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Property profile & analytics
OFF-MARKET Estimated value $520,000
Commercial real estate

801 Raritan Ave Highland Park, NJ 08904-2906

0.29 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US59-1183247
Property summary
AI-generated overview

This exceptional executive office space at 801 Raritan Avenue, Highland Park, New Jersey, 08904, is offered for sale at $95,000. The property represents a turnkey business opportunity, established 30 years ago as Metuchen Rent-A-Car and currently operating as Hogan Auto Repair's successful car rental subsidiary for the past decade. This ongoing, profitable venture boasts a consistent client base, including 10 active corporate accounts, maintaining its original phone number and dedicated website. The sale includes 10 rental vehicles, each equipped with GPS tracking. The business generates a gross monthly revenue of $8,000. This presents a unique chance to acquire a well-established, profitable enterprise with a proven track record in a prime Highland Park location. The property's address is conveniently located at 801 Raritan Avenue, within Middlesex County. The building's year of construction is not specified. This is an ideal investment for an entrepreneur seeking a ready-made business with immediate income potential. The property is categorized as an executive office and offers a significant return on investment. Further details are available upon request.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction CONCRETE BLOCKS
Lot 0.29 ac (12,760 SF)
APN 07 01303-0000-00025
UPID US59-1183247
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$520k
Owner & transaction history
801 Raritan Ave LLC · 5 yrs held
801 Raritan Ave LLC
since 2021
Last sale
$500,000
2 recorded transactions
2021
Price N/A
2021
$500,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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