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Property profile & analytics
OFF-MARKET Estimated value $830,000
Commercial real estate

916 Somerset St Watchung, NJ 07069-6341

6,050 SF 1.79 ac lot Built 1979
Entity Owned Free & Clear
Property ID
US59-1411981
Property summary
AI-generated overview

This exceptional 1,500 square foot office space is situated on the second floor of a two-story, 6,000 square foot building located at 916 Somerset Street in Watchung, New Jersey, 07069. The property boasts a modified gross lease (tenant responsible for electricity and heat) and is part of a single-tenant occupancy building. The suite features a shared bathroom and is situated on a 7,958 square foot lot, providing ample parking for employees and visitors. This prime location offers excellent visibility from a prominent road and is highly accessible, being just five minutes from I-78 exit 40 and two minutes from US 22. Commuting is further simplified by its proximity to Newark Liberty Airport (approximately 30 minutes) and lower Manhattan (approximately 45 minutes). The property is zoned commercial and offers a strategic location for businesses seeking high visibility and convenient access. The building is classified as Executive Office, Creative Office, and Traditional Office space, making it suitable for a variety of business needs. This is a fantastic opportunity to establish a presence in a thriving and easily accessible area. The property's APN is 21-04409-0000-00002.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1979
Construction FRAME
Total area 6,050 SF
Lot 1.79 ac (77,972 SF)
Zoning code B-A
APN 21 04409-0000-00002
UPID US59-1411981
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
$911k
Blend (final) Blend
$830k
Owner & transaction history
Crestview Construction LLC
Crestview Construction LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
B-A · Watchung, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Christmas Tree Sales. The annual sale of Christmas trees is permitted in the B-A Neighborhood Commercial, the B-C Highway Commercial and the H-D Highway Development Zoning Districts between the last Saturday in November and December 25, inclusive, provided that all trees shall be removed and the premises cleared no later than January 1. O. Poultry and Livest…

Zone name Neighborhood Commercial
General category COMMERCIAL
Zone area 19.89 ac
Top alternative use upside
Office building $1.3M +1.0%
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