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    7 Veronica Ave Somerset, NJ

    For Lease
    Contact for pricing

    Phase 1 completed cannabis cultivation facility available for rent.

    Property size:
    18,421 SF
    Lot size:
    1.18 Acres

    Property Features for 7 Veronica Ave

    General Information

    Size
    18,421 SF
    Lot size
    1.18 Acres

    Source: Lee & Associates | Elmwood Park Agent Rick Marchisio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cannabis Cultivation Facility For Rent

    This property is a completed Phase 1 cannabis cultivation facility. The property size is 18,421 square feet. All equipment to finish the cannabis build-out is available for purchase. Other uses for the property will be considered.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Somerset
    County
    State
    New Jersey
    Longitude
    -74.5228916
    Latitude
    40.4933734

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    FAQs

    What type of property is this?
    Manufacturing property - Phase 1 completed cannabis cultivation facility available for rent.
    Where is this manufacturing property located?
    The property is located at 7 Veronica Ave Somerset, NJ.
    What are key features of this property?
    This property features: - Completed Phase 1 cannabis cultivation facility.; - All equipment to finish cannabis build out available for purchase.; - Other uses considered.
    (908) 930-7306
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    7 Veronica Ave Somerset, NJ
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    Somerset, NJ
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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
    7 Veronica Ave Somerset, NJ
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