90 E Somerset St Raritan, NJ 08869
Property Lookup
Property profile & analytics
90 E Somerset St Raritan, NJ 08869
- Commercial real estate
- 3,096 SF
- 0.30 lot acres
Property ID
US59-0918853
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.
Location Intelligence
Current Use by Public Records
- Levinson Axelrod, P.A. / Law Firm
Property Details for 90 E Somerset St
- Year built
- 2006
- Construction
- BRICK
- Lot size
- 0.30 lot acres
- Property size
- 3,096 SF
- Property type
- Commercial real estate
- APN
- 16 00112-0000-00003
- APU
- 1600112000000003
Description
Raritan Crossing, located at 90 E Somerset St, Raritan, NJ 08869, offers exceptional medical office space in a thriving Somerset County location. This three-building retail strip center encompasses 62,955 square feet and features 21 units. Four spaces are currently available, ranging from 1,500 to 4,278 square feet, perfect for a variety of medical practices. The property boasts 153 parking spaces, ensuring ample convenience for patients and staff. Situated on Route 206, Raritan Crossing benefits from high visibility and exceptional daily traffic counts, averaging 35,000 vehicles. Its strategic location near Routes 202 and 22, and Interstates 78 and 287, provides easy access for patients from Bridgewater, Somerville, Raritan, and surrounding areas within one of New Jersey's most prosperous counties. This property presents a unique opportunity to establish or expand a medical practice in a high-traffic, easily accessible location within a well-established retail center. The property is classified as Retail, Restaurant, and Office, with a subtype of Medical Office and Instructional. The tenancy is multiple.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $865,000
- 6.5%
- $800,000
- 7%
- $745,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $531,000
Market price range: $241k - $568k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $790,000 Current use
- OFFICE BUILDING
- $640,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Raritan
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.626
- Latitude
- 40.5693
- 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
$15,918
$171,800
$403,700
$575,500
-
$171,800
$403,700
$575,500
