Bridgewater Office Condo For
For Sale
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672 US HWY 202/206, Bridgewater, NJ 08807
1,350 sq ft office condo in Bridgewater, NJ.
Property Size1,350 SF
Price / SF$214.07
Days on Market148
Property Features for 672 US HWY 202/206
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Office
Building Details
Units
12
Listing Agency:
Deluccia Commercial Group/Berkshire Hathway Fox & Roach Realtors.
Listed By:
Tim Deluccia · License #8243435
(732) 469-1515
Source:
Crexi
Added: May 22
Changed: Oct 13
Last Checked: Oct 16 at 7:09AM
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 Deluccia Commercial Group/Berkshire Hathway Fox & Roach Realtors.
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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 is a 1,350 sq. ft. office condo featuring three private offices, a conference room, reception area, and bullpen. It is located in an elevator building and includes on-site parking. The property is suitable for office professionals, attorneys, accountants, or medical practitioners.
Key Highlights
- Spacious 1,350 sq. ft. office condo.
- Features three private offices, a conference room, reception area, and bullpen.
- Located in a convenient elevator building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,655
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,100
$413.1K
Cap Rate 7%
$295,071
$295.1K
Cap Rate 9%
$229,500
$229.5K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$40.5K $30.00/SF
− Vacancy
−$13.0K −$9.60/SF
EGI
$27.5K $20.40/SF
− OpEx
−$6.9K −$5.10/SF
NOI
$20.7K $15.30/SF
Area
Somerset County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,100
Cap Rate 7%
$295,071
Cap Rate 9%
$229,500
Alternative Uses
Best Use
Office B
$295.1K
$258.2K – $344.3K
NOI $20,655 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.5K
$308.5K – $411.3K
NOI $24,676 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - 1,350 sq ft office condo in Bridgewater, NJ.
Where is this office units located?
The property is located at 672 US HWY 202/206 Bridgewater, NJ.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Spacious 1,350 sq. ft. office condo.; Features three private offices, a conference room, reception area, and bullpen.; Located in a convenient elevator building.
