Medical and Office
For Sale
Contact for pricing
350 Grove St, Bridgewater, NJ 08807
Five office suites, plus a larger former medical spa suite, are available with on-site parking and major highway access.
Property Size16,320 SF
Price / SF$0.00
Days on Market100
Property Features for 350 Grove St
General Information
Standard status
Active
Size
16,320 SF
Additional Details
Highway Access
Yes
Office Units
6
Listing Agency:
ACRES REALTY GROUP
Listed By:
AKASH CHHABRA
(848) 250-4189
Source:
Thebansalteam
Added: Jul 9
Changed: Oct 9
Last Checked: Oct 7 at 2:30PM
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 ACRES REALTY GROUP
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Investment Insights
Based on property information with market context.
Commercial office space is available for lease as individual suites within a multi-suite property. The space includes five suites sized at approximately 800 to 1,200 square feet, along with a larger suite previously occupied by a medical spa. Lease rates are quoted on a per-square-foot basis, and available space can accommodate a range of office, medical, wellness, and professional uses subject to applicable zoning and landlord approval.
The property offers on-site parking and convenient access to major highways and nearby business districts, retail, dining, and other local amenities.
Flexible leasing options are available depending on tenant requirements, with suite sizes spanning the smaller suite range as well as the larger former medical spa suite.
The property offers on-site parking and convenient access to major highways and nearby business districts, retail, dining, and other local amenities.
Flexible leasing options are available depending on tenant requirements, with suite sizes spanning the smaller suite range as well as the larger former medical spa suite.
Key Highlights
- Commercial office space for lease with five suites ranging from approx. 800 to 1,200 SF, plus a larger former medical spa suite
- Lease rates are quoted on a per‑square‑foot basis
- Individual suites available with flexible leasing options depending on tenant requirements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,998
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,859,960
$4.9M
Cap Rate 7%
$3,471,400
$3.5M
Cap Rate 9%
$2,699,978
$2.7M
Market Conditions
NOI Build-Up for 16,320 SF
Gross rent
$430.8K $26.40/SF
− Vacancy
−$25.9K −$1.58/SF
EGI
$405.0K $24.82/SF
− OpEx
−$162.0K −$9.93/SF
NOI
$243.0K $14.89/SF
Area
Somerset County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,859,960
Cap Rate 7%
$3,471,400
Cap Rate 9%
$2,699,978
Alternative Uses
Best Use
Office B
$3.57M
$3.12M – $4.16M
NOI $249,696 @ 7.0% cap · market cap 1,248,480.00%
Second Best
Healthcare Medical
$3.47M
$3.04M – $4.05M
NOI $242,998 @ 7.0% cap · market cap 1,214,990.00%
Theoretical Best
Office A
$4.26M
$3.73M – $4.97M
NOI $298,303 @ 7.0% cap · market cap 1,491,515.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 08807, NJ
39,299
Population
14,302
Households
2.7
Avg Household Size
43
Median Age
61%
College-Educated
95%
High-School Grad
25.5 sq mi
ZIP Area
1,541
Density / Sq Mi
$165,983
Median Household Income
$79,480
Median Earnings
$2,092
Median Rent
$562,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Five office suites, plus a larger former medical spa suite, are available with on-site parking and major highway access.
Where is this office units located?
The property is located at 350 Grove St Bridgewater, NJ.
What are key features of this property?
This property features: Commercial office space for lease with five suites ranging from approx. 800 to 1,200 SF, plus a larger former medical spa suite; Lease rates are quoted on a per‑square‑foot basis; Individual suites available with flexible leasing options depending on tenant requirements
