Office Building with Warehouse Space

57 4th St Somerville, NJ 08876

Claim this Listing
For Sale
$2,000,000

12,500 SF office with warehouse, leased until 2026.

Type:Commercial
Property size:
12,500 SF
Price / SF:
$160/SF
Added:
May 15, 2026
Days on Market:
57
Last Refresh:
Jul 4 at 9:29 am

Property Features for 57 4th St

General Information

Standard status
Active
Size
12,500 SF
Property subtype
Commercial

Building Details

Year Built
1987

Listing office BHHS FOX & ROACH

Listing date May 15, 2026

Source Corcoran

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 well-maintained 12,500 SF building features 4,000 SF of warehouse space in addition to professional office areas. The office component includes private offices, conference rooms, a bullpen area, and a cafeteria. The warehouse has 20' ceilings and both drive-in and tailboard loading capabilities. It is located in an I-2 light industrial zone. The property is currently leased to an excellent credit tenant under a true triple net lease until December 31, 2026, generating an NOI of $186,000 at a 7.5% cap rate. This presents an ideal investment opportunity or a future owner-user opportunity to buy now as an investment and occupy in 2 years.

Key Highlights

  • Net Operating Income (NOI) of $186,000 with a 7.5% Cap Rate.
  • Leased to an excellent credit tenant under a true triple net lease until December 31, 2026.
  • Large 12,500 SF office building with an additional 4,000 SF warehouse space.

Local Financial Insights For Warehouse

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 $213.0k $17.04
− Vacancy −$12.6k −$1.01
EGI $200.4k $16.03
− OpEx −$30.1k −$2.41
NOI $170.4k $13.63
12,500 SF · lease $17.04/SF/yr · vacancy 5.90% · expense 15.00%

Alternative Uses

Best Use
Office B
$2.73M
$2.39M – $3.19M (±1% cap)
NOI $191,250 @ 7.0% cap · market cap 9.56%
Second Best
Flex RnD
$2.68M
$2.34M – $3.13M (±1% cap)
NOI $187,551 @ 7.0% cap · market cap 9.38%
Theoretical Best
Office A
$3.26M
$2.86M – $3.81M (±1% cap)
NOI $228,480 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Auto Parts Store Storage Facility Building Supply HVAC Service Furniture & Home Goods Veterinary Clinic Garden Center Food Market Big Box & Wholesale Store Real Estate Agency

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

Similar Off Market Nearby

  • DiMa's Bistro — 50 Division St Suite 501, Somerville, NJ 08876
  • L&S Chef's Table — 13 Hamilton St, Somerville, NJ 08876

FAQs

What type of property is this?
Flex space - 12,500 SF office with warehouse, leased until 2026.
Where is this flex space located?
The property is located at 57 4th St Somerville, NJ.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Net Operating Income (NOI) of $186,000 with a 7.5% Cap Rate.; Leased to an excellent credit tenant under a true triple net lease until December 31, 2026.; Large 12,500 SF office building with an additional 4,000 SF warehouse space.
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