Financial
Distress signals
Property profile

1 Riverview Dr Somerset, NJ 08873

FOR LEASE
Other industrial properties
Property ID
US59-1273998
4,175 SF 11.14 ac lot
Last sale Dec 2021 · $27,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

Constructed in 1985, this steel, two-story warehouse and office/flex facility comprises approximately 114,368 square feet on an 11.14-acre lot, with potential division into three units totaling about 40,503 sq. ft. (Unit A), 32,517 sq. ft. (Unit B), and 41,348 sq. ft. (Unit C). The exterior features decorative masonry, glass, and architectural metal panels, along with a curtain wall system; warehouse ceiling height is approximately 22 feet. Loading access includes four loading docks equipped

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$444k
Tax billed · 2022
Assessed value · 2023$21.80M
Assessed land$3.11M
Assessed improvement$18.69M
Effective rate2.04%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$765/SF
ZIP average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$156 – $1,680

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M1
JurisdictionSOMERSET

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.0
Auto Parts Store8.8
Plumbing Service8.7

Location

1 Riverview Dr Somerset, NJ 08873
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
371 Campus, Somerset, NJ 08873-1125 $8,500,000 Mar 2025 2,472 SF
645 Howard, Somerset, NJ 08873-1109 $11,500,000 Oct 2024 5,000 SF
100 Mettlers, Somerset, NJ 08873-7378 $1,600,000 Oct 2023 3,897 SF
500 Apgar, Somerset, NJ 08873-1156 $4,108,810 Dec 2022 6,100 SF
9 Shirley, Somerset, NJ 08873-3420 $1,125,000 Aug 2022 6,000 SF
390 Campus, Somerset, NJ 08873-1102 $17,100,000 Jan 2022 3,300 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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