Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    515 Church St Bound Brook, NJ 08805

    View on Map
    Claim this Listing
    For Sale
    $1,399,000

    CommercialSale - Bound Brook Boro, NJ

    Property size:
    7,226 SF
    Lot size:
    0.60 Acres
    Price / SF:
    $193/SF
    Added:
    Mar 12, 2024
    Days on Market:
    779
    Last Refresh:
    Apr 29 at 12:06 am

    Property Features for 515 Church St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    7,226 SF
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Annual Amount
    20167

    Utilities

    Cooling system
    Multi Units

    Building Details

    Year built
    1968
    Number of units
    4
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Timothy Deluccia
    Timothy Deluccia

    Listing agent Timothy Deluccia

    Listing office BHHS Fox & Roach Martinsville South Sales Office 1996 Washington Valley Road, NJ

    Listing date Mar 12, 2024

    MLS# 3890291 Listing URL

    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.

    Overview

    Four-Unit Medical Building For Sale

    This is a four-unit professional medical building for sale situated on a corner location. The property offers abundant parking and is currently 100% leased. It is an excellent investment property that could also suit an owner/user for medical and/or general office purposes. The building is located minutes from Route 28, Route 22, Interstate 287, and Robert Wood Johnson University Hospital Somerset. The property has a net operating income (NOI) of $89,626.48 and a 6% capitalization rate. The lot size is 0.6 acres. The building has 7,226 square feet of space and is located in Bound Brook Boro, New Jersey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Bound Brook Veterinary Clinic — 95 Union Ave, Middlesex, NJ 08846
    • George Randall, DVM — 95 Union Ave, Middlesex, NJ 08846
    • Roseline Cuevas - Bound Brook Veterinary Clinic — 95 Union Ave, Middlesex, NJ 08846
    • Ana Amato - Bound Brook Veterinary Clinic — 95 Union Ave, Middlesex, NJ 08846
    • David Schroepfer - Bound Brook Veterinary Clinic — 95 Union Ave, Middlesex, NJ 08846

    Location Insight

    • Map
    • Local Demand
    City
    Bound Brook
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5328381
    Latitude
    40.568398

    Nearby Similar for Sale

    • $1,875,000
      5,478 SF

      High-Visibility Commercial Property on Route 28

      Owner-user commercial property in Bound Brook Boro, delivered vacant.
      454-460 W Union Ave, Bound Brook Boro, NJ 08805-1221
      View Details
    • $650,000

      Tavern/Sports Bar & Restaurant

      Neighborhood tavern, sports bar, and restaurant in Bound Brook.
      13 Hamilton St, Bound Brook Boro, NJ 08805-2014
      View Details
    • $550,000

      Bound Brook Duplex: Income Opportunity

      Well-maintained duplex in Bound Brook with strong rental income potential.
      261 W Main St, Bound Brook Boro, NJ 08805-1837
      View Details
    • $635,000

      Two-Family House on Large Property

      Two-unit house on 4.22 acres in Bound Brook.
      272 W. Main Street, Bound Brook Boro, NJ 08805-1838
      View Details
    • $599,000

      Highway Frontage Commercial Property

      Commercial property on 1.3 acres with highway frontage.
      1991 Us 22, Bound Brook, NJ 08805
      View Details
    • $559,000

      Bound Brook Two-Family Home

      Well-maintained two-family home in desirable Bound Brook neighborhood.
      131 La Monte Ave, Bound Brook Boro, NJ 08805-1807
      View Details
    • $575,000
      1,866 SF

      Bound Brook Two-Family Home

      Charming two-family home with rental income potential in Bound Brook.
      206 E Union Avenue, Bound Brook, NJ 08805
      View Details
    • $559,000

      Bound Brook Two-Family Home

      Well-maintained two-family home in a desirable Bound Brook location.
      131 La Monte Avenue, Bound Brook, NJ 08805
      View Details
    • $474,999
      1,128 SF

      Bound Brook Multifamily with Bonus

      Legal 2-family home with bonus unit near downtown and train.
      112 East Street, Bound Brook, NJ 08805
      View Details
    • $19
      16,283 SF

      Bridgewater Office Units on Route 22

      First floor office units available in Bridgewater Township, Somerset County.
      1952 Us Highway 22, Bridgewater Twp., NJ 08805
      View Details
    • $1,875,000
      5,478 SF

      High-Visibility Commercial Property For Sale

      Owner-user commercial property in a high-traffic location.
      454 W Union Ave, Bound Brook Boro, NJ 08805
      View Details
    • $1,875,000
      6,448 SF

      High-Visibility Commercial Property For Sale

      Commercial property in B-1 district, ideal for owner-user.
      454-460 W Union Avenue, Bound Brook, NJ 08805
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Four-unit professional medical building for sale in Bound Brook Boro.
    Where is this medical office space located?
    The property is located at 515 Church St Bound Brook, NJ.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: 100% Leased 4‑Unit Professional Medical Building; Excellent Investment Property with $89,626.48 NOI and 6% Cap Rate; Corner Location with Abundant Parking
    (908) 938-6405
    We can help!
    Listing Contact
    Timothy Deluccia
    Timothy Deluccia
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!