Building Details

Building Size 1,800 SF

Year Built 1950

Stories 1

Units 1

Listing Agency: Sky Brook Realty LLC

Listed By: Ronald Fasanello Show Phone

Source: Cammarotarealestate

Added: Sep 3 Changed: Oct 22 Last Checked: Oct 22 at 2:24PM

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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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Investment Insights

Based on property information with market context.

This 1,800-square-foot storefront dates to 1950 and occupies a corner position in Bound Brook’s business district. Commercial zoning is identified for the property.

The space is described as suitable for restaurant, retail, or professional use.

Key Highlights

• 1,800‑square‑foot storefront in a corner location
• Commercial zoning
• Built in 1950

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

Is this asking price fair?

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 (±1% cap)

NOI $27,527 @ 7.0% cap · market cap 3.67%

Second Best

Retail

$367.0K

$321.2K – $428.2K (±1% cap)

NOI $25,692 @ 7.0% cap · market cap 3.43%

Theoretical Best

Office A

$470.0K

$411.3K – $548.4K (±1% cap)

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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Current Use

Storefront properties

Suggested Use

Top Pick Skin Care Clinic Carpet & Flooring Store Daycare Center Acupuncture Tech Support Center Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,058

Businesses Nearby

6k

Monthly Visits Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial zoning supports restaurant, retail, or professional occupancy.

Where is this storefront property located?

The property is located at 21 W Main St #1 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‑square‑foot storefront in a corner location; Commercial zoning; Built in 1950