40 Somerset St Raritan, NJ 08869-2109
Property profile & analytics
40 Somerset St, Raritan, NJ 08869-2109
- Commercial real estate
- 1,704 SF
- 0.23 lot acres
Property ID
US59-2064157
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
- Raritan Auto Services / Auto Parts Store
- Delta / Gas Station
- Garden State Auto Service Raritan, NJ / Auto Repair Shop
Property Details for 40 Somerset St
- Year built
- 1975
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.23 lot acres
- Property type
- Commercial real estate
- APN
- 16 00109-0000-00001
- APU
- 1600109000000001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 26, 2022 | — | 40 Somerset Street LLC | — | Deed · related | $500k · Amarjeet S Brar |
| Dec 10, 2020 | $650,000 | 40 Somerset Street LLC | Deborah Hill LLC | Grant Deed | — |
| Sep 20, 2019 | — | Deborah Hill LLC | Hill,deborah A | Quit Claim Deed · related | $176k · Deangelo Michael (es) |
| Sep 20, 2019 | $150,000 | Deborah A Hill | Deangelo Michael L | Grant Deed | — |
| Jul 24, 2015 | — | Deborah A Hill | Hill Deborah A | Quit Claim Deed | — |
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $475,000
- 6.5%
- $440,000
- 7%
- $410,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $658,000
Market price range: $274k - $658k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $435,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Raritan
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.6305
- Latitude
- 40.5684
- 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
$10,514
$166,500
$213,600
$380,100
-
$166,500
$213,600
$380,100
