Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    7 1st Ave Raritan, NJ 08869-1700

    • Industrial properties
    • 1,760 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Location Intelligence
    Property ID
    US59-0948063
    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

    • Sonic Boom Studios / Recording Studio
    • Jenna Perfette Photography / Wedding Photographer / Service Establishment
    • House of Blooms / Florist / Flower Designer

    Property Details for 7 1st Ave

    Year built
    1930
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.41 lot acres
    Property size
    1,760 SF
    Property type
    Industrial properties
    APN
    16 00085-0000-00016
    APU
    1600085000000016

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $440,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $400,000
      Retail
      $440,000
      Mixed-Use
      $430,000
      Hospitality
      $445,000
      Educational
      $360,000
      Residential Income
      $445,000
      Energy
      $450,000
      Income-Based Land
      $370,000
      Food Service
      $420,000

    Location Insight

    • Map
    • Local Demand
    City
    Raritan
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6381
    Latitude
    40.5668
    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
    2022
    $15,940
    $180,000
    $396,300
    $576,300
    -
    $180,000
    $396,300
    $576,300

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      2 Johnson Dr

      Distribution properties • 10,000 SF
      2 Johnson Dr, Raritan, NJ 08869
      View Details
    • Value Estimation by Request
      108.74 Acres

      1000 Us Hwy 202

      INDUSTRIAL (GENERAL) • 108.74 Acres
      1000 Us Hwy 202, Raritan, NJ 08869-1425
      View Details
    • Value Estimation
      $800,000
      0.02 Acres

      Rr Nj

      INDUSTRIAL (GENERAL) • 0.02 Acres
      Rr Nj, Raritan, NJ 08869
      View Details
    • Value Estimation by Request
      34.80 Acres

      Rte 202

      INDUSTRIAL (GENERAL) • 34.80 Acres
      Rte 202, Raritan, NJ 08869
      View Details
    • Value Estimation by Request
      16,800 SF

      1 Johnson Dr

      Distribution properties • 16,800 SF
      1 Johnson Dr, Raritan, NJ 08869
      View Details
    • Value Estimation by Request
      25 SF

      Johnson Dr At 1st Ave

      INDUSTRIAL (GENERAL) • 25 SF
      Johnson Dr At 1st Ave, Raritan, NJ 08869
      View Details

    Similar Nearby for Sale

    • $3,000,000
      6,043 SF

      Raritan Industrial Building - 6,043 SF

      Spacious industrial building, ample parking, updated offices.
      35 Orlando Dr, Raritan, NJ 08869
      View Details
    • Contact for pricing
      9.72 Acres

      Raritan Industrial Property For Sale

      Industrial property in Raritan, NJ, available for lease January-2025.
      2 Johnson Dr, Raritan, NJ 08869
      View Details
    • $2,500,000
      12,000 SF

      Raritan Commercial Building For Sale

      12,000 SF commercial building with high visibility and permitted uses.
      401 Us Highway 202, Raritan, NJ 08869
      View Details
    • Contact for pricing
      12,000 SF

      Raritan Commercial Building with Showroom

      12,000 SF commercial building with high visibility and permitted uses.
      401 Us Highway 202, Raritan, NJ 08869
      View Details
    • $3,000,000

      Freestanding Building with Updated Offices

      Commercial property featuring a large building with high ceilings and parking.
      35 Orlando Dr, Raritan, NJ 08869
      View Details
    • Contact for pricing
      18.64 Acres

      Raritan Warehouse Available For Sale

      Warehouse property in Raritan, NJ, available for sale.
      1 Johnson Dr, Raritan, NJ 08869
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      82,000 SF

      Raritan Valley Office Complex

      Prime Somerset County office space. Multiple suites available.
      575 Nj-28, Raritan, NJ 08869
      View Details
    • Contact for pricing
      811,958 SF

      Raritan Commercial Property For Lease

      Commercial property available for lease in Raritan, New Jersey.
      5 Johnson Dr, Raritan, NJ 08869
      View Details
    • Contact for pricing
      423,403 SF

      Raritan Commercial Property For Lease

      Commercial property available for lease in Raritan, New Jersey.
      2 Johnson Dr, Raritan, NJ 08869
      View Details
    • $2,650 /Mo

      Raritan Multifamily Property for Rent

      Multifamily property available for rent in Raritan, New Jersey.
      40 Glaser Ave, Raritan, NJ 08869
      View Details
    • Contact for pricing
      9,800 SF

      Raritan Mall Retail Space Available

      Prime Retail Space, Somerset County, NJ
      120 Orlando Dr, Raritan, NJ 08869
      View Details
    • Contact for pricing
      61,775 SF

      Raritan Retail Center - Prime Location

      Retail space available, Somerset County, NJ.
      41 Rte, Raritan, NJ 08869
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7 1st Ave
    Raritan, NJ 08869-1700
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.