Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    36 4Th St Somerville, NJ 08876
    Back to Search
    Property profile & analytics

    36 4Th St, Somerville, NJ 08876

    View on Map
    • Warehouses
    • 9,044 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 36 4Th St

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 9,044-square-foot warehouse, located at 36 4th Street in Somerville, New Jersey, presents a significant leasing opportunity. The property boasts a single-tenant occupancy, offering complete control and flexibility for the new occupant. The warehouse features a substantial 16-foot ceiling height, providing ample vertical space for storage or high-volume operations. Convenient access is ensured with one drive-in door, streamlining loading and unloading processes. Parking is readily available with 20 spaces allocated for the property. The entire 9,044 square feet is currently vacant and ready for immediate occupancy. This prime industrial space is situated in Somerville, NJ, zip code 08876, offering easy access to major transportation routes and a thriving business community. The property's size and features make it ideal for a variety of industrial uses, from storage and distribution to light manufacturing. The ample parking and convenient drive-in access further enhance its operational efficiency. This is a rare opportunity to secure a substantial, well-located warehouse space in a desirable New Jersey market. Interested parties are encouraged to inquire promptly. The property is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6125
    Latitude
    40.5608

    Comparable in this City

    • Value Estimation by Request
      5,057 SF

      21 5Th St

      Distribution properties
      21 5Th St, Somerville, NJ 08876
      View Details
    • Value Estimation
      $15,460,000
      18.46 Acres

      140 Meister Ave

      WAREHOUSE, STORAGE
      140 Meister Ave, Branchburg, NJ 08876-3465
      View Details
    • Value Estimation
      $1,170,000
      8,640 SF

      25 4th St

      WAREHOUSE, STORAGE
      25 4th St, Somerville, NJ 08876-3205
      View Details
    • Value Estimation
      $565,000
      5.02 Acres

      211 Evans Way

      WAREHOUSE, STORAGE
      211 Evans Way, Branchburg, NJ 08876-3766
      View Details
    • Value Estimation by Request
      1.50 Acres

      31 Readington Rd

      WAREHOUSE, STORAGE
      31 Readington Rd, Branchburg, NJ 08876-3520
      View Details
    • Value Estimation by Request
      0.15 Acres

      Evans Way

      INDUSTRIAL (GENERAL)
      Evans Way, Somerville, NJ 08876
      View Details

    Similar Nearby for Sale

    • New
      $2,000,000
      Pending

      Office & Warehouse Building with Loading

      Clean, well-maintained office building with warehouse space and drive-in/tailboard loading, fully leased through 2026 under NNN terms.
      57 4Th St, Somerville, NJ 08876
      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, NJ 08876
      View Details
    • Contact for pricing
      90,000 SF

      Branchburg Warehouse/Industrial Opportunity

      90,000 SF warehouse/industrial property in Branchburg, NJ for sale.
      68 County Line Rd, Branchburg, NJ 08876
      View Details
    • $2,950,000
      10,857 SF

      Retail Building with Warehouse Space

      Freestanding retail building with warehouse in Somerset County, NJ.
      906 Us Highway 22, Somerville, NJ 08876
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      202,293 SF

      Branchburg Industrial Warehouse For Rent

      202,293 SF industrial warehouse with ample parking.
      3070 Us Highway 22, Branchburg, NJ 08876
      View Details
    • Contact for pricing
      13,250 SF

      Branchburg Warehouse with Office Space

      13,250 SF available warehouse and office space for lease.
      10 Culnen Dr, Branchburg, NJ 08876
      View Details
    • Contact for pricing
      29,000 SF

      Somerville Warehouse Space Available

      29,000 square foot warehouse space for lease in Somerville.
      6 Bell Ave, Somerville, NJ 08876
      View Details
    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.
    36 4Th St
    Somerville, NJ 08876
    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
    36 4Th St, Somerville, 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!