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    46 E Somerset St, Unit Raritan Raritan, NJ 08869

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    For Sale
    $975,000

    Office building with lease in place until January 31, 2030.

    Property size:
    2,428 SF
    Lot size:
    0.19 Acres

    Property Features for 46 E Somerset St

    General Information

    Standard status
    Active
    Size
    2,428 SF
    Lot size
    0.19 Acres

    Building Details

    Year built
    1910

    Source: C21/ ACTION PLUS REALTY Agent ROBERT SKINNER

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

    Overview

    Downtown Raritan Office Building For Sale

    Located in downtown Raritan, this office building offers an opportunity for renovation while collecting rent from an existing lease. The current lease, in place until January 31, 2030, provides a cap rate of 6.01%. The building has a size of 2428 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rubio Dental Clinic Dentist Ronald Francesco, DPM Podiatrist Raritan Foot & Ankle ... Podiatrist Ali El-Saheli Podiatrist Tony DiStefano Podiatrist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raritan
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6298074
    Latitude
    40.5687433

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    FAQs

    What type of property is this?
    Office building - Office building with lease in place until January 31, 2030.
    Where is this office building located?
    The property is located at 46 E Somerset St, Unit Raritan Raritan, NJ.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - Existing lease in place until January 31, 2030, providing immediate rental income.; - **6.01% cap rate offers a strong return on investment.**; - Opportunity to renovate the building while collecting rent.
    (800) 299-2129
    Request Owner's contact information
    46 E Somerset St, Unit Raritan 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
    46 E Somerset St, Unit Raritan Raritan, NJ 08869
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