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    1101 Randolph Rd Somerset, NJ

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    For Lease
    Contact for pricing

    New construction retail space available in Somerset, New Jersey.

    Property size:
    1,400 SF
    Lot size:
    70.18 Acres

    Property Features for 1101 Randolph Rd

    General Information

    Size
    1,400 SF
    Lot size
    70.18 Acres

    Source: Jeffery Realty Agent Kyle Goworek

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

    Overview

    New Retail Space For Lease

    This new construction shopping center offers retail spaces for lease, ranging in size from 1,400 to 3,500 square feet. The gross leasable area (GLA) of the shopping center is 21,000 square feet. The property is located in Somerset, New Jersey.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Similar Places Nearby

    Summerfields Corner, Summerfields Corner

    Map

    City
    Somerset
    County
    State
    New Jersey
    Longitude
    -74.5228916
    Latitude
    40.4933734

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    FAQs

    What type of property is this?
    Shopping center - New construction retail space available in Somerset, New Jersey.
    Where is this shopping center located?
    The property is located at 1101 Randolph Rd Somerset, NJ.
    What are key features of this property?
    This property features: - New construction shopping center offers modern retail spaces.; - Available space ranges from 1,400 to 3,500 square feet.; - The shopping center has a gross leasable area (GLA) of 21,000 SF.
    (201) 978-1770
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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
    1101 Randolph Rd Somerset, NJ
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