Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1093 Raritan Rd Clark, NJ 07066-1336
    Back to Search
    Property profile & analytics

    1093 Raritan Rd, Clark, NJ 07066-1336

    View on Map
    • Commercial real estate
    • 3,510 SF
    • 0.44 lot acres
    Off-Market
    Last Sale Jul 3, 2025
    $2,000,000
    Property ID
    US59-1452153
    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.
    Value Estimations
    $1,780,000
    Show details
    Cap Rate Potential
    2.8%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • By the Book / (Bike/Boat/Book/etc) Store
    • Lukenda Dental / Dental Office
    • Dr. Richard Lukenda / Dental Office
    • Dr. Arthur Freedman / Dental Office
    • Dr. Michelle Chandnani / Dental Office

    Property Details for 1093 Raritan Rd

    Year built
    1978
    Construction
    CONCRETE BLOCKS
    Lot size
    0.44 lot acres
    Zone code
    CN
    Property type
    Commercial real estate
    APN
    02 00063-0000-00058
    APU
    200063000000058

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 3, 2025 $2,000,000 Evolve Realty LLC Raritan 1093 LLC Deed $1.7M · Bank Of America NA
    Oct 15, 2024 $1,650,000 Raritan 1093 LLC 1093 Raritan Realty LLC Deed $1.2M · M & T Bank
    Nov 16, 2017 — 1093 Raritan Realty LLC — Deed · related $250k · Magyar Bk
    Oct 18, 2017 — 1093 Raritan Realty LLC — Deed · related $1.1M · Magyar Bk
    Sep 6, 2016 $745,000 1093 Raritan Realty LLC 1093 Associates Grant Deed · related $1M · Magyar Bk
    Dec 8, 2000 — 1093 Associates 1093 Associates Quit Claim Deed · related —
    — — 1093 Associates Nj — Deed Of Trust · related $60k · Summit Bank
    — — 1093 Associates — Deed Of Trust · related $500k · Columbia Savings Bank
    — — 1093 Raritan Realty LLC — Deed Of Trust · related $250k · Magyar Bk
    — — 1093 Raritan Realty LLC — Loan Modification · related $1.1M · Magyar Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,650,000
      ML approach
      $1,650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,589,000
      Market price range: $867k - $1.59M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clark
    County
    Union
    State
    New Jersey
    Longitude
    -74.3139
    Latitude
    40.6283
    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
    2023
    $31,707
    $363,000
    $1,090,800
    $1,453,800
    -
    $363,000
    $1,090,800
    $1,453,800

    Comparable in this City

    • Value Estimation
      $705,000
      4.45 Acres

      360 Central Ave

      COMMERCIAL (GENERAL)
      360 Central Ave, Clark, NJ 07066-1122
      View Details
    • Value Estimation
      $530,000
      0.66 Acres

      232 Gibson Blvd

      COMMERCIAL (GENERAL)
      232 Gibson Blvd, Clark, NJ 07066
      View Details
    • Value Estimation
      $540,000
      1.29 Acres

      1100 Raritan Rd

      COMMERCIAL (GENERAL)
      1100 Raritan Rd, Clark, NJ 07066-1313
      View Details
    • Value Estimation by Request
      0.45 Acres

      1183 Raritan Rd

      COMMERCIAL (GENERAL)
      1183 Raritan Rd, Clark, NJ 07066-1308
      View Details
    • Value Estimation by Request
      0.66 Acres

      26 Westfield Ave

      COMMERCIAL (GENERAL)
      26 Westfield Ave, Clark, NJ 07066-3226
      View Details
    • Value Estimation
      $1,580,000
      7,726 SF

      1065 Raritan Rd

      COMMERCIAL (GENERAL)
      1065 Raritan Rd, Clark, NJ 07066-1316
      View Details

    Similar Nearby for Sale

    • $675,000
      Pending

      Clark Twp. Commercial Office Space

      Well-maintained office space in high-traffic location, ideal for professional services.
      30 Brant Ave, Clark, NJ 07066
      View Details
    • Contact for pricing
      Pending

      Raritan Road Commercial Property

      Two-story commercial building with flexible retail space in Clark, NJ.
      1162 Raritan Rd, Clark, NJ 07066
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,181 SF

      Clark Office Space For Rent

      Office space available for lease in Clark, New Jersey.
      67 Walnut Ave, Clark, NJ 07066
      View Details
    • New
      $1,750 /Mo
      1,050 SF

      Modern Corner Office Suite

      Modern open-plan office suite with private entrance, dedicated parking, kitchenette, and private bath for immediate occupancy.
      990 Raritan Rd, Clark, NJ 07066
      View Details
    • Contact for pricing

      Refrigerated Warehouse Sublease in Clark

      23,292 SF refrigerated warehouse sublease available through 2030.
      271 Central Ave, Clark, NJ 07066
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space for rent in Clark Twp., NJ.
      727 Raritan Rd, Clark, NJ 07066
      View Details
    • Contact for pricing
      4,844 SF

      Clark Office Space For Rent

      Office space available for lease in Clark, New Jersey.
      77 Brant Ave, Clark, NJ 07066
      View Details
    • Contact for pricing
      40,880 SF

      Industrial Flex Space in Clark

      40,880 SF flex/industrial space available for lease.
      133 Terminal Ave, Clark, NJ 07066
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1093 Raritan Rd
    Clark, NJ 07066-1336
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1093 Raritan Rd, Clark, NJ, 07066
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!