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    46 E Somerset St, Unit Raritan Raritan, NJ 08869

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    For Sale
    $975,000

    Fully leased building in Raritan Borough with renovation potential.

    Property size:
    2,428 SF

    Property Features for 46 E Somerset St

    General Information

    Standard status
    Active
    Size
    2,428 SF

    Building Details

    Year built
    1910

    Source: ACTION PLUS REALTY C-21 Agent ROBERT SKINNER

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

    Overview

    Raritan Borough Leased Building

    Located in the downtown Raritan Borough neighborhood, this building is fully leased with a paying tenant. The property features 5 exam rooms, 10 parking spaces including one handicapped space, a kitchen/break room, 2 bathrooms, a basement, and an attic. The upstairs area retains original hardwood floors. The building offers a variety of offices and storage spaces. The property size is 2428 square feet and has a 6.01% Cap Rate. Renovations can be made while collecting rent.
    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.

    Similar Places Nearby

    AnimERge, Nancy Gruber, Animerge: Newton Dean DVM, Barbara Guy, Peggy Hauck

    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?
    Medical office - Fully leased building in Raritan Borough with renovation potential.
    Where is this medical office 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: - Fully leased building provides immediate rental income during renovations.; - Attractive 6.01% Cap Rate.; - Located in the desirable downtown Raritan Borough neighborhood.
    (800) 299-2129
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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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