12,000 SF Commercial Building For
401 Us Highway 202 Raritan, NJ 08869
401 Us Highway 202, Raritan, NJ, 08869
$2,250,000
For Sale
$2,250,000
12,000 SF commercial building with showroom/office, high visibility location.
Property Size12,000 SF
Lot Size0.36 Acres
Price / SF$187.50
Days on Market304
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 Agency
BHHS FOX & ROACH
(732) 469-1515
Listed by
TIM DELUCCIA
Source
Corcoran
Added: Sep 19, 2025 Checked: Jul 19 at 4:37 am
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
NOI $183,600 @ 7.0% cap · market cap 8.16%
Second Best
Retail
$2.45M
$2.14M – $2.85M
NOI $171,279 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M
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
Similar For Sale Nearby
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.
