Building Details

Building Size 12,000 SF

Year Built 1950

Buildings 1

Stories 2

Units 1

Listing Agency: Bhhs Fox & Roach Show Phone

Listed By: Tim Deluccia · License #8243435 Show Phone

Source: Cammarotarealestate

Added: Sep 19, 2025 Changed: Oct 22 Last Checked: Oct 22 at 2:15PM

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Investment Insights

Based on property information with market context.

This 12,000 SF manufacturing building includes six (6) overhead doors and a tailboard. A 2,000 SF showroom and office area complements the storage space, while a high-capacity exterior lift and heavy power support the building’s operational setup. Building signage is also in place. The property was built in 1950 and is zoned B-3.

Situated near Somerville Circle on US Highway 202, the site sees more than 50,000 vehicles per day. The existing operation is a woodworking cabinet shop. The stated permitted uses include automotive-related businesses, garages, equipment sales or rental, general business, retail, and plumbing or HVAC contractor shops.

Key Highlights

• 12,000 SF manufacturing building
• Six (6) overhead doors and a tailboard
• 2,000 SF showroom and office area, plus storage areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$163,553

Cap Rate

8.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,271,060 $3.3M

Cap Rate 7%

$2,336,471 $2.3M

Cap Rate 9%

$1,817,256 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,000 SF

Gross rent

$204.5K $17.04/SF

− Vacancy

−$12.1K −$1.01/SF

EGI

$192.4K $16.03/SF

− OpEx

−$28.9K −$2.41/SF

NOI

$163.6K $13.63/SF

Area

Somerset County, NJ

Vacancy

5.90%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,271,060

Cap Rate 7%

$2,336,471

Cap Rate 9%

$1,817,256

Alternative Uses

Best Use

Flex RnD

$2.57M

$2.25M – $3.00M (±1% cap)

NOI $180,049 @ 7.0% cap · market cap 9.48%

Second Best

Warehouse

$2.34M

$2.04M – $2.73M (±1% cap)

NOI $163,553 @ 7.0% cap · market cap 8.61%

Theoretical Best

Office A

$3.13M

$2.74M – $3.66M (±1% cap)

NOI $219,341 @ 7.0% cap · market cap 11.55%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Computer & Electronic Repair (Bike/Boat/Book/etc) Store Storage Facility Electrical Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

1,077

Businesses Nearby

Explore this area Business Placement

Demographics for 08869, NJ

7,835

Population

3,257

Households

2.4

Avg Household Size

39

Median Age

40%

College-Educated

90%

High-School Grad

2.0 sq mi

ZIP Area

3,918

Density / Sq Mi

$103,699

Median Household Income

$50,108

Median Earnings

$1,927

Median Rent

$449,200

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Manufacturing property - B-3-zoned facility combines production and storage areas with a dedicated showroom and office.

Where is this manufacturing property located?

The property is located at 401 Us Highway 202 #1 Raritan, NJ.

What is the asking price?

The asking price for this property is $1,899,000.

What are key features of this property?

This property features: 12,000 SF manufacturing building; Six (6) overhead doors and a tailboard; 2,000 SF showroom and office area, plus storage areas