Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Professional Office Suite Title is generated by Realmo AI

    58 E Main St, Somerville, NJ 08876

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    750 SF office suite in the heart of downtown.

    Type:Commercial/Industrial
    Property size:
    750 SF
    Lot size:
    1.55 Acres
    Added:
    Aug 3, 2023
    Days on Market:
    1034
    Last Refresh:
    May 20 at 2:25 am

    Property Features for 58 E Main St

    General Information

    Standard status
    Active
    Size
    750 SF
    Lot size
    1.55 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    TIM DELUCCIA

    Listing agent TIM DELUCCIA

    Listing office BHHS FOX & ROACH

    Listing date Aug 3, 2023

    Source Exitrealty

    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

    HighLights

    • Prime downtown location: across from County Administration Building and Court House
    • 750 SF professional office suite
    • Convenient access to a 704‑car parking garage
    • On‑site fitness center access
    • Walk to restaurants and shopping
    • NJ Transit within 2 blocks

    Overview

    This 750 square foot professional office suite is located on the 3rd floor in the heart of downtown. The location is across from the County Administration Building and Court House. A 704-car parking garage is available. The property offers access to a fitness center and is within walking distance of restaurants and shopping. NJ Transit is located two blocks away.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6134072
    Latitude
    40.5687761

    Nearby Similar for Lease

    • $1,600/Mo

      Somerville Professional Office Space

      First-floor office unit near downtown Somerville and train station.
      102 Grove St, Somerville Boro, NJ 08876-1947
      View Details
    • $3,100/Mo

      Somerville Boro Commercial Office Space

      Seven-room office space for rent in Somerville Boro, NJ.
      34 E Main St, Somerville Boro, NJ 08876
      View Details
    • $2,150/Mo
      8,200 SF

      Retail/Office Space on Highway 202

      767 SF interior unit in a high-traffic strip center.
      1010 Us Highway 202, Branchburg Twp., NJ 08876
      View Details
    • $5,962/Mo
      5,400 SF

      Downtown Somerville Retail Space Available

      2700 SF retail space in vibrant downtown Somerville.
      8 W Main St, Somerville Boro, NJ 08876
      View Details
    • $1,000/Mo

      Somerville Two-Car Garage for Rent

      Spacious two-car garage with loft storage in Somerville, NJ.
      171 S Bridge St, Somerville Boro, NJ 08876-3216
      View Details
    • $4,200/Mo
      960 SF

      Move-in Ready Office Building For Rent

      Well-maintained office building with parking and storage, highway commercial zoning.
      3470 Us Highway 22, Readington Twp., NJ 08876
      View Details
    • $1,300/Mo

      Renovated Office Space in Somerville

      Modern office space near downtown Somerville with included utilities.
      4 E Cliff St, Somerville Boro, NJ 08876
      View Details
    • $450/Mo
      7,040 SF

      Furnished Medical Offices Available

      Furnished single offices in medical building, utilities included.
      72 W End Ave, Somerville Boro, NJ 08876
      View Details
    • $3,100/Mo

      Move-In Ready Office Space

      Seven-room office space available for rent, utilities included.
      34 E Main St, Somerville Boro, NJ 08876
      View Details
    • $8,500/Mo
      6,468 SF

      Former Restaurant on Route 22

      Fully equipped restaurant with high visibility and excellent parking.
      3523 Us Highway 22, Readington Twp., NJ 08876
      View Details
    • $3,791/Mo
      4,730 SF

      Retail Space in Downtown Somerville

      1,750 SF retail space in vibrant downtown Somerville.
      66 W Main St, Somerville Boro, NJ 08876
      View Details
    • $4,800/Mo
      960 SF

      Route 22 Corner Office Building

      Well-maintained office building with parking and flexible commercial zoning.
      3470 Us Highway 22, Readington Twp., NJ 08876
      View Details

    FAQs

    What type of property is this?
    Office units - 750 SF office suite in the heart of downtown.
    Where is this office units located?
    The property is located at 58 E Main St Somerville, NJ.
    What are key features of this property?
    This property features: Prime downtown location: across from County Administration Building and Court House; 750 SF professional office suite; Convenient access to a 704‑car parking garage
    (908) 938-6405
    We can help!
    Listing Contact
    TIM DELUCCIA
    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

    Thank You for Inquiry
    58 E Main St, Somerville Boro, NJ 08876
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!