38 N Gaston Ave Somerville, NJ 08876
3,000 SF office building in the heart of Somerville.
- Added:
- May 15, 2026
- Days on Market:
- 59
- Last Refresh:
- Jul 4 at 10:49 pm
Property Features for 38 N Gaston Ave
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing office PREMIER HOMES (908) 245-6767
Listing date May 15, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of PREMIER HOMES
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in the heart of Somerville, minutes from downtown and near major transportation routes (NJ Transit, Routes 22/202/206, I‑287).
- 3,000 SF move‑in ready office building zoned commercial, suitable for various professional uses.
- Features 2 separate units, each with a bathroom and kitchen, offering flexibility for owner‑occupancy, multi‑tenant use, or investment.
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 | $90.0k | $30.00 |
| − Vacancy | −$28.8k | −$9.60 |
| EGI | $61.2k | $20.40 |
| − OpEx | −$15.3k | −$5.10 |
| NOI | $45.9k | $15.30 |
