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Property profile

401 Us Highway 202 Raritan, NJ 08869

FOR LEASE
Other commercial real estate
Property ID
US59-0816315
25 SF 0.37 ac lot Built 1950
Last sale Oct 2017 · $940,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 12,000-square-foot commercial building located near Somerville Circle in a B-3 zoning district. The property includes six overhead doors, a tailboard, and a combined 2,000-square-foot showroom/office area, along with additional storage areas. A high-capacity exterior elevator/lift provides access to upper or enclosed areas. The building has heavy electrical power and provides building signage. Its permitted uses in the B-3 district include auto-related businesses, garages, equipment sales or…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$20k
Tax billed · 2022
Assessed value · 2023$711k
Assessed land$340k
Assessed improvement$371k
Effective rate2.77%

Value estimate

· Oct 2026
$375k
$338k – $413k
NOI build-up
Gross scheduled income$204k
Vacancy & credit loss−$12k
Operating expenses−$58k
NOI · 748.28% cap applied$135k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$256/SF
County average, outlier-cleaned · 255 recorded sales of this use type
Observed band · Q1–Q3$161 – $386

Cap rate analysis

How does the asset earn?
748.28%
$135k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSOMERSET

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.9
Computer & Electronic Repair10.3
Tailor Shop10.1

Location

401 Us Highway 202 Raritan, NJ 08869
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16 Thompson, Raritan, NJ 08869-2022 $215,000 Dec 2024 3,200 SF
11 5th, Raritan, NJ 08869 $575,000 Dec 2023 2,660 SF
46 Somerset, Raritan, NJ 08869-2138 $580,000 Jul 2022 2,428 SF
80 Somerset, Raritan, NJ 08869-2113 $530,000 Mar 2022 2,658 SF
Railroad, Raritan, NJ 08869 $1,750,000 Oct 2021 3,192 SF
53 Somerset, Raritan, NJ 08869-2026 $300,000 Aug 2021 2,420 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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