Technical
Financial
Distress signals
Property profile

5 Johnson Dr Raritan, NJ 08869

OFF-MARKET
Industrial properties
Property ID
US59-0078779
18.64 ac lot Built 1966
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,000-square-foot industrial property, located at 5 Johnson Drive in Somerset County, presents a unique leasing opportunity. The single-tenant building, constructed in 1966, offers a spacious and versatile layout ideal for manufacturing, warehousing, or trucking/delivery operations. The entire 10,000 square feet is currently vacant, providing immediate occupancy for a prospective tenant. The property features a single story design, simplifying logistics and operations. Its convenient location within Somerset County offers easy access to major transportation routes, enhancing distribution efficiency. The property's Assessed Parcel Number (APN) is 16-00062-0000-00003. This is an excellent opportunity for a business seeking a substantial, readily available industrial space in a prime Somerset County location. The property's single-tenant status ensures exclusive use and control, minimizing potential conflicts with other occupants. The building's age provides a solid foundation, while the ample square footage allows for customization to meet specific operational needs. This property is ready for immediate occupancy and offers significant potential for growth and success. Serious inquiries are encouraged to explore this exceptional leasing opportunity further.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1966
Lot 18.64 ac (811,828 SF)
APN 16 00062-0000-00003
UPID US59-0078779

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising IT Consulting Firm
  • Logistics Company
  • Moving Company
  • Real Estate Agency
  • Environmental Consultant

Location

5 Johnson Dr Raritan, NJ 08869-1662
Raritan metro Census 50600 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k

Owner & transaction history

since 2007
3 recorded transactions
2007
$9.0M
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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