Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Near Somerville Circle Title is generated by Realmo AI

    79 Route 206, Somerville, NJ 08876

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,100,000

    Vacant commercial lot near Somerville Circle, suitable for various uses.

    Type:Land
    Added:
    Dec 3, 2025
    Days on Market:
    165
    Last Refresh:
    Apr 5 at 8:18 pm

    Property Features for 79 Route 206

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Ken Worden

    Listing agent Ken Worden

    Listing office

    Listing date Dec 3, 2025

    Source Cbcworldwide

    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 Ken Worden

    HighLights

    • Zoned for Most Commercial Uses
    • Only Vacant Lot Close to Somerville Circle
    • All Utilities Available
    • Ideal For Fast Food Establishments
    • Located on Northbound side of Route 206 across from Raritan Mall and next to Dunkin Donuts
    • Survey Available

    Overview

    This vacant commercial land is located on the northbound side of Route 206, across from the Raritan Mall and next to Dunkin Donuts. The property is zoned for most commercial uses and is the only vacant lot close to Somerville Circle. All utilities are available. A survey is also available. The site is ideal for fast food establishments. The property previously operated as a Minuteman Diner.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Somerville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6608
    Latitude
    40.5554

    Nearby Similar for Sale

    • $599,000
      3,000 SF

      Somerville Office Building For Sale

      3,000 SF commercial building in the heart of Somerville.
      38 N Gaston Ave, Somerville Boro, NJ 08876
      View Details
    • $3,900,000
      9,875 SF

      New Industrial Building on Acreage

      New 9,875 SF industrial building on 9.44 acres.
      104 Readington Rd, Branchburg Twp., NJ 08876
      View Details
    • $599,000
      3,000 SF

      Somerville Two-Family Property Near Downtown

      Well-maintained 2-unit property near downtown Somerville with ample parking.
      38 N Gaston Ave, Somerville Boro, NJ 08876-2438
      View Details
    • $2,950,000
      10,857 SF

      Retail Building with Warehouse Space

      Freestanding retail building with warehouse in high-visibility location.
      906 Us Highway 22, Somerville Boro, NJ 08876
      View Details
    • $850,000
      4,500 SF

      Medical Building Near RWJ Hospital

      Medical building with finished space and unfinished lower level.
      Somerville Boro, NJ 08876-3006
      View Details
    • $2,000
      4,000 SF

      Spacious Office Suite in Somerville

      4,000 SF office suite in downtown Somerville, NJ.
      21 Park Ave, Somerville Boro, NJ 08876
      View Details
    • $2,500
      10,000 SF

      Downtown Somerville Retail Building

      10,000 SF retail building in award-winning Downtown Somerville.
      2 E Main St, Somerville Boro, NJ 08876
      View Details
    • $14
      45,376 SF

      Branchburg Light Industrial/Manufacturing Facility

      Climate-controlled industrial space on Route 22, ideal for manufacturing.
      3087 Us Highway 22, Branchburg Twp., NJ 08876
      View Details
    • $3,125
      26,000 SF

      Somerville Boro Retail/Office Space

      1500 SF B-2 zoned space in prime location.
      30 S Doughty Ave, Somerville Boro, NJ 08876
      View Details
    • $1,500
      3,250 SF

      Somerville Boro Office Space

      3250 sq ft office space in Somerville Boro, NJ
      61 5Th St, Somerville Boro, NJ 08876
      View Details
    • $3,000

      Downtown Somerville Office/Shop Space

      Ground-floor office/shop space in Downtown Somerville, approximately 3,000 SF.
      23 Park Ave, Somerville Boro, NJ 08876
      View Details
    • $94,900
      10,000 SF

      Renovated Office Condo in Somerville

      Newly renovated 800 SF office condo near downtown Somerville.
      10 N Gaston Ave, Somerville Boro, NJ 08876
      View Details

    FAQs

    What type of property is this?
    Land - Vacant commercial lot near Somerville Circle, suitable for various uses.
    Where is this land located?
    The property is located at 79 Route 206 Somerville, NJ.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Zoned for Most Commercial Uses; Only Vacant Lot Close to Somerville Circle; All Utilities Available
    (908) 295-6664
    We can help!
    Listing Contact
    Ken Worden
    Learn More
    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
    79 Route 206, 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!