Technical
Financial
Distress signals
Property profile

3 Shirley Ave Somerset, NJ 08873

OFF-MARKET
Industrial properties
Property ID
US59-2791542
8,880 SF 1.49 ac lot Built 1964
Entity Owned 17-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1964
Construction BRICK
Total area 8,880 SF
Lot 1.49 ac (64,904 SF)
Zoning code M2
APN 08 00091-0000-00006- 01
UPID US59-2791542

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
  • General Contractor Construction Company

Location

3 Shirley Ave Somerset, NJ 08873-3420
Somerset metro Census 53300 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.54M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.11M

Owner & transaction history

since 2008
4 recorded transactions
2021
Price N/A
2008
$835,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M2 · Somerset, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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