Mixed-Use Property with
For Sale
$2,000,000
57 4th St #57, Somerville, NJ 08876
The office and warehouse space is leased on a true triple-net basis through December 31, 2026.
Property Size12,500 SF
Price / SF$160
Days on Market162
Property Features for 57 4th St #57
General Information
Standard status
Active
Size
12,500 SF
Total Parking Spaces
32
Property subtype
Commercial
Zoning
I-2
Occupancy
100%
Lease Type
Net
Net Operating Income
$186,000
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
4,000 SF
Additional Details
Cap Rate
7.5%
Amenities
conference rooms
cafeteria
Building Details
Building Size
12,500 SF
Year Built
1987
Buildings
1
Stories
1
Units
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Bhhs Fox & Roach
(732) 469-1515
Listed By:
Tim Deluccia · License #8243435
(732) 907-2901
Source:
Cammarotarealestate
Added: May 15
Changed: Oct 22
Last Checked: Oct 22 at 2:28PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 12,500-square-foot office building and 4,000 square feet of warehouse space. The office area has private offices, conference rooms, an open bullpen, and a cafeteria. Warehouse features include 20-foot ceilings, drive-in access, and tailboard loading. The building was constructed in 1987.
Zoned I-2, the property is currently leased through December 31, 2026, under a true triple-net lease. The stated cap rate is 7.5%.
Zoned I-2, the property is currently leased through December 31, 2026, under a true triple-net lease. The stated cap rate is 7.5%.
Key Highlights
- 12,500‑square‑foot office building with 4,000 square feet of warehouse space
- Office layout includes private offices, conference rooms, a bullpen, and cafeteria
- Warehouse has 20‑foot ceilings, drive‑in access, and tailboard loading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,368
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,407,360
$3.4M
Cap Rate 7%
$2,433,829
$2.4M
Cap Rate 9%
$1,892,978
$1.9M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$213.0K $17.04/SF
− Vacancy
−$12.6K −$1.01/SF
EGI
$200.4K $16.03/SF
− OpEx
−$30.1K −$2.41/SF
NOI
$170.4K $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%
$3,407,360
Cap Rate 7%
$2,433,829
Cap Rate 9%
$1,892,978
Alternative Uses
Best Use
Mixed Use
$3.00M
$2.63M – $3.50M
NOI $210,060 @ 7.0% cap · market cap 10.50%
Second Best
Office B
$2.73M
$2.39M – $3.19M
NOI $191,250 @ 7.0% cap · market cap 9.56%
Theoretical Best
Office A
$3.26M
$2.86M – $3.81M
NOI $228,480 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
Business Placement
Demographics for 08876, NJ
22,849
Population
9,717
Households
2.4
Avg Household Size
40
Median Age
56%
College-Educated
94%
High-School Grad
16.0 sq mi
ZIP Area
1,428
Density / Sq Mi
$120,823
Median Household Income
$70,464
Median Earnings
$1,776
Median Rent
$468,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The office and warehouse space is leased on a true triple-net basis through December 31, 2026.
Where is this mixed-use property located?
The property is located at 57 4th St #57 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: 12,500‑square‑foot office building with 4,000 square feet of warehouse space; Office layout includes private offices, conference rooms, a bullpen, and cafeteria; Warehouse has 20‑foot ceilings, drive‑in access, and tailboard loading
