515 Church St, Bound Brook, NJ 08805
CommercialSale - Bound Brook Boro, NJ
- Added:
- Mar 12, 2024
- Days on Market:
- 829
- Last Refresh:
- Jun 18 at 9:06 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
Listing agent Timothy Deluccia (908) 938-6405
Listing office BHHS Fox & Roach Martinsville South Sales Office 1996 Washington Valley Road, NJ
Listing date Mar 12, 2024
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
- 100% Leased 4‑Unit Professional Medical Building
- Excellent Investment Property with $89,626.48 NOI and 6% Cap Rate
- Corner Location with Abundant Parking
- Ideal for Owner/User (Medical or General Office)
- Minutes from Major Routes: RT 28, 22, I‑287
- Proximity to RWJ University Hospital Somerset
Overview
Located at 515 Church St in Bound Brook Boro, NJ 08805, the property is described as minutes from RT 28, 22, I-287, and RWJ University Hospital Somerset. The combination of a corner position and on-site parking is intended to support convenient access for patients and office occupants.
For investors, the listing describes the building’s current income as NOI of $89,626.48 with a stated 6% cap rate. For owner-users, the configuration offers the opportunity to occupy part of a leased, purpose-built medical office structure while maintaining exposure to the remaining suites. Prospective tenants and buyers should review the lease structure and suite availability directly as part of their due diligence.
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 | $216.8k | $30.00 |
| − Vacancy | −$69.4k | −$9.60 |
| EGI | $147.4k | $20.40 |
| − OpEx | −$36.9k | −$5.10 |
| NOI | $110.6k | $15.30 |
Alternative Uses
Current Use by Public Records
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
- -74.532859
- Latitude
- 40.568312
