Two-Story Office Building in
For Sale
Contact for pricing
211 Somerville Rd, Bedminster, NJ
Two-story office building with upscale finishes and private offices.
Property Size5,100 SF
Lot Size0.77 Acres
Price / SF$245.10
Days on Market391
Property Features for 211 Somerville Rd
General Information
Standard status
Active
Size
5,100 SF
Lot size
0.77 Acres
Property subtype
OFFICE
Listing Agency:
Newmark & Associates, Inc.
(973) 722-2979
Listed By:
Marjorie Dorne Murphy
(973) 722-2979
Source:
Moodyscre
Added: Jul 31, 2025
Changed: Aug 14
Last Checked: Aug 24 at 2:01PM
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 Newmark & Associates, Inc.
Investment Insights
Based on property information with market context.
This is a two-story building with approximately 5100 square feet, with each floor comprising around 2550 square feet. The first floor features a reception area, a conference room, a kitchen, and nine private windowed offices. The second floor includes a reception area, a conference room, a kitchen, and eight private windowed offices. Both floors have bullpen/secretarial areas and two private bathrooms each. The property also has printer stations, supply closets, and storage spaces. The building features upscale finishes throughout.
Key Highlights
- Approx 5100 sf, 2‑story building with approx 2550 sf per floor.
- Two floors, each with a reception area, conference room, kitchen, and private bathrooms.
- Multiple private windowed offices (9 on the first floor, 8 on the second floor).**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,030
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,560,600
$1.6M
Cap Rate 7%
$1,114,714
$1.1M
Cap Rate 9%
$867,000
$867.0K
Market Conditions
NOI Build-Up for 5,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$153.0K $30.00/SF
− Vacancy
−$49.0K −$9.60/SF
EGI
$104.0K $20.40/SF
− OpEx
−$26.0K −$5.10/SF
NOI
$78.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,560,600
Cap Rate 7%
$1,114,714
Cap Rate 9%
$867,000
Alternative Uses
Best Use
Office B
$1.11M
$975.4K – $1.30M
NOI $78,030 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,220 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with upscale finishes and private offices.
Where is this office building located?
The property is located at 211 Somerville Rd Bedminster, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approx 5100 sf, 2‑story building with approx 2550 sf per floor.; Two floors, each with a reception area, conference room, kitchen, and private bathrooms.; Multiple private windowed offices (9 on the first floor, 8 on the second floor).**
