Office Unit with Open Floor
204-350 Grove St, Bridgewater, NJ 08807
For Sale
Contact for pricing
Flexible office suites feature private offices, hardwood floors, extensive lighting, and on-site parking.
Property Size16,320 SF
Price / SF$0.00
Days on Market55
Property Features for 204-350 Grove St
General Information
Standard status
Size
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Listing Agency:
ACRES REALTY GROUP
(848) 250-4189
Listed By:
AKASH CHHABRA
Source:
Exprealty
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 8 at 6:50AM
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 ACRES REALTY GROUP
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Investment Insights
Based on property information with market context.
The property comprises 16,320 square feet of commercial space with five suites ranging from approximately 800 to 1,200 square feet, plus a larger suite formerly occupied by a medical spa. The featured unit offers an expansive open area, an existing private office, hardwood floors, and extensive lighting. Additional suites are available, subject to applicable zoning and landlord approval.
Located at 204-350 Grove St in Bridgewater, New Jersey, the property includes on-site parking and convenient access to major highways, business districts, retail, dining, and other local amenities. The suite configuration supports office, medical, wellness, and professional uses where permitted.
Located at 204-350 Grove St in Bridgewater, New Jersey, the property includes on-site parking and convenient access to major highways, business districts, retail, dining, and other local amenities. The suite configuration supports office, medical, wellness, and professional uses where permitted.
Key Highlights
- 16,320 SF commercial property with five suites ranging from approximately 800 to 1,200 square feet
- Featured unit includes a large open area and an existing private office
- Hardwood floors and extensive lighting throughout the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,696
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,993,920
$5.0M
Cap Rate 7%
$3,567,086
$3.6M
Cap Rate 9%
$2,774,400
$2.8M
Market Conditions
NOI Build-Up for 16,320 SF
Gross rent
$489.6K $30.00/SF
− Vacancy
−$156.7K −$9.60/SF
EGI
$332.9K $20.40/SF
− OpEx
−$83.2K −$5.10/SF
NOI
$249.7K $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%
$4,993,920
Cap Rate 7%
$3,567,086
Cap Rate 9%
$2,774,400
Alternative Uses
Best Use
Office B
$3.57M
$3.12M – $4.16M
NOI $249,696 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.26M
$3.73M – $4.97M
NOI $298,303 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 08807, NJ
39,299
Population
14,302
Households
2.7
Avg Household Size
43
Median Age
61%
College-Educated
95%
High-School Grad
25.5 sq mi
ZIP Area
1,541
Density / Sq Mi
$165,983
Median Household Income
$79,480
Median Earnings
$2,092
Median Rent
$562,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Somerset County, NJ
Properties on Market for Office Units in Somerset County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office suites feature private offices, hardwood floors, extensive lighting, and on-site parking.
Where is this office unit located?
The property is located at 204-350 Grove St Bridgewater, NJ.
What are key features of this property?
This property features: 16,320 SF commercial property with five suites ranging from approximately 800 to 1,200 square feet; Featured unit includes a large open area and an existing private office; Hardwood floors and extensive lighting throughout the unit
