401 Us Highway 202, Raritan, NJ 08869
CommercialSale - Raritan Boro, NJ
- Added:
- Sep 19, 2025
- Days on Market:
- 265
- Last Refresh:
- Jun 10 at 12:06 am
Property Features for 401 Us Highway 202
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Annual Amount
- 21233
Building Details
- Year built
- 1950
- Number of units
- 1
- Flooring type
- Concrete, Linoleum, Vinyl
- Roof type
- Flat
- Architectural style
- Other
Listing agent Timothy Deluccia (908) 938-6405
Listing office BHHS Fox & Roach Martinsville South Sales Office 1996 Washington Valley Road, NJ
Listing date Sep 19, 2025
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 12,000 SF Commercial Building in HIGH VISIBILITY LOCATION (50,000+ Vehicles Per Day)
- B‑3 Zoning with permitted uses including auto, retail, and contractor shops.
- Six (6) Overhead Doors and Tailboard Loading.
- Heavy Power Capacity
- 2,000 SF Showroom/Office Space
- High‑Capacity Outside Elevator/Lift
Overview
Located near Somerville Circle with building signage and a high-visibility profile, the property is described as being passed by over 50,000 vehicles per day. The property sits on approximately 0.36 acres and is zoned B-3.
The current permitted uses make the space well-suited for auto-related and contractor-oriented operations, including garage activities, equipment sales or rental, general business, retail, and plumbing/HVAC contractors shop uses. It may also appeal to investors or multi-tenant operators seeking a flexible industrial facility that combines warehouse functionality with showroom/office space. In addition to for-sale availability, the property is also available for lease at $18/SF.
Local Financial Insights For Retail
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 | $259.2k | $21.60 |
| − Vacancy | −$14.5k | −$1.21 |
| EGI | $244.7k | $20.39 |
| − OpEx | −$73.4k | −$6.12 |
| NOI | $171.3k | $14.27 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Lucerne Self Storage Unit — 59 2nd Ave, Raritan, NJ 08869, United States
- Affordable Storage LLC — 601 NJ-28, Bridgewater, NJ 08807
Location Insight
- Map
- Local Demand
- City
- Raritan
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.634418
- Latitude
- 40.574
