282 E Main St Somerville, NJ 08876
Medical building with finished space and unfinished lower level.
- Added:
- Mar 2, 2026
- Days on Market:
- 130
- Last Refresh:
- Apr 5 at 9:06 pm
Property Features for 282 E Main St
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.46 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing office RE/MAX PREFERRED PROFESSIONALS (908) 874-3308
Listing date Mar 2, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX PREFERRED PROFESSIONALS
Investment Insights
Based on property information with market context.
Key Highlights
- Excellent location: Just 2 blocks to RWJ Hospital.
- 2800 sq ft finished 1st floor medical building.
- Equipped with 6 exam rooms, 2 patient bathrooms, and 1 employee bathroom.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.0k | $30.00 |
| − Vacancy | −$43.2k | −$9.60 |
| EGI | $91.8k | $20.40 |
| − OpEx | −$23.0k | −$5.10 |
| NOI | $68.9k | $15.30 |
