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Property profile

46 Somerset St Raritan, NJ 08869

OFF-MARKET
Other commercial real estate
Property ID
US59-3061958
2,428 SF 0.19 ac lot Built 1910
Last sale Jul 2022 · $580,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This building is located in the downtown Raritan Borough neighborhood and is configured as a multi-room office/medical-style facility. It includes 5 exam rooms, two bathrooms, and a kitchen/break room, along with office and storage space. The property has a basement and an attic, and original hardwood floors are located upstairs. Parking is available on-site for 10 vehicles, including one handicapped-accessible space.

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?
$9k
Tax billed · 2022
Assessed value · 2023$322k
Assessed land$164k
Assessed improvement$158k
Effective rate2.77%

Value estimate

· Oct 2026
$690k
$621k – $759k
AI approach$705k
CAP approach$630k
Submarket $/SF estimate$609k

Realmo valuation models over county records and 6 qualifying comparable sales.

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
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility8.9
Garden Center8.4
Computer & Electronic Repair8.4

Location

46 Somerset St Raritan, NJ 08869-2138
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales 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
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
40 Somerset, Raritan, NJ 08869-2109 $650,000 Dec 2020 1,704 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

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