Corner Retail
For Sale
$750,000
21 W Main St, Bound Brook, NJ 08805
Versatile commercial space suited to restaurant, retail, or professional use in a walkable business district.
Property Size1,800 SF
Price / SF$416.67
Days on Market49
Property Features for 21 W Main St
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$6,832
Building Details
Building Size
1,800 SF
Year Built
1950
Stories
1
Units
1
Listing Agency:
SKY BROOK REALTY LLC
Listed By:
RONALD FASANELLO
(732) 469-0020
Source:
Elliman
Added: Sep 5
Changed: Oct 17
Last Checked: Oct 20 at 9:47PM
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 SKY BROOK REALTY LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,800-square-foot corner retail space was built in 1950 and is positioned in the business district of Bound Brook. The property supports restaurant, retail, and professional uses, offering a flexible footprint for a range of commercial operations.
The location records a Walk Score of 81 and a Bike Score of 70, reflecting a setting that is very walkable and very bikeable. Its corner placement and established business-district context provide useful visibility for customer-facing users.
The location records a Walk Score of 81 and a Bike Score of 70, reflecting a setting that is very walkable and very bikeable. Its corner placement and established business-district context provide useful visibility for customer-facing users.
Key Highlights
- 1,800 SF corner retail space
- Restaurant, retail, and professional use potential
- Located in the Bound Brook business district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,527
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,540
$550.5K
Cap Rate 7%
$393,243
$393.2K
Cap Rate 9%
$305,856
$305.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$38.9K $21.60/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$36.7K $20.39/SF
− OpEx
−$9.2K −$5.10/SF
NOI
$27.5K $15.29/SF
Area
Somerset County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,540
Cap Rate 7%
$393,243
Cap Rate 9%
$305,856
Alternative Uses
Best Use
Specialty Retail
$393.2K
$344.1K – $458.8K
NOI $27,527 @ 7.0% cap · market cap 3.67%
Second Best
Retail
$367.0K
$321.2K – $428.2K
NOI $25,692 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$470.0K
$411.3K – $548.4K
NOI $32,901 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Electronics 36%
Dining 24%
Cricket Wireless Authorized Retailer
Electronics
2,033 visits/mo
0.3 miles
Crown Fried Chicken
Dining
1,337 visits/mo
0.3 miles
76 Gas Station
Shops & Services
1,257 visits/mo
0.3 miles
CubeSmart Self Storage
Shops & Services
1,000 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Versatile commercial space suited to restaurant, retail, or professional use in a walkable business district.
Where is this retail space located?
The property is located at 21 W Main St Bound Brook, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,800 SF corner retail space; Restaurant, retail, and professional use potential; Located in the Bound Brook business district
