10 Cedar Grv Ln Somerset, NJ 08873-1341
Property Lookup
Property profile & analytics
10 Cedar Grv Ln Somerset, NJ 08873-1341
- Commercial real estate
- 2,888 SF
- 1.22 lot acres
Property ID
US59-3004882
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 10 Cedar Grv Ln
- Construction
- FRAME
- Lot size
- 1.22 lot acres
- Property size
- 2,888 SF
- Zone code
- GB
- Property type
- Commercial real estate
- APN
- 08 00424- 02-00023- 03
- APU
- 800424020002303
Description
This exceptional single-tenant retail property, located at 10 Cedar Grove Lane in Franklin Township, Somerset County, New Jersey, presents a compelling investment opportunity. The 2,888 square foot building sits on a generous 1.2-acre lot, providing ample space and potential for expansion or redevelopment. The property boasts excellent visibility and accessibility due to its 130-foot frontage on Cedar Grove Lane, a key thoroughfare in a thriving commercial area. The building is a single-story structure with eight parking spaces, catering to both customers and employees. The zoning is designated as GB, offering flexibility for various commercial uses. The property's address is 10 Cedar Grove Lane, Franklin Township, NJ 08873, with a cross street of Easton Avenue. The property's parcel number (APN) is 08-00424-02-00023-03. This Class C property is ideal for a variety of retail businesses or redevelopment projects seeking a prominent location in a high-traffic area. The property's single-tenant occupancy offers immediate income potential or the opportunity to lease to a suitable tenant. The ample lot size provides significant expansion possibilities. This is a rare opportunity to acquire a well-located retail property in a desirable Somerset County location. The property is conveniently located near major transportation routes, ensuring easy access for customers and employees.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $810,000
- 6.5%
- $745,000
- 7%
- $695,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $629,000
Market price range: $165k - $630k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Somerset
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5079
- Latitude
- 40.5345
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$19,952
$878,000
$101,000
$979,000
-
$878,000
$101,000
$979,000
