Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15 Somerset Pl Clifton, NJ 7012

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,900 /Mo

    Second-floor office and flex space with overhead door.

    Type:Commercial
    Property size:
    2,150 SF
    Lot size:
    0.12 Acres
    Added:
    Nov 4, 2025
    Days on Market:
    148
    Last Refresh:
    Mar 26 at 2:34 am

    Property Features for 15 Somerset Pl

    General Information

    Standard status
    Active
    Size
    2,150 SF
    Lot size
    0.12 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    KATARZYNA ROZMUS

    Listing agent KATARZYNA ROZMUS

    Listing office UNITED REAL ESTATE

    Listing date Nov 4, 2025

    Source Corcoran

    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 UNITED REAL ESTATE

    Overview

    Clifton Mixed-Use Commercial Property

    This commercial property in Clifton features a combination of second-floor office space and a flex space/warehouse room equipped with an overhead door. The property is suitable for quiet professional use, offering both storage and light industrial functionality. The premises include one bathroom and are carpeted throughout, providing a comfortable working environment. The property offers 2,150 square feet for lease and includes four parking spaces. Mixed-use properties in Clifton benefit from convenient connections to major roadways. Flexible lease terms are available, with options for a 3 to 5 year term and renewals.
    Location Intelligence

    Current Use by Public Records

    Pow/R/Save, Inc. General Contractor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1542
    Latitude
    40.8489

    Nearby Similar for Lease

    • Contact for pricing

      Clifton City Office Space Available

      Office space for rent in a convenient Clifton City location.
      1030 Clifton Ave, Clifton City, NJ 07013-3522
      View Details
    • Contact for pricing

      Modern Office/Retail Space Available

      High-end office/retail space in prime Clifton City location.
      1131 Main Ave, Clifton City, NJ 07011-3056
      View Details
    • Contact for pricing

      Established Deli in High-Traffic Area

      Turnkey deli for lease in high-traffic Clifton City corridor.
      117 Valley Rd, Clifton City, NJ 07013-1119
      View Details
    • Contact for pricing

      Clifton Mixed-Use Commercial Space

      Second-floor office and flex space with warehouse functionality for lease.
      15 Somerset Pl, Clifton City, NJ 07012-1123
      View Details
    • Contact for pricing

      Retail Space in Clifton City

      Versatile retail space in the heart of Clifton City.
      205 Parker Ave, Clifton City, NJ 07011-1553
      View Details
    • Contact for pricing

      Commercial Space in Clifton, NJ

      Well-kept commercial property suitable for offices, medical, or service businesses.
      1 CENTER ST, Clifton, NJ 07011
      View Details
    • Contact for pricing

      Clifton City Professional Office Space

      Professional office space in prime Clifton location with utilities included.
      Clifton City, NJ 07013-1371
      View Details
    • Contact for pricing

      Office/Industrial Space in Clifton City

      1000 sq ft commercial/industrial space available for rent.
      Clifton City, NJ 07013-1794
      View Details
    • Contact for pricing

      Commercial Space in Clifton City

      Commercial space for rent in Clifton City, New Jersey.
      1151 Main Ave, Clifton City, NJ 07011-2270
      View Details
    • Contact for pricing

      High-Traffic Retail Space in Clifton

      Prime commercial space with high visibility and easy highway access.
      1233 Main Ave, Clifton, NJ 07011-2241
      View Details
    • Contact for pricing

      Commercial Garage Space in Clifton

      600 sq ft garage with utilities included and parking.
      Clifton City, NJ 07011-1865
      View Details
    • Contact for pricing

      Functional Office Space Available

      Well-kept commercial property suitable for offices or service businesses.
      1 CENTER ST #2, Clifton, NJ 07011
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Second-floor office and flex space with overhead door.
    Where is this mixed-use property located?
    The property is located at 15 Somerset Pl Clifton, NJ.
    What is the lease rate?
    The lease rate is $2,900 /Mo.
    What are key features of this property?
    This property features: Mixed‑use: Office space combined with flex space/warehouse room.; Overhead door for warehouse/flex space.; Convenient Clifton location with easy access to major roadways.
    (888) 501-6953
    We can help!
    Listing Contact
    KATARZYNA ROZMUS
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!