Entity Owned 
For Sale
1 / 4
$2,955,000
1075 Easton Ave,Unit 2-1, Somerset, NJ 08873
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Property summary
AI-generated overview
This exceptional 2,200 square foot retail space is situated within the bustling Village Plaza, located at 1075 Easton Avenue in Franklin Township, New Jersey, 08873. The property is part of a larger 326,221 square foot retail center situated on 7.49 acres of land, zoned GB. Its strategic location on Easton Avenue, a major commuter route providing easy access to Interstate 287 Exit 10, ensures high visibility and significant foot traffic. The space itself is a former dental office, making it readily adaptable for a variety of medical uses, including but not limited to dental, medical, hearing centers, urgent care, pharmacy, physical therapy, or even retail uses such as a candy shop or card store. The plaza boasts multiple points of ingress and egress, enhancing convenience for both tenants and customers. Village Plaza offers a diverse range of retail services, creating a one-stop shop environment that attracts a substantial customer base. This presents a unique opportunity for a business seeking a high-traffic location within an established and thriving retail center in Somerset County. The property offers single-tenant occupancy.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1972
Construction
BRICK
Total area
11,922 SF
Lot
7.49 ac (326,221 SF)
Zoning code
GB
APN
08 00259-0000-00077- 01
UPID
US59-1077190
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
-
Courier Service Postal Service
-
Dental Office
-
Restaurant
-
Restaurant
-
Alternative Medicine Practice
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.08M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.96M
Owner & transaction history
since 2025
5 recorded transactions
Zoning & alternative use
GB · Somerset, NJ
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 20 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.96M
Value range
$2.66M – $3.25M
±10% around blend
Estimated value / SF
$248 / SF
Confidence
High
20 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$2.66M
blend $2.96M
$3.25M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,922 SF
Lot area
7.49 ac
Year built
1972
Stories
2
APN
08 00259-0000-00077- 01
Zoning
GB
Assessed value
$14,700,000
Annual tax
$289,396
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.08M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.34M
@ 6.5% CAP return
$3.08M
@ 7% CAP return
$2.86M
4
Sales comparison
Partial preview
Sales approach indication
$2.67M
Weighted, 20 comps · high confidence
Evidence
20 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.7 mi away · 9,072 SF
4.1 mi away · 11,452 SF
8.4 mi away · 10,494 SF
11.3 mi away · 8,580 SF
11.5 mi away · 12,450 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.96M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 57 sales
$291
-15%
Submarket 55 sales
$302
-18%
County 255 sales
$256
-3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $248/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 20 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$14.70M
Move the market yield to see immediate price impact.
Value / SF
$1,233
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$926k
$18.52M
$13.23M
$10.29M
$1.03M
$20.58M
$14.70M
$11.43M
$1.13M
$22.64M
$16.17M
$12.58M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
20 found
High confidence · county-verified
Closest comparable
$2.90M
2.7 mi · Jan 2026 · $254/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$289,396
Tax year 2022
Assessed value
$14,700,000
Assessed 2023
Previous assessed
$14,200,000
+3.5% YoY
Effective rate
1.97%
On assessed value
Assessed land
$4,000,000
Assessed improvement
$10,700,000
Land market value
$4,000,000
Improvement market value
$10,700,000
Total market value
$14,700,000
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1972
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
11,922 SF
Lot
7.49 ac (326,221 SF)
Zoning code
GB
APN
08 00259-0000-00077- 01
UPID
US59-1077190
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
GB · Somerset, NJZoning GB · permitted uses
GB · Somerset, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
7.49 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GB
Jurisdiction
Somerset, NJ
Recorded code
GB
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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