54 Grv St Ste 1a Somerville, NJ 08876-1932
This meticulously maintained 1,250 square foot executive office suite presents a fantastic opportunity in the heart of Somerville, New Jersey. Located just one block from the Somerset County Courthouse and Main Street's vibrant downtown, this property boasts an ideal location for professionals seeking high visibility and convenient access to essential services. The suite features a welcoming reception area, three private offices providing ample space for individual work or team collaboration, and a spacious conference room perfect for meetings and presentations. A dedicated four-person administrative area ensures efficient workflow, while a convenient kitchenette adds to the functionality of the space. The property also includes a full basement offering a substantial dedicated file/storage area, addressing the need for secure document management and additional storage. Parking is readily available with 24 spaces in a dedicated lot. The asking price is $269,800, translating to a price per square foot of $215.84. This well-appointed office suite is ready for immediate occupancy and represents an excellent investment in a thriving downtown location. The property is situated at 54 Grove Street, Somerville, NJ 08876, within Somerset County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PO-R · Somerville, NJSomerville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.