Freestanding Building on Route
For Sale
Contact for pricing
345 US-202, Bedminster, NJ 07921
2500 SF professional building in Bedminster, NJ for sale.
Property Size2,500 SF
Price / SF$239.60
Days on Market890
Property Features for 345 US-202
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Office
Listing Agency:
Deluccia Commercial Group/Berkshire Hathway Fox & Roach Realtors.
Listed By:
Tim Deluccia · License #8243435
(732) 469-1515
Source:
Crexi
Added: May 13, 2024
Changed: Oct 6
Last Checked: Oct 16 at 9:03AM
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 Deluccia Commercial Group/Berkshire Hathway Fox & Roach Realtors.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a freestanding 2500 SF professional building situated on Route 202/206 in Bedminster, New Jersey. The property, formerly a real estate office, features private offices, a conference room, a bullpen area, two bathrooms, and a kitchenette. It is located in a VN Village Neighborhood zoning district, which permits multiple principle uses including medical offices, retail sales, banks, and restaurants. The property benefits from private off-street parking, high visibility, a high traffic count, and a prominent sign location.
Key Highlights
- High visibility location on Route 202/206 in Bedminster, NJ.
- 2500 SF free‑standing professional building.
- VN Village Neighborhood Zoning allows for multiple permitted uses (medical, retail, banks, restaurants, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,250
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,000
$765.0K
Cap Rate 7%
$546,429
$546.4K
Cap Rate 9%
$425,000
$425.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$75.0K $30.00/SF
− Vacancy
−$24.0K −$9.60/SF
EGI
$51.0K $20.40/SF
− OpEx
−$12.8K −$5.10/SF
NOI
$38.3K $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 Rate 5%
$765,000
Cap Rate 7%
$546,429
Cap Rate 9%
$425,000
Alternative Uses
Best Use
Office B
$546.4K
$478.1K – $637.5K
NOI $38,250 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
17
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - 2500 SF professional building in Bedminster, NJ for sale.
Where is this office building located?
The property is located at 345 US-202 Bedminster, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: High visibility location on Route 202/206 in Bedminster, NJ.; 2500 SF free‑standing professional building.; VN Village Neighborhood Zoning allows for multiple permitted uses (medical, retail, banks, restaurants, etc.).
