1101 Randolph Rd Somerset, NJ 08873
Property Lookup
Property profile & analytics
1101 Randolph Rd Somerset, NJ 08873
- Commercial real estate
- 31,536 SF
- 8.48 lot acres
Property ID
US59-2446925
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 1101 Randolph Rd
- Lot size
- 8.48 lot acres
- Property size
- 31,536 SF
- Zone code
- PAC
- Property type
- Commercial real estate
- APN
- 08 00516- 09-00055
- APU
- 8005160900055
Description
The Shops at Summerfields, located at 1101 Randolph Rd in Somerset, NJ (zip code 08873), presents a compelling retail investment opportunity in Franklin Township, Somerset County. This established shopping center offers a total of 21,000 square feet of retail and restaurant space, currently featuring multiple tenants. There are 3,500 square feet of immediately available space, divisible into units ranging from a minimum of 1,400 square feet to a maximum contiguous space of 2,100 square feet. This makes it ideal for a variety of businesses seeking flexible space options. The property boasts ample parking with 166 spaces available for customers and employees, ensuring convenient access for patrons. The center's strategic location in Franklin Township, New Jersey provides excellent visibility and accessibility, making it an attractive destination for shoppers. This is a chance to establish or expand your business in a thriving retail environment with a strong existing tenant base. The property is conveniently located at 40.5304102, -74.5567181. Serious inquiries are encouraged.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $4,339,000
Market price range: $1.80M - $6.88M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $9,180,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Somerset
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5565
- Latitude
- 40.5361
- 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
$133,239
$2,000,000
$4,500,000
$6,500,000
-
$2,000,000
$4,500,000
$6,500,000
