Building Details

Year Built 1910

Year Renovated 1996

Buildings 1

Stories 2

Units 1

Listed By: Thomas Bennett Show Phone

Added: Oct 29 Changed: Nov 3

Report an Issue

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,053

Cap Rate

5.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$941,060 $941.1K

Cap Rate 7%

$672,186 $672.2K

Cap Rate 9%

$522,811 $522.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$96.8K $34.56/SF

− Vacancy

−$21.5K −$7.67/SF

EGI

$75.3K $26.89/SF

− OpEx

−$28.2K −$10.08/SF

NOI

$47.1K $16.80/SF

Area

Somerset County, NJ

Vacancy

22.20%

Lease Rate

$34.56 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$941,060

Cap Rate 7%

$672,186

Cap Rate 9%

$522,811

Alternative Uses

Best Use

Mixed Use

$672.2K

$588.2K – $784.2K (±1% cap)

NOI $47,053 @ 7.0% cap · market cap 5.23%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$731.1K

$639.8K – $853.0K (±1% cap)

NOI $51,180 @ 7.0% cap · market cap 5.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Simms Jewelers (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store

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

524

Businesses Nearby

Explore this area Business Placement

Demographics for 07921, NJ

7,733

Population

4,072

Households

1.9

Avg Household Size

49

Median Age

66%

College-Educated

98%

High-School Grad

18.4 sq mi

ZIP Area

420

Density / Sq Mi

$117,705

Median Household Income

$75,850

Median Earnings

$2,160

Median Rent

$431,000

Median Home Value

Similar For Sale Nearby

See more

Freestanding Building on Route 202/206

345 US-202, Bedminster, NJ 07921

Contact for pricing

2,500 SF

View details

Bedminster Warehouse Space For Sale

1992 Burnt Mills Rd, Bedminster, NJ

Contact for pricing

4,336 SF

View details

Two-Story Office Building in Bedminster

211 Somerville Rd, Bedminster, NJ

Contact for pricing

5,100 SF

View details

Remodeled Medical Office Space

2345 LAMINGTON RD, Bedminster, NJ 07921

Contact for pricing

12,983 SF

View details

Bedminster Horse Farm with Potential

1850 Burnt Mills Rd, Bedminster, NJ 07921

$2,700,000

15.55 Acres

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - VN zoning allows retail, office, and residential uses.

Where is this mixed-use property located?

The property is located at 291 Main St Bedminster, NJ.

What is the asking price?

The asking price for this property is $899,900.