22 at 2:32PM
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 Sky Brook Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,300-square-foot flex building is zoned Commercial and was built in 1960. Its existing use is a children's art center; the space has also been identified for contractor, mechanic, or storage functions.
Key Highlights
- 1,300‑square‑foot flex building
- Commercial zoning
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,505
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,100
$390.1K
Cap Rate 7%
$278,643
$278.6K
Cap Rate 9%
$216,722
$216.7K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$32.8K $25.20/SF
− Vacancy
−$2.8K −$2.12/SF
EGI
$30.0K $23.08/SF
− OpEx
−$10.5K −$8.08/SF
NOI
$19.5K $15.00/SF
Area
Somerset County, NJ
Vacancy
8.40%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,100
Cap Rate 7%
$278,643
Cap Rate 9%
$216,722
Alternative Uses
Best Use
Flex RnD
$278.6K
$243.8K – $325.1K
NOI $19,505 @ 7.0% cap · market cap 3.00%
Second Best
Retail
$265.1K
$231.9K – $309.3K
NOI $18,555 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$339.5K
$297.0K – $396.0K
NOI $23,762 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08805, NJ
13,948
Population
5,524
Households
2.5
Avg Household Size
37
Median Age
33%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
4,810
Density / Sq Mi
$84,201
Median Household Income
$41,874
Median Earnings
$1,859
Median Rent
$393,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Madeline's On Vosseller — 518 vosseller ave, bound brook, nj 08805
Frequently Asked Questions
What type of property is this?
Flex space - The commercial-zoned space offers flexibility for contractor, automotive, or storage operations.
Where is this flex space located?
The property is located at 15 John St #1 Bound Brook, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,300‑square‑foot flex building; Commercial zoning; Built in 1960
