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Property profile & analytics
OFF-MARKET
Parking lots & garages

60 Millstone Rd Somerset, NJ 08873-3650

3,375 SF 0.16 ac lot
Entity Owned 6-yr Hold Free & Clear
Property ID
US59-2816969
Property summary
AI-generated overview

This exceptional 3,600 square foot commercial property, situated on a 0.16-acre lot at 60 Millstone Rd, Unit 60, Somerset, NJ, presents a unique opportunity for a variety of businesses. Recently updated, this flex space is perfectly suited for contractors, distributors, warehouse operations, office use, or a combination thereof. The warehouse component encompasses approximately 1,600 square feet, featuring 10-foot high ceilings, a convenient drive-in door, freshly painted floors, a practical utility sink, pre-installed storage racks, and a dedicated work area. The office space is equally impressive, boasting a formal conference room, a private executive office, a well-equipped kitchenette, and a full bathroom complete with a shower. Significant upgrades include a newly installed roof, a recently paved and striped fenced-in parking lot providing ample parking, and enhanced security features such as an alarm system and security cameras. Further enhancing its functionality is a backup generator and heavy power supply. This property also includes additional lots numbered 22, 26, 27, and 28, offering potential for expansion or future development. The property's prime location in desirable Somerset, NJ, ensures high visibility and easy access to major transportation routes. This is a turnkey operation ready for immediate occupancy.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Construction BRICK
Total area 3,375 SF
Lot 0.16 ac (7,155 SF)
Zoning code HBD
APN 08 00135- 01-00021
UPID US59-2816969
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
by Request
Owner & transaction history
Tex Mex Drywall INC · 6 yrs held
Tex Mex Drywall INC
since 2019
2 recorded transactions
2021
Price N/A
2019
$425,000
Zoning & alternative use
HBD · Somerset, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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