Somerville Boro Somerville, NJ 08876
SINGLE_FAMILY - Somerville Boro, NJ
- Added:
- May 15, 2026
- Days on Market:
- 57
- Last Refresh:
- Jul 10 at 10:06 pm
Property Features for Somerville Boro
General Information
- Property type
- Residential
- Property subtype
- Other
- Standard status
- Pending
- Size
- 12,500 SF
Building Details
- Year built
- 1987
Listing agent Timothy Deluccia (908) 938-6405
Listing office BHHS Fox & Roach Martinsville South Sales Office NJ
Listing date May 15, 2026
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in an I-2 zone for light industrial uses, the property offers straightforward loading-oriented access through both drive-in and tailboard loading configurations. The asset is currently leased through December 31, 2026 to an established credit tenant under a true triple net structure.
For investors, the current lease structure provides income visibility through the lease term, while the property’s combination of office amenities and warehouse functionality can appeal to owner-users seeking flexibility. Alternatively, buyers considering an owner-occupancy plan can align timing with the lease end date, using the office improvements and the taller warehouse space to support in-house operations after December 2026.
Key Highlights
- Currently leased to an excellent credit tenant under a true triple net lease, generating $186,000 NOI with a 7.5% cap rate.
- 12,500 SF office building with an additional 4,000 SF warehouse space.
- Lease in place until December 31, 2026, providing immediate income.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $213.0k | $17.04 |
| − Vacancy | −$12.6k | −$1.01 |
| EGI | $200.4k | $16.03 |
| − OpEx | −$30.1k | −$2.41 |
| NOI | $170.4k | $13.63 |
