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Property profile & analytics
FOR SALE
Commercial real estate
46 E Somerset St E Raritan, NJ 08869
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-3061958
For Sale
1 / 21
$975,000
46 E Somerset St E, Raritan, NJ 08869
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1910
Construction
FRAME
Total area
2,428 SF
Lot
0.19 ac (8,100 SF)
APN
16 00110-0000-00003
UPID
US59-3061958
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
Current use
Occupant on record · Public records
-
Rubio Dental Clinic Dental Office
-
Ronald Francesco, DPM Physician
-
Raritan Foot & Ankle Care Medical Clinic
-
Ali El-Saheli Physician
-
Tony DiStefano Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$609k
Blend (final)
Blend
$600k
Owner & transaction history
46 E Somerset St LLC · 4 yrs held
46 E Somerset St LLC
since 2022
Last sale
$580,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Raritan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raritan submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$690,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$620,000
Current use
OFFICE BUILDING
$500,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $580k (Jul 7 2022)
Last sale anchor
$580k
Jul 7 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$247 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$8,915
Tax year 2022
Assessed value
$322,300
Assessed 2023
Previous assessed
$322,300
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$164,300
Assessed improvement
$158,000
Land market value
$164,300
Improvement market value
$158,000
Total market value
$322,300
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1910
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
2,428 SF
Lot
0.19 ac (8,100 SF)
APN
16 00110-0000-00003
UPID
US59-3061958
Jurisdiction
SOMERSET
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$620,000
OFFICE BUILDING
Est. value
$500,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
46 E Somerset St LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11 SUPRA CT, PRINCETON, NJ 08540-6525
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
$580,000
46 E Somerset St LLC
R & L Naples 107 LLC
Deed
—
Oct 7, 2021
$539,500
Somerset4648 LLC
Elsa Rubio
Deed
$350,000 · Td Bank NA
Apr 30, 2018
$300,000
R & L Naples 107 LLC
Tripod LLC
Grant Deed
—
Jun 20, 2006
$525,000
Tripod LLC
Masi,douglas
Grant Deed
$400,000 · Douglas M & Stephanie Masi
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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