Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1345 Rt 202 Somerville, NJ 08853

    • Commercial real estate
    • 0.80 lot acres
    For Sale
    View listing
    $299,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1345 Rt 202

    Year built
    1935
    Lot size
    0.80 lot acres
    Property type
    Commercial real estate

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.7252
    Latitude
    40.5528

    Comparable in this City

    • Value Estimation
      $345,000
      1,750 SF

      820 Rt 202

      COMMERCIAL (GENERAL) • 1,750 SF
      820 Rt 202, Neshanic Station, NJ 08853
      View Details
    • Value Estimation
      $240,000
      1,616 SF

      606 Marshall St

      COMMERCIAL (GENERAL) • 1,616 SF
      606 Marshall St, Branchburg, NJ 08853-4081
      View Details
    • Value Estimation by Request
      76.17 Acres

      623 Case Rd

      COMMERCIAL (GENERAL) • 76.17 Acres
      623 Case Rd, Branchburg, NJ 08853-4171
      View Details
    • Value Estimation
      $360,000
      9.63 Acres

      1389 Rt 202

      COMMERCIAL (GENERAL) • 9.63 Acres
      1389 Rt 202, Neshanic Station, NJ 08853
      View Details
    • Value Estimation by Request
      662 SF

      900 Rt 202

      COMMERCIAL (GENERAL) • 662 SF
      900 Rt 202, Neshanic Station, NJ 08853
      View Details
    • Value Estimation
      $355,000
      1,248 SF

      1388 Rt 202

      COMMERCIAL (GENERAL) • 1,248 SF
      1388 Rt 202, Neshanic Station, NJ 08853
      View Details

    Similar Nearby for Sale

    • $299,000
      0.80 Acres

      1345 Rt 202, Somerville, NJ 08853

      Commercial real estate • 0.80 Acres
      1345 Rt 202, Somerville, NJ 08853
      View Details
    • $995,001
      6,000 SF

      Prime Branchburg Executive Office Building

      6,000 SF Office, Vacant, $995,001
      699 Rt 202, Branchburg, NJ 08853
      View Details
    • $299,000
      0.80 Acres

      Highway Location with Retail Potential

      0.80 acres of land with highway exposure, retail business options.
      1345 Rt 202, Neshanic Station, NJ 08853
      View Details
    • $3,300,000
      13,800 SF

      FDA Approved Manufacturing Facility

      Manufacturing facility with labs, updated offices, and ample parking.
      110 Woodfern Rd, Neshanic Station, NJ 08853
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1345 Rt 202
    Somerville, NJ 08853
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.