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Property profile & analytics
OFF-MARKET
Office Spaces

54 Grv St Ste 1a Somerville, NJ 08876-1932

0.15 ac lot
Individually Owned 20-yr Hold ~ Est. High Equity
Property ID
US59-0100199
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Lot 0.15 ac (6,690 SF)
Zoning code PO-R
APN 18 00071- 01-00001
UPID US59-0100199
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
by Request
Owner & transaction history
Donna M Rinaldo · 20 yrs held
Donna M Rinaldo
since 2005
1 recorded transaction
2005
$289,000
Zoning & alternative use
PO-R · Somerville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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