Office Suite with Private
350 Grove St Unit 202, Bridgewater, NJ 08807
For Sale
Contact for pricing
The existing layout includes a reception area and a separate conference room.
Property Size16,320 SF
Price / SF$0.00
Days on Market47
Property Features for 350 Grove St Unit 202
General Information
Standard status
Size
Additional Details
Highway Access
Listing Agency:
ACRES REALTY GROUP
Listed By:
AKASH CHHABRA
(848) 250-4189
Source:
Goldstandardrealty
Added: Sep 24
Changed: Oct 25
Last Checked: Oct 7 at 1:12PM
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.
This office suite is configured with a waiting area, a small conference room, and two enclosed offices. The existing arrangement can support professional office functions, while changes to the layout may allow other settings, subject to applicable zoning and landlord approval.
The property has five suites measuring approximately 800 to 1,200 square feet, plus a larger suite. On-site parking is available, with access to highways, business districts, retail, and dining in the surrounding area.
The property has five suites measuring approximately 800 to 1,200 square feet, plus a larger suite. On-site parking is available, with access to highways, business districts, retail, and dining in the surrounding area.
Key Highlights
- Current suite layout includes a waiting room, small conference room, and two private offices
- Five suites range from approximately 800 to 1,200 square feet
- A larger suite is also available
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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Current Use
Lease Details
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
$562,400
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Somerset County, NJ
Properties on Market for Office Units in Somerset County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The existing layout includes a reception area and a separate conference room.
Where is this office unit located?
The property is located at 350 Grove St Unit 202 Bridgewater, NJ.
What are key features of this property?
This property features: Current suite layout includes a waiting room, small conference room, and two private offices; Five suites range from approximately 800 to 1,200 square feet; A larger suite is also available
