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    1124 Rt202 Raritan, NJ 08869

    For Sale
    Contact for pricing

    First-floor office, all utilities included (except internet/phone).

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional office space, located at 1124 RT202 Unit 2 in Raritan, NJ, presents a fantastic opportunity for businesses seeking a convenient and well-appointed workspace. Situated on the ground floor for easy accessibility, this unit offers a generous waiting area, perfect for client interactions and creating a professional first impression. A small, functional kitchen is also included, adding convenience for staff and visitors. The space is ideal for a small business or professional practice needing a comfortable and efficient office environment. The property sits on a 0.02-acre lot, providing ample parking and easy access. A significant advantage is the inclusion of all utilities in the lease price, excluding internet and phone services, allowing for predictable and manageable operating costs. This makes budgeting straightforward and simplifies the administrative burden associated with running a business. The location in Raritan, NJ offers easy access to major transportation routes, ensuring convenient commuting for employees and clients alike. This is a rare opportunity to secure a well-maintained, functional office space in a desirable location at an attractive price of $315,000. Don't miss out on this chance to establish your business in a prime Raritan location.

    Property Features for 1124 Rt202

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    871 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Raritan
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.65633
    Latitude
    40.5755

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    FAQs

    What type of property is this?
    Office Property / Space - First-floor office, all utilities included (except internet/phone).
    Where is this office property / space located?
    The property is located at 1124 Rt202 Raritan, NJ.
    What is the asking price?
    The asking price for this property is $315.
    (732) 469-1515
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    1124 Rt202 Raritan, NJ 08869
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1124 Rt202 Raritan, NJ 08869
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