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    575 Nj-28 Raritan, NJ 08869

    For Lease
    $18 SF/Yr

    Prime Somerset County office space. Multiple suites available.

    Lot size:
    82,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional three-building office complex, totaling 82,000 square feet, presents a unique investment opportunity in Raritan, New Jersey. The property, situated on a 3.85-acre lot at 575 NJ-28, offers a variety of spaces ranging from 541 to 2,348 square feet, ideal for medical, dental, or traditional office uses. Buildings 1 and 2 have undergone complete renovations in 2017, while Building 3 is a brand-new construction. The complex boasts a Class B rating and features ample parking with 305 spaces, passenger elevators, and convenient access to major roadways including Routes 22, 28, 31, 202, and 206, as well as Interstates 78 and 287. Its strategic location in Raritan ensures easy access for clients throughout Somerset County and beyond. The property is a multi-tenant building with a total of two stories. This is an excellent opportunity to secure office space in a well-maintained, modern complex with excellent visibility and accessibility. Available spaces cater to a range of business needs, offering flexibility and customization options. Contact us today to learn more about the available suites and lease terms.

    Property Features for 575 Nj-28

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    82,000 SF
    Class
    B
    Total Rate
    126416.67

    Building Details

    Year Renovated
    2017
    Buildings
    3
    Stories
    2

    Unit(s) available at that property

    Space
    Building 1: Suite 105
    Size
    1,466 SF
    Rate per SF
    $18
    Space
    Building 1: Suite 208
    Size
    2,348 SF
    Rate per SF
    $18
    Space
    Building 1: Suite 200
    Size
    541 SF
    Rate per SF
    $18
    Space
    Building 2: Suite 2201
    Size
    2,145 SF
    Rate per SF
    $19

    HighLights

    • Custom‑designed, built‑to‑suit office space.
    • Private bathrooms and kitchenettes are optional.
    • High‑speed internet access via Cablevision, Optimum, and Verizon Fios.
    • Convenient location near hotels, restaurants, banks, and entertainment.
    • Excellent access to Routes 22, 28, 31, 202, 206, I‑78, and I‑287.
    • 305 on‑site parking spaces, including handicap‑accessible spots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Raritan
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.63372659
    Latitude
    40.57705492

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    FAQs

    What type of property is this?
    Medical office - Prime Somerset County office space. Multiple suites available.
    Where is this medical office located?
    The property is located at 575 Nj-28 Raritan, NJ.
    What is the lease rate?
    The lease rate is $18-$19 SF/Yr.
    What are key features of this property?
    This property features: Custom-designed, built-to-suit office space.; Private bathrooms and kitchenettes are optional.; High-speed internet access via Cablevision, Optimum, and Verizon Fios.
    Request Owner's contact information
    575 Nj-28 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
    575 Nj-28 Raritan, NJ 08869
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