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Financial
Distress signals
Property profile

54 Grv St Ste 1a Somerville, NJ 08876

OFF-MARKET
Other office properties
Property ID
US59-0100199
0.15 ac lot
Last sale Oct 2005 · $289,000
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 1,250-square-foot professional condo office suite arranged with a reception area, three private offices, a large conference room, and a four-person administrative area, along with a kitchenette. The suite includes access to a full basement featuring dedicated file storage and additional storage space. The property is associated with an on-site 24-car parking lot and is located in downtown Somerville, one block from the Somerset County Courthouse and Main Street.

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?
$8k
Tax billed · 2022
Assessed value · 2023$214k
Assessed land$107k
Assessed improvement$107k
Effective rate3.76%

Value estimate

· Oct 2026
$280k
$252k – $308k
AI approach$280k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$206/SF
County average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$102 – $303

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?
PO-R
The intent of this zone is to promote professional office and residential district uses
General categoryRESIDENTIAL
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 Shop9.0
Pet Grooming Service8.7
Florist8.5

Location

54 Grv St Ste 1a Somerville, NJ 08876-1932
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10 Gaston, Somerville, NJ 08876-2434 $208,000 Jan 2023 No data
3421 Us Hwy 22, Branchburg, NJ 08876-6026 $3,000,000 Jun 2022 No data
56 Un, Somerville, NJ 08876-2000 $405,000 Dec 2021 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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