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Property profile & analytics
OFF-MARKET Estimated value $1,300,000
Banks

204 Raritan Vly College Dr Somerville, NJ 08876-3333

2,444 SF 1.24 ac lot Built 1975
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-1185343
Property summary
AI-generated overview

This exceptional retail opportunity presents a 2,423-square-foot former bank building situated on a generous 1.24-acre lot in Branchburg, New Jersey. Located at 204 Raritan Valley College Drive, this single-tenant property offers significant potential for a variety of retail uses. The entire building is currently vacant, providing immediate occupancy for a new tenant. The property's ample size and prominent location within Somerset County make it an ideal space for businesses seeking high visibility and accessibility. The address, 204 Raritan Valley College Drive, offers convenient access to major roadways and a substantial customer base. The building's previous use as a bank suggests a strong foundation and potentially desirable features such as secure vaults or robust security systems. This is a rare chance to acquire a substantial retail space in a desirable location with immediate availability. The 2,423 square feet provide ample room for customization and adaptation to suit a wide range of retail concepts. The 1.24-acre lot offers significant potential for future expansion or outdoor amenities, depending on zoning regulations and permitted uses. This property is available for lease and presents a compelling investment opportunity for businesses seeking a high-impact location in a thriving community. The zip code is 08876.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1975
Total area 2,444 SF
Lot 1.24 ac (53,884 SF)
Zoning code RS-1
APN 05 00006-0000-00016
UPID US59-1185343
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
$1.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.30M
Owner & transaction history
Rvcd LLC · 1 yrs held
Rvcd LLC
since 2024
Last sale
$1.3M
2 recorded transactions
2024
$1.3M
2008
$1.2M
Zoning & alternative use
RS-1 · Somerville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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