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Property profile & analytics

286 Main St Somerville, NJ 08876-3006

  • Commercial real estate
  • 3,502 SF
  • 0.46 lot acres
OFF-MARKET
Last Sale
Jan 06, 2025
$589,000
Value Estimations
$555,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US59-1200466
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 286 Main St

Year built
1920
Lot size
0.46 lot acres
Property size
3,502 SF
Zone code
PO-R
Property type
Commercial real estate
APN
18 00048-0000-00013
APU
1800048000000013

Description

This exceptional 3,665 square foot office space at 286 E MAIN ST, Somerville, NJ, is situated on a 0.46-acre lot and presents a unique opportunity for a variety of businesses. The main level boasts 2,600 square feet, featuring two entrances with handicap accessibility. A spacious waiting room and reception area seamlessly flow into eight large rooms, easily adaptable as either two offices and six exam rooms or one office and seven exam rooms. Four rooms are equipped with sinks and vanity/desk stations, catering to specific professional needs. Additional features include a dedicated x-ray room, nurses' station, pantry, break room, and a rolladex filing room, along with a washroom. The entire space is meticulously wired with Category 6 Ethernet networking, ensuring seamless connectivity. The electrical system has been upgraded to LED lighting for energy efficiency. The building benefits from a dual-zone HVAC system, providing climate control for both the waiting/reception area and offices, and the exam rooms, pantry, and nurses' station. The entire 2,600 square foot main level features attractive porcelain flooring with a wood-look finish. Pre-wiring for security systems is also in place. The property is offered at $22 per square foot, plus utilities.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $550,000
    ML approach
    $530,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $504,000
    Market price range: $505k - $817k
    AI Estimate
    $371,000
    Market price range: $371k - $648k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $635,000
    Current use
    OFFICE BUILDING
    $720,000
    Change: +14% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Somerville
County
Somerset
State
New Jersey
Longitude
-74.5996
Latitude
40.5653
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$11,283
$176,000
$124,000
$300,000
-
$176,000
$124,000
$300,000
More about this property
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