Property profile

1 Heller Park Ln Somerset, NJ 08873

OFF-MARKET
Industrial properties
Property ID
US59-0812633
605 SF 26.79 ac lot
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Total area 605 SF
Lot 26.79 ac (1,166,972 SF)
Zoning code M1
APN 08 00514-0000-00008- 03
UPID US59-0812633

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage

Location

1 Heller Park Ln Somerset, NJ 08873-1255
Somerset metro Census 53501 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2014
4 recorded transactions
2014
$13.5M
2012
$11,100
2009
$13.9M
1969
Price N/A

Zoning & alternative use

M1 · Somerset, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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