Office Unit with Private
For Sale
$229,775
21 Clyde Rd 201, Somerset, NJ 08873
A professional suite offers on-site parking and connections to several major regional routes.
Property Size1,311 SF
Days on Market20
Property Features for 21 Clyde Rd 201
General Information
Standard status
Active
Size
1,311 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,124
Building Details
Building Size
1,311 SF
Year Built
1989
Stories
2
Listing Agency:
Weidel Realtors
Listed By:
TRISH B. SHAH · License #2297898 (NJ)
(908) 246-0178
Source:
Elliman
Added: Sep 28
Changed: Oct 1
Last Checked: Oct 16 at 10:53AM
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 Weidel Realtors
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Investment Insights
Based on property information with market context.
This 1,311-square-foot office unit contains seven private offices, each with a window. The building dates to 1989, and its exterior and windows were updated six years ago. More than 50 on-site parking spaces serve staff and visitors.
The property is on Clyde Road, with access to Routes 287, 27, and 1, as well as Easton Avenue and JFK Boulevard. Jersey Avenue Train Station is 2 miles away, and New Brunswick Train Station is 5 miles away.
The property is on Clyde Road, with access to Routes 287, 27, and 1, as well as Easton Avenue and JFK Boulevard. Jersey Avenue Train Station is 2 miles away, and New Brunswick Train Station is 5 miles away.
Key Highlights
- 1,311‑square‑foot office unit with seven private offices
- Each private office has a window
- 50+ free on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,058
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,160
$401.2K
Cap Rate 7%
$286,543
$286.5K
Cap Rate 9%
$222,867
$222.9K
Market Conditions
NOI Build-Up for 1,311 SF
Gross rent
$39.3K $30.00/SF
− Vacancy
−$12.6K −$9.60/SF
EGI
$26.7K $20.40/SF
− OpEx
−$6.7K −$5.10/SF
NOI
$20.1K $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%
$401,160
Cap Rate 7%
$286,543
Cap Rate 9%
$222,867
Alternative Uses
Best Use
Office B
$286.5K
$250.7K – $334.3K
NOI $20,058 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.3K
$299.5K – $399.4K
NOI $23,963 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 08873, NJ
55,500
Population
22,142
Households
2.5
Avg Household Size
42
Median Age
54%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,729
Density / Sq Mi
$117,866
Median Household Income
$61,727
Median Earnings
$1,942
Median Rent
$438,600
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 - A professional suite offers on-site parking and connections to several major regional routes.
Where is this office units located?
The property is located at 21 Clyde Rd 201 Somerset, NJ.
What is the asking price?
The asking price for this property is $229,775.
What are key features of this property?
This property features: 1,311‑square‑foot office unit with seven private offices; Each private office has a window; 50+ free on‑site parking spaces
