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Property profile & analytics
OFF-MARKET
Office Spaces

10 Gaston Ave Somerville, NJ 08876-2434

Built 1988
Entity Owned 7-yr Hold Free & Clear
Property ID
US59-1898343
Property summary
AI-generated overview

This exceptional commercial property at 10 N Gaston Avenue N #6 in Somerville, New Jersey, presents a unique investment opportunity. The two-story building, zoned PO-R, offers a total of 5 square feet of office space, ideally suited for an executive office or similar commercial use. The property boasts a total of ten parking spaces, conveniently located both in the rear parking lot and on the street, ensuring ample parking for tenants and visitors. The interior features a mix of vinyl and ceramic flooring, wall-to-wall carpeting in select areas, and multiple versatile rooms. Unit 4 includes two multipurpose rooms, a half-bath with ceramic tile flooring, and a storage closet. Unit 6 offers nine multipurpose rooms, two half-baths, and a dedicated storage room. Building amenities include drop ceilings, a sprinkler system, and forced-air central air conditioning. Its strategic location in Somerville provides excellent visibility and easy access to shopping, dining, and public transportation. Furthermore, its proximity to major roadways like Routes 206, 22, and 287 ensures convenient commuting for employees and clients. This single-tenant property, with its attractive features and convenient location, represents a compelling opportunity for businesses seeking a thriving environment in a desirable New Jersey market. The property's APN is 18000460100004.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1988
Zoning code PO-R
APN 18 00046- 01-00002
UPID US59-1898343
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Khc Realty LLC · 7 yrs held
Khc Realty LLC
since 2019
2 recorded transactions
2019
$90,000
2015
Price N/A
Zoning & alternative use
PO-R · Somerville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

e Family Residence District. § 102-100 R-2 Single Family Residence District. § 102-101 R-3 Single Family Residence District. § 102-102 G Garden Apartment District. § 102-103 SC Senior Citizen Housing District. § 102-104 PO-R Professional Office-Residential District. § 102-105 B-1 Central Business District. § 102-106 B-2 Central Business District. § 102-107 B…

Zone name Professional Office And Residential District
General category RESIDENTIAL
Zone area 134.26 ac
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