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Property profile & analytics

60 Millstone Rd Somerset, NJ 08873-3650

  • Parking lots & garages
  • 3,375 SF
  • 0.16 lot acres
OFF-MARKET
Value Estimation
$375,000
Location Intelligence
Property ID
US59-2816969
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Parking lots & garages

Property Details for 60 Millstone Rd

Construction
BRICK
Lot size
0.16 lot acres
Property size
3,375 SF
Zone code
HBD
Property type
Parking lots & garages
APN
08 00135- 01-00021
APU
8001350100021

Description

This exceptional 3,600 square foot commercial property, situated on a 0.16-acre lot at 60 Millstone Rd, Unit 60, Somerset, NJ, presents a unique opportunity for a variety of businesses. Recently updated, this flex space is perfectly suited for contractors, distributors, warehouse operations, office use, or a combination thereof. The warehouse component encompasses approximately 1,600 square feet, featuring 10-foot high ceilings, a convenient drive-in door, freshly painted floors, a practical utility sink, pre-installed storage racks, and a dedicated work area. The office space is equally impressive, boasting a formal conference room, a private executive office, a well-equipped kitchenette, and a full bathroom complete with a shower. Significant upgrades include a newly installed roof, a recently paved and striped fenced-in parking lot providing ample parking, and enhanced security features such as an alarm system and security cameras. Further enhancing its functionality is a backup generator and heavy power supply. This property also includes additional lots numbered 22, 26, 27, and 28, offering potential for expansion or future development. The property's prime location in desirable Somerset, NJ, ensures high visibility and easy access to major transportation routes. This is a turnkey operation ready for immediate occupancy.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $355,000
  • CAP approach

    CAP return
    Estimation
    6%
    $395,000
    6.5%
    $415,000
    7%
    $425,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $465,000
    Geo Method
    $425,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $480,000
    Retail
    $475,000
    Mixed-Use
    $415,000
    Hospitality
    $375,000
    Educational
    $405,000
    Residential Income
    $420,000
    Energy
    $480,000
    Income-Based Land
    $385,000
    Food Service
    $370,000

Location Insight

  • Map
  • Local Demand
City
Somerset
County
Somerset
State
New Jersey
Longitude
-74.4811
Latitude
40.4874
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,670
$144,000
$406,000
$550,000
-
$144,000
$406,000
$550,000
More about this property
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