Two-Story Office
1924 Us Highway 22 #1, Bound Brook, NJ 08805
For Sale
$599,900
A standalone professional property combines private rooms, shared work areas, kitchen facilities, and on-site parking.
Property Size2,646 SF
Price / SF$226.72
Days on Market77
Property Features for 1924 Us Highway 22 #1
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Property Use
Building Details
Building Size
Buildings
Stories
Units
Listing Agency:
Bhhs Fox & Roach
(732) 469-1515
Listed By:
Tim Deluccia · License #8243435
(732) 907-2901
Source:
Culturaunitedrealty
Added: Aug 25
Changed: Nov 7
Last Checked: Nov 8 at 5:49PM
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
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Investment Insights
Based on property information with market context.
This freestanding, two-story office building contains 2,646 square feet. Its layout includes three private offices, a conference room, open work areas, three restrooms, and a full kitchen. The property is zoned C-3 and has on-site parking.
The building fronts US Highway 22 in Bridgewater Township, New Jersey. Its configuration brings enclosed offices and meeting space together with open work areas in one standalone property.
The building fronts US Highway 22 in Bridgewater Township, New Jersey. Its configuration brings enclosed offices and meeting space together with open work areas in one standalone property.
Key Highlights
- 2,646‑square‑foot freestanding office building
- Three private offices, a conference room, and open work areas
- Three restrooms and a full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,484
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,680
$809.7K
Cap Rate 7%
$578,343
$578.3K
Cap Rate 9%
$449,822
$449.8K
Market Conditions
NOI Build-Up for 2,646 SF
Gross rent
$79.4K $30.00/SF
− Vacancy
−$25.4K −$9.60/SF
EGI
$54.0K $20.40/SF
− OpEx
−$13.5K −$5.10/SF
NOI
$40.5K $15.30/SF
Area
Somerset 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%
$809,680
Cap Rate 7%
$578,343
Cap Rate 9%
$449,822
Alternative Uses
Best Use
Office B
$578.3K
$506.1K – $674.7K
NOI $40,484 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.9K
$604.6K – $806.1K
NOI $48,365 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
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
$393,900
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Somerset County, NJ
Properties on Market for Office buildings in Somerset County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - A standalone professional property combines private rooms, shared work areas, kitchen facilities, and on-site parking.
Where is this office building located?
The property is located at 1924 Us Highway 22 #1 Bound Brook, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,646‑square‑foot freestanding office building; Three private offices, a conference room, and open work areas; Three restrooms and a full kitchen
