Commercial Restaurant
For Sale
$499,999
640 Commons Way 4240, Bridgewater, NJ 08807
Commercial zoning and central air support restaurant use.
Property Size2,364 SF
Days on Market40
Property Features for 640 Commons Way 4240
General Information
Standard status
Active
Size
2,364 SF
Zoning
Commercial
Net Operating Income
$2,027
Amenities
Central Air
Forced Air
Gas Water Heater
On Street, Guest, On Site, Parking Lot
Building Details
Building Size
2,364 SF
Stories
1
Listing Agency:
Serhant.NewJersey LLC
Listed By:
Ron Ison · License #1646527
(973) 315-5959
Source:
Evrealestate
Added: Aug 19
Changed: Sep 26
Last Checked: Sep 26 at 2:35PM
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 Serhant.NewJersey LLC
Investment Insights
Based on property information with market context.
This restaurant property is zoned Commercial and has central air, forced-air heating, and a gas water heater. Parking options include on-site spaces, a parking lot, guest parking, and on-street parking.
The property is at 640 Commons Way 4240 in Bridgewater, New Jersey.
The property is at 640 Commons Way 4240 in Bridgewater, New Jersey.
Key Highlights
- Commercial zoning
- Central air and forced‑air heating
- Gas water heater
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,152
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$723,040
$723.0K
Cap Rate 7%
$516,457
$516.5K
Cap Rate 9%
$401,689
$401.7K
Market Conditions
NOI Build-Up for 2,364 SF
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.
Gross rent
$51.1K $21.60/SF
− Vacancy
−$2.9K −$1.21/SF
EGI
$48.2K $20.39/SF
− OpEx
−$12.1K −$5.10/SF
NOI
$36.2K $15.29/SF
Area
Somerset County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$723,040
Cap Rate 7%
$516,457
Cap Rate 9%
$401,689
Alternative Uses
Best Use
Specialty Retail
$516.5K
$451.9K – $602.5K
NOI $36,152 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$617.3K
$540.1K – $720.2K
NOI $43,210 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
354k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Apparel 39%
Shops & Services 5%
Hotels & Casinos 3%
Macy's
Apparel
139,879 visits/mo
0.5 miles
McDonald's
Dining
27,866 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
25,070 visits/mo
0.2 miles
Maggiano's Little Italy
Dining
24,234 visits/mo
0.2 miles
Wendy's
Dining
23,731 visits/mo
0.2 miles
Demographics for 08807, NJ
39,299
Population
14,302
Households
2.7
Avg Household Size
43
Median Age
61%
College-Educated
95%
High-School Grad
25.5 sq mi
ZIP Area
1,541
Density / Sq Mi
$165,983
Median Household Income
$79,480
Median Earnings
$2,092
Median Rent
$562,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial zoning and central air support restaurant use.
Where is this conventional restaurant located?
The property is located at 640 Commons Way 4240 Bridgewater, NJ.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Commercial zoning; Central air and forced‑air heating; Gas water heater
