Office Unit with High
For Sale
Contact for pricing
153 Main St, Flemington, NJ 08822
Bright street-facing workspace with tall ceilings, natural light, and access to on-site parking and building amenities.
Property Size4,972 SF
Price / SF$0.14
Days on Market58
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Property Features for 153 Main St
General Information
Standard status
Active
Size
4,972 SF
Additional Details
Office Units
1
Amenities
kitchenette
private brick patio
high ceilings
wide board pumpkin pine flooring
large windows
Building Details
Year Built
1850
Listing Agency:
CORCORAN SAWYER SMITH
Listed By:
MARK JACOBSON · License #9482165
(908) 963-5901
Source:
Luminancerealty
Added: Aug 19
Changed: Oct 9
Last Checked: Oct 5 at 10:47PM
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 CORCORAN SAWYER SMITH
Investment Insights
Based on property information with market context.
This office unit is part of a 4972 SF historic commercial building constructed in 1850. The available 296 SF workspace features high ceilings, wide-board pumpkin pine flooring, and large windows facing Main Street. Building improvements include modern electrical systems, energy-efficient multi-zone natural gas heat, and central air conditioning. A ground-floor kitchenette, private brick patio, and large on-site parking lot add practical support amenities.
Two offices of this size are available for immediate occupancy at 153 Main St in Flemington Boro, NJ. The property sits diagonally across from the approved Flemington Cut Glass luxury townhome development and near the Courthouse Square Redevelopment project, which is planned to include a 100-room hotel with restaurant and bar, 206 residential apartments, and approximately 22,000 SF of retail.
Two offices of this size are available for immediate occupancy at 153 Main St in Flemington Boro, NJ. The property sits diagonally across from the approved Flemington Cut Glass luxury townhome development and near the Courthouse Square Redevelopment project, which is planned to include a 100-room hotel with restaurant and bar, 206 residential apartments, and approximately 22,000 SF of retail.
Key Highlights
- 296 SF office unit with high ceilings and wide‑board pumpkin pine flooring
- Two offices of this size available for immediate occupancy
- Large windows overlooking Main Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,072
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,521,440
$1.5M
Cap Rate 7%
$1,086,743
$1.1M
Cap Rate 9%
$845,244
$845.2K
Market Conditions
NOI Build-Up for 4,972 SF
Gross rent
$149.2K $30.00/SF
− Vacancy
−$47.7K −$9.60/SF
EGI
$101.4K $20.40/SF
− OpEx
−$25.4K −$5.10/SF
NOI
$76.1K $15.30/SF
Area
Hunterdon County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,521,440
Cap Rate 7%
$1,086,743
Cap Rate 9%
$845,244
Alternative Uses
Best Use
Office B
$1.09M
$950.9K – $1.27M
NOI $76,072 @ 7.0% cap · market cap 10,867.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,880 @ 7.0% cap · market cap 12,982.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,601
Businesses Nearby
Explore this area
Business Placement
Demographics for 08822, NJ
31,844
Population
12,274
Households
2.6
Avg Household Size
44
Median Age
57%
College-Educated
94%
High-School Grad
64.7 sq mi
ZIP Area
492
Density / Sq Mi
$137,698
Median Household Income
$67,198
Median Earnings
$1,685
Median Rent
$513,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Bright street-facing workspace with tall ceilings, natural light, and access to on-site parking and building amenities.
Where is this office units located?
The property is located at 153 Main St Flemington, NJ.
What are key features of this property?
This property features: 296 SF office unit with high ceilings and wide‑board pumpkin pine flooring; Two offices of this size available for immediate occupancy; Large windows overlooking Main Street
