First-Floor Medical Office
For Sale
Contact for pricing
81 Veronica Avenue #101, Somerset, NJ 08873
Former surgery-center space within a two-story brick professional building with paved parking and established medical occupancy.
Property Size4,980 SF
Price / SF$1.63
Days on Market47
Property Features for 81 Veronica Avenue #101
General Information
Standard status
Active
Size
4,980 SF
Property subtype
Commercial
Building Details
Year Built
2002
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
Susanna Lee · License #SUSALEE
(732) 452-5731
Source:
Trompeterrealestate
Added: Sep 14
Changed: Oct 26
Last Checked: Oct 30 at 11:03AM
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 COLDWELL BANKER REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 101 provides approximately 4,980 SF on the first floor of a two-story brick professional office building completed in 2002. The space was formerly used as a surgery center and is positioned for medical, healthcare, or other professional office use. The property occupies approximately 2.25 acres and includes an oversized paved parking lot. Separate utility meters serve the suite.
Located at 81 Veronica Avenue in Franklin Township, the property is near Route 1 and other major highways. Robert Wood Johnson University Hospital and Saint Peter's University Hospital are also nearby. The building includes an established mix of professional medical occupants, providing a dedicated healthcare-oriented setting for the available suite.
Located at 81 Veronica Avenue in Franklin Township, the property is near Route 1 and other major highways. Robert Wood Johnson University Hospital and Saint Peter's University Hospital are also nearby. The building includes an established mix of professional medical occupants, providing a dedicated healthcare-oriented setting for the available suite.
Key Highlights
- Approximately 4,980 SF first‑floor suite 101
- Former surgery‑center space in a two‑story brick office building
- Property spans approximately 2.25 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,150
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,000
$1.5M
Cap Rate 7%
$1,059,286
$1.1M
Cap Rate 9%
$823,889
$823.9K
Market Conditions
NOI Build-Up for 4,980 SF
Gross rent
$131.5K $26.40/SF
− Vacancy
−$7.9K −$1.58/SF
EGI
$123.6K $24.82/SF
− OpEx
−$49.4K −$9.93/SF
NOI
$74.2K $14.89/SF
Area
Somerset County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,000
Cap Rate 7%
$1,059,286
Cap Rate 9%
$823,889
Alternative Uses
Best Use
Office B
$1.09M
$952.4K – $1.27M
NOI $76,194 @ 7.0% cap · market cap 938.70%
Second Best
Healthcare Medical
$1.06M
$926.9K – $1.24M
NOI $74,150 @ 7.0% cap · market cap 913.51%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,026 @ 7.0% cap · market cap 1,121.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08873, NJ
55,500
Population
22,142
Households
2.5
Avg Household Size
42
Median Age
54%
College-Educated
93%
High-School Grad
32.1 sq mi
ZIP Area
1,729
Density / Sq Mi
$117,866
Median Household Income
$61,727
Median Earnings
$1,942
Median Rent
$438,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Faith Veterinary Clinic Services — 475 Demott Ln, Somerset, NJ 08873
Frequently Asked Questions
What type of property is this?
Medical Office Space - Former surgery-center space within a two-story brick professional building with paved parking and established medical occupancy.
Where is this medical office space located?
The property is located at 81 Veronica Avenue #101 Somerset, NJ.
What are key features of this property?
This property features: Approximately 4,980 SF first‑floor suite 101; Former surgery‑center space in a two‑story brick office building; Property spans approximately 2.25 acres
