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Property profile

490 Hamilton St Somerset, NJ 08873

OFF-MARKET
Commercial real estate
Property ID
US59-0907213
1,825 SF 0.15 ac lot Built 1925
Last sale May 2025 · $526,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity in Somerset, NJ, presents a 1,980 square foot multi-unit building situated on a 0.15-acre lot. The property features a detached two-car garage, providing ample parking. Currently, the second floor is occupied by a tenant paying a monthly rent of $2,300, generating a strong cash flow. The first floor, previously used as an office space, is currently vacant, offering significant potential for additional income. The building boasts a central air and…

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?
$7k
Tax billed · 2022
Assessed value · 2023$364k
Assessed land$135k
Assessed improvement$229k
Effective rate2.05%

Value estimate

· Oct 2026
$490k
$441k – $539k
AI approach$455k
CAP approach$470k
Submarket $/SF estimate$541k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$291/SF
ZIP average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$154 – $476
Qualifying comparables9

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

What can be built here?
HBD
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 Facility11.0
Carpet & Flooring Store9.2
Watch Repair Shop8.9

Location

490 Hamilton St Somerset, NJ 08873-2664
County assessor Recorded deeds · 8 transfers 9 qualifying comp sales Zoning catalog

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
97 Newport, Somerset, NJ 08873-3271 $825,000 Feb 2026 3,290 SF
25 Oakbrook, Somerset, NJ 08873-2015 $463,000 Jan 2026 1,740 SF
1873 Amwell, Somerset, NJ 08873-2788 $1,300,000 Oct 2025 2,270 SF
1 Bloomfield, Somerset, NJ 08873 $376,000 Sep 2024 2,410 SF
2041 State Rte 27, Somerset, NJ 08873 $800,000 Jul 2024 3,576 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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