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    Property profile & analytics

    700 Somerset St Watchung, NJ 07069-4910

    • Commercial real estate
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US59-1286160
    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

    • Watchung Service Center / Auto Repair Shop
    • Styles Hair Salon / Beauty Salon
    • The Historic Custom Tattoo est.1984 / Tattoo Shop

    Property Details for 700 Somerset St

    Construction
    FRAME
    Lot size
    0.30 lot acres
    Zone code
    B-A
    Property type
    Commercial real estate
    APN
    21 04701-0000-00013
    APU
    2104701000000013

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $295,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $330,000
      Mixed-Use
      $305,000
      Hospitality
      $275,000
      Educational
      $340,000
      Residential Income
      $320,000
      Energy
      $315,000
      Income-Based Land
      $295,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Watchung
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.442
    Latitude
    40.6302
    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
    $8,194
    $200,500
    $204,500
    $405,000
    -
    $200,500
    $204,500
    $405,000

    Comparable in this City

    • Value Estimation by Request
      169,979 SF

      1601 Us-22

      Retail properties • 169,979 SF
      1601 Us-22, Watchung, NJ 07069
      View Details
    • Value Estimation by Request

      Oakwood Rd

      COMMERCIAL (GENERAL)
      Oakwood Rd, Watchung, NJ 07069
      View Details
    • Value Estimation by Request

      1541 Us Hwy 22

      COMMERCIAL (GENERAL)
      1541 Us Hwy 22, Watchung, NJ 07069-6507
      View Details
    • Value Estimation by Request

      1541 Us Hwy 22

      COMMERCIAL (GENERAL)
      1541 Us Hwy 22, Watchung, NJ 07069-6507
      View Details
    • Value Estimation
      $530,000
      1,820 SF

      900 Somerset St

      COMMERCIAL (GENERAL) • 1,820 SF
      900 Somerset St, Watchung, NJ 07069-6305
      View Details
    • Value Estimation by Request
      6,109 SF

      60 Stirling Rd

      COMMERCIAL (GENERAL) • 6,109 SF
      60 Stirling Rd, Watchung, NJ 07069-5932
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Watchung Boro Commercial Lot For Sale

      0.92 acre commercial lot in Watchung Boro, New Jersey.
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    • $499,000
      Pending

      Expansive Vacant Lot in Watchung

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    Similar Nearby for Lease

    • $1,600 /Mo

      Watchung Boro Office Space Available

      Second floor office space with highway access for rent.
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    • Contact for pricing
      2,000 SF

      Retail Space on Stirling Road

      Retail space available at a strategically located intersection.
      60 Stirling Rd, Watchung, NJ 07069
      View Details
    • $18 SF/Yr
      10,000 SF

      Shawnee Professional Building Suites

      Prime Watchung medical/office space available.
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    • $1,400 /Mo
      2,400 SF

      Professional Office Space Available

      Bright 1200 SF office suite in business district.
      445 Watchung Ave, Plainfield, NJ 07069
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    • $1,600 /Mo

      Watchung Boro Office Space Available

      Second floor office space with high visibility and easy access.
      475 Watchung Ave, Plainfield, NJ 07069
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    • $1,867 /Mo

      Watchung Office Space For Rent

      1,123 square foot office space available for lease.
      786 Mountain Blvd, Watchung, NJ 07069
      View Details
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    700 Somerset St
    Watchung, NJ 07069-4910
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    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
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