Entity Owned Property summary
This exceptional 1,500 square foot office space is situated on the second floor of a two-story, 6,000 square foot building located at 916 Somerset Street in Watchung, New Jersey, 07069. The property boasts a modified gross lease (tenant responsible for electricity and heat) and is part of a single-tenant occupancy building. The suite features a shared bathroom and is situated on a 7,958 square foot lot, providing ample parking for employees and visitors. This prime location offers excellent… visibility from a prominent road and is highly accessible, being just five minutes from I-78 exit 40 and two minutes from US 22. Commuting is further simplified by its proximity to Newark Liberty Airport (approximately 30 minutes) and lower Manhattan (approximately 45 minutes). The property is zoned commercial and offers a strategic location for businesses seeking high visibility and convenient access. The building is classified as Executive Office, Creative Office, and Traditional Office space, making it suitable for a variety of business needs. This is a fantastic opportunity to establish a presence in a thriving and easily accessible area. The property's APN is 21-04409-0000-00002.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 8 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 6,050 SF
- Lot area
- 1.79 ac
- Year built
- 1979
- Stories
- 2
- APN
- 21 04409-0000-00002
- Zoning
- B-A
- Assessed value · 2024
- $828,000
- Annual tax · 2023
- $15,940
- Commercial (general) · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
Christmas Tree Sales. The annual sale of Christmas trees is permitted in the B-A Neighborhood Commercial, the B-C Highway Commercial and the H-D Highway Development Zoning Districts between the last Saturday in November…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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