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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.
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Property summary

AI-generated overview

Riverview Technology Center is an office property located at 1 Riverview Dr in Franklin Center, New Jersey (08873). The building is configured for office use with office units and office spaces designed to support flexible suite sizing, with available areas ranging from 7,117 to 32,021 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Oct 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
Qualifying comparables8

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 8 qualifying comp sales 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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