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Property profile & analytics

37 1st Ave Raritan, NJ 08869-1748

  • Commercial real estate
  • 3,526 SF
  • 0.10 lot acres
OFF-MARKET
Value Estimation
$620,000
Last Sale
Mar 01, 2024
$600,000
Location Intelligence
Property ID
US59-0257146
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.

Current Use by Public Records

  • Commercial real estate

Property Details for 37 1st Ave

Year built
1920
Construction
BRICK
Lot size
0.10 lot acres
Property size
3,526 SF
Property type
Commercial real estate
APN
16 00080-0000-00012
APU
1600080000000012

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $600,000
  • CAP approach

    CAP return
    Estimation
    6%
    $710,000
    6.5%
    $640,000
    7%
    $745,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $625,000
    Geo Method
    $660,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $630,000
    Retail
    $670,000
    Mixed-Use
    $770,000
    Hospitality
    $800,000
    Educational
    $690,000
    Residential Income
    $600,000
    Energy
    $660,000
    Income-Based Land
    $750,000
    Food Service
    $585,000

Location Insight

  • Map
  • Local Demand
City
Raritan
County
Somerset
State
New Jersey
Longitude
-74.6383
Latitude
40.5686
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
2022
$10,152
$150,800
$216,200
$367,000
-
$150,800
$216,200
$367,000
More about this property
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