72 W End Ave Somerville, NJ 08876
For Lease
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This exceptional 7,040 square foot free-standing medical/office building in Somerville, New Jersey, presents a compelling investment opportunity. Located at 72 West End Avenue, 08876, the property boasts a meticulously maintained brick exterior and is situated on professionally landscaped grounds. The building features a newly paved 37-car private parking lot, ensuring ample parking for tenants and visitors. Recent upgrades include a new roof and HVAC system, contributing to the building's excellent condition. Currently, the building is fully leased to two tenants: a medical office affiliated with RWJ occupying 4,910 square feet, and a law firm leasing the remaining 2,130 square feet on the second floor. The property generates a net operating income (NOI) of $92,555. This turnkey investment offers a strong return and the benefit of long-term, stable tenants in a desirable location within Somerset County. The building's dual-use functionality as both medical and traditional office space enhances its versatility and appeal to a broad range of potential tenants. The property's excellent condition, coupled with its strong financial performance, makes it an attractive opportunity for discerning investors seeking a stable and profitable addition to their portfolio. The location in Somerville, NJ offers easy access to major transportation routes and amenities.
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
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.