57 4Th St Somerville, NJ 08876
Property profile & analytics
57 4Th St, Somerville, NJ 08876
- Industrial properties
- 0.77 lot acres
Property ID
US59-0112719
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.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 57 4Th St
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.77 lot acres
- Zone code
- I-2
- Property type
- Industrial properties
- APN
- 18 00054-0000-00001
- APU
- 1800054000000001
Description
This exceptional investment opportunity presents a meticulously maintained 12,500-square-foot commercial building in Somerville, NJ. The property boasts a desirable blend of office and warehouse space, perfectly suited for both investors and owner-occupiers. The building features 12,500 square feet of space, including 4,000 square feet of warehouse area with 20-foot ceilings, drive-in, and tailboard loading capabilities. The office space is professionally designed and includes private offices, conference rooms, a bullpen area, and a cafeteria. Its location within an I-2 zone, designated for light industrial use, adds to its versatility. Currently leased to a tenant with excellent credit on a true triple-net lease until December 31, 2026, the property generates a net operating income (NOI) of $186,000, representing a 7.5% capitalization rate. This presents a strong return on investment, making it an ideal acquisition for investors seeking immediate cash flow. The potential for owner-occupancy in approximately two years further enhances its appeal. The building's clean and well-maintained condition underscores its high-quality construction and ongoing upkeep. This property offers a rare combination of income-generating potential and future owner-occupancy flexibility in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Somerville
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.6109
- Latitude
- 40.5612
- 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
$34,928
$138,800
$789,900
$928,700
-
$138,800
$789,900
$928,700
