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Property profile & analytics
FOR LEASE
Warehouses
25 4Th St Somerville, NJ 08876
Entity Owned
15-yr Hold
Free & Clear
Property ID
US59-1596850
For Lease
1 / 2
Contact for pricing
25 4Th St, Somerville, NJ 08876
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
8,640 SF
Lot
0.69 ac (30,000 SF)
Zoning code
I-2
APN
18 00055-0000-00007
UPID
US59-1596850
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
25 Fourth Street LLC · 15 yrs held
25 Fourth Street LLC
since 2011
1 recorded transaction
Zoning & alternative use
I-2 · Somerville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
iness Services District. § 102-108 B-4 Neighborhood Business - Residential District. § 102-109 B-5 Highway Business District. § 102-110 B-6 Shopping Center Business District. § 102-111 I-1 Industrial District. § 102-112 I-2 Industrial District. § 102-113 CG County Government District. § 102-114 H Hospital District. § 102-115 Special Improvement District. § 1…
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
37.69 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Somerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somerville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,590,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,525,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,235,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$29,855
Tax year 2022
Assessed value
$793,800
Assessed 2023
Previous assessed
$793,800
+0.0% YoY
Effective rate
3.76%
On assessed value
Assessed land
$500,000
Assessed improvement
$293,800
Land market value
$500,000
Improvement market value
$293,800
Total market value
$793,800
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1979
Heating
NONE
Units
1
Total area
8,640 SF
Lot
0.69 ac (30,000 SF)
Zoning code
I-2
APN
18 00055-0000-00007
UPID
US59-1596850
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Somerville, NJZoning I-2 · permitted uses
I-2 · Somerville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
iness Services District. § 102-108 B-4 Neighborhood Business - Residential District. § 102-109 B-5 Highway Business District. § 102-110 B-6 Shopping Center Business District. § 102-111 I-1 Industrial District. § 102-112 I-2 Industrial District. § 102-113 CG County Government District. § 102-114 H Hospital District. § 102-115 Special Improvement District. § 102-116 Conditional Uses. § 102-117 General Regulations. § 102-118 Off-Street Parkin
Zone name
Industrial District
General category
INDUSTRIAL
Zone area
37.69 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
25 Fourth Street LLC
Entity
Free & Clear · 15 yrs held
Mailing address
400 N BRG ST, BRIDGEWATER, NJ 08807-2831
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2011
—
25 Fourth Street LLC
Sullivan,sylvester L & Claire A
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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