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Property profile & analytics
OFF-MARKET
Commercial real estate
119 Us Hwy 202 Raritan, NJ 08869-1351
Entity Owned
7-yr Hold
Free & Clear
Property ID
US59-2531504
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.61 ac (70,349 SF)
Zoning code
B-3
APN
16 00029-0000-00002
UPID
US59-2531504
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
11qc Raritan LLC · 7 yrs held
11qc Raritan LLC
since 2019
7 recorded transactions
Zoning & alternative use
B-3 · Raritan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rict. § 207-112 PACD Planned Adult Community Overlay District. § 207-113 PDRD Planned Downtown Residential Development District. § 207-114 B-1 Central Business District. § 207-115 B-2 Shopping Center District. § 207-116 B-3 Highway Business District. § 207-117 B-4 Neighborhood Business District. § 207-118 B-5 Transit Center Business District. § 207-119 P-1 O…
Zone name
Highway Business District
General category
COMMERCIAL
Zone area
44.73 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Raritan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raritan submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$130,002
Tax year 2022
Assessed value
$4,700,000
Assessed 2023
Previous assessed
$4,700,000
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$2,200,000
Assessed improvement
$2,500,000
Land market value
$2,200,000
Improvement market value
$2,500,000
Total market value
$4,700,000
Applied tax rate
16.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Units
1
Lot
1.61 ac (70,349 SF)
Zoning code
B-3
APN
16 00029-0000-00002
UPID
US59-2531504
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Raritan, NJZoning B-3 · permitted uses
B-3 · Raritan, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rict. § 207-112 PACD Planned Adult Community Overlay District. § 207-113 PDRD Planned Downtown Residential Development District. § 207-114 B-1 Central Business District. § 207-115 B-2 Shopping Center District. § 207-116 B-3 Highway Business District. § 207-117 B-4 Neighborhood Business District. § 207-118 B-5 Transit Center Business District. § 207-119 P-1 Office Building District. § 207-120 P-2 Office Building District. § 207-121 OMR Offi
Zone name
Highway Business District
General category
COMMERCIAL
Zone area
44.73 ac
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
11qc Raritan LLC
Entity
Free & Clear · 7 yrs held
Mailing address
250 MIRON DR, SOUTHLAKE, TX 76092-7852
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2019
—
Er & Udc Raritan LLC
—
Deed
related
$3,923,000 · Sdp Reit LLC
Mar 6, 2019
$8,800,000
11qc Raritan LLC
Er/udc Raritan LLC
Grant Deed
—
Mar 6, 2019
—
11qc Raritan LLC
—
Deed
related
$4,500,000 · Td Bk NA
Nov 14, 2018
—
Er & Udc Raritan LLC
Er/udc Raritan LLC
Quit Claim Deed
related
—
Aug 14, 2017
$5,300,000
Er & Udc Raritan LLC
Aaj Ent LLC
Grant Deed
$6,984,662 · Sundance Debt Partners LLC
Sep 21, 2005
—
Gateway Motor Lodge
Ramesh Patel
Grant Deed
related
—
—
—
11qc Raritan LLC
—
Deed Of Trust
related
$4,500,000 · Td Bk NA
—
—
Er & Udc Raritan LLC
—
Deed Of Trust
related
$3,923,000 · Sdp Reit LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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