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    Property profile & analytics

    372 Rte Readington, NJ 08889

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 372 Rte

    Property type
    Commercial real estate

    Description

    This unique commercial property, located at 372 Route 22 in Readington, New Jersey, presents a compelling investment opportunity. Priced at $1,650,000, the property offers significant potential for a variety of commercial uses. While the square footage is not currently specified, the property's strategic location on Route 22 ensures high visibility and accessibility, making it ideal for businesses seeking strong foot traffic and convenient access for customers. The property sits on a zero-acre lot, suggesting a compact and potentially easily managed site. The property type is classified as "Other," indicating a versatile space adaptable to a range of commercial ventures. Further due diligence is recommended to determine the precise zoning regulations and permitted uses for this location. Given its prime location and asking price, this property represents a rare chance to acquire a commercial asset in a thriving New Jersey market. Interested parties are encouraged to conduct thorough inspections and research to fully assess the property's potential and suitability for their specific business needs. The absence of specified square footage necessitates a site visit to accurately determine the usable space. This property is being offered as-is.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Readington
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6219
    Latitude
    40.5822

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      0.33 Acres

      28 Old Hwy

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      384 Rt 22

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    • Value Estimation by Request

      384 Rt 22

      COMMERCIAL (GENERAL)
      384 Rt 22, Whitehouse Station, NJ 08889
      View Details

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    372 Rte
    Readington, NJ 08889
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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
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