Financial
Distress signals
Property profile

49 Somerset St Raritan, NJ 08869

OFF-MARKET
Commercial real estate
Property ID
US59-2856406
0.14 ac lot Built 1920
Last sale Oct 2014 · $470,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 49 W. Somerset Street in Raritan, New Jersey, presents a compelling investment opportunity. The 3,700 square foot building boasts a prime location in the heart of downtown Raritan, just four blocks from the Raritan Train Station, making it highly accessible for commuters and residents alike. The property is zoned B-1 (Central Business District) and sits on a 0.14-acre lot. The building is a two-story structure featuring approximately 3,700

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$13k
Tax billed · 2022
Assessed value · 2023$470k
Assessed land$125k
Assessed improvement$345k
Effective rate2.77%

Value estimate

· Sep 2026
$310k
$279k – $341k
AI approach$310k

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?

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: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.3
Computer & Electronic Repair9.0
Electrical Service9.0

Location

49 Somerset St Raritan, NJ 08869-2011
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
34 Somerset, Raritan, NJ 08869-2039 $996,000 Feb 2026 4,224 SF
85 Somerset, Raritan, NJ 08869-2024 $1,375,000 Jan 2026 No data
13 Somerset, Raritan, NJ 08869 $1,920,000 May 2025 9,576 SF
27 Somerset, Raritan, NJ 08869-2050 $475,000 Apr 2025 No data
16 Thompson, Raritan, NJ 08869-2022 $215,000 Dec 2024 3,200 SF
51 Somerset, Raritan, NJ 08869-2026 $55,000 Aug 2024 No data
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
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