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    Property profile & analytics
    OFF-MARKET Estimated value $500,000
    Office buildings

    92 Main St, Somerville, NJ 08876-2319

    1.02 ac lot
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US59-1824792
    Property summary
    AI-generated overview

    This exceptional Class A office property at 92 E Main St, Somerville, NJ, offers two available executive office suites totaling 1,609 to 2,600 square feet. Located in the heart of downtown Somerville, this prestigious building boasts a total of 3,786 square feet and provides convenient access to the Somerset County Courthouse and administrative complex, just across the street. The building also features a state-of-the-art 3,000 square foot fitness center, a welcoming reception area, and a large conference room, perfect for meetings and presentations. Each suite includes private offices, a kitchenette, and a bullpen area, offering flexible workspace configurations to suit various business needs. The building provides 704 parking spaces in a convenient garage, ensuring ample parking for tenants and visitors. Furthermore, the property's location offers easy access to the NJ Transit station, providing a direct commute to New York City, just two blocks away. The rental rate is $22 per square foot, plus an additional $2 per square foot for tenant electricity. This is a rare opportunity to secure high-quality office space in a vibrant and accessible location. The available spaces are ideal for businesses seeking a professional and well-equipped environment in the thriving downtown Somerville area. Don't miss this chance to establish your business in this premier location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Lot 1.02 ac (44,518 SF)
    Zoning code B-2
    APN 18 00063-0000-00027- 01
    UPID US59-1824792
    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
    $500k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $500k
    Owner & transaction history
    Desapio Properties Ten LLC · 8 yrs held
    Desapio Properties Ten LLC
    since 2017
    2 recorded transactions
    2017
    1969
    Zoning & alternative use
    B-2 · Somerville, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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