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    FOR LEASE
    Office buildings

    47 Raritan Ave, Highland Park, NJ 08904

    8,488 SF 0.39 ac lot Built 1999
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US59-2126751
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 47 Raritan Avenue, presents a unique opportunity for a single tenant seeking a highly efficient and conveniently located executive office space. The property is classified as both retail and office, offering versatility for a variety of business needs. The total square footage of the building is one square foot, making it ideal for a small, focused operation or a satellite office. The space is currently vacant and ready for immediate occupancy. Given its single-tenant configuration, the property offers complete privacy and control over the environment. The address, 47 Raritan Avenue, provides excellent visibility and accessibility, contributing to a strong business presence. This listing represents a rare chance to secure a highly desirable, compact, and strategically positioned executive office space in a prime location. The property's classification as both retail and office suggests potential flexibility in its usage, subject to local zoning regulations. Interested parties are encouraged to conduct their own due diligence regarding permitted uses. The compact size of the property makes it an economical choice for businesses with minimal space requirements. The "For Lease" status indicates immediate availability. Further details regarding lease terms and conditions are available upon request.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1999
    Construction FRAME
    Total area 8,488 SF
    Lot 0.39 ac (16,800 SF)
    APN 07 01704-0000-00054
    UPID US59-2126751
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.73M
    CAP Approach CAP
    $2.13M
    Comparable Approach Comparable
    $3.01M
    Blend (final) Blend
    $2.63M
    Owner & transaction history
    Rock Solid Realty Corp · 3 yrs held
    Rock Solid Realty Corp
    since 2022
    Last sale
    $2.6M
    5 recorded transactions
    2022
    $2.6M
    2021
    2019
    $1.9M
    2017
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.4M +2.5%
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    More about this property
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