Back to Search
12,000 SF Commercial Building For Sale

401 Us Highway 202 Raritan, NJ 08869

Claim this Listing
For Sale
$2,250,000

12,000 SF commercial building with showroom/office, high visibility location.

Type:Commercial
Property size:
12,000 SF
Lot size:
0.36 Acres
Price / SF:
$187/SF
Added:
Sep 19, 2025
Days on Market:
295
Last Refresh:
Apr 5 at 8:26 pm

Property Features for 401 Us Highway 202

General Information

Standard status
Active
Size
12,000 SF
Lot size
0.36 Acres
Property subtype
Commercial

Building Details

Year Built
1950

Listing office BHHS FOX & ROACH

Listing date Sep 19, 2025

Source Corcoran

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 BHHS FOX & ROACH


Investment Insights

Based on property information with market context.

This 12,000 square foot commercial building features six overhead doors, a tailboard, and a 2,000 square foot showroom/office area. It also includes storage areas, a high-capacity outside elevator/lift, and heavy power. The property benefits from a high-visibility location near Somerville Circle, with building signage available. Over 50,000 vehicles pass the site daily. Zoned B-3, the property currently operates as a turnkey wood-working cabinet shop. Permitted uses include auto-related businesses, garages, equipment sales/rental, general business, retail, and plumbing/HVAC contractor shops.

Key Highlights

  • 12,000 SF Commercial Building available.
  • High Visibility Location Near Somerville Circle (Over 50,000 Vehicles Per Day).
  • Features Six (6) Overhead Doors and Tailboard.

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 $360.0k $30.00
− Vacancy −$115.2k −$9.60
EGI $244.8k $20.40
− OpEx −$61.2k −$5.10
NOI $183.6k $15.30
12,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.62M
$2.30M – $3.06M (±1% cap)
NOI $183,600 @ 7.0% cap · market cap 8.16%
Second Best
Retail
$2.45M
$2.14M – $2.85M (±1% cap)
NOI $171,279 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M (±1% cap)
NOI $219,341 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Showrooms

Suggested Use

Real Estate Agency Computer & Electronic Repair (Bike/Boat/Book/etc) Store Storage Facility Electrical Service Garden Center Auto Parts Store Grocery & Convenience Store Hotel & Motel Tech Support Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • DeSantis Cabinetry — 8 First St, Raritan, NJ 08869
  • Alpine Flooring — 87 Thompson St B, Raritan, NJ 08869

FAQs

What type of property is this?
Showroom - 12,000 SF commercial building with showroom/office, high visibility location.
Where is this showroom located?
The property is located at 401 Us Highway 202 Raritan, NJ.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 12,000 SF Commercial Building available.; High Visibility Location Near Somerville Circle (Over 50,000 Vehicles Per Day).; Features Six (6) Overhead Doors and Tailboard.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message