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Property profile & analytics
OFF-MARKET Estimated value $550,000
Commercial real estate

900 Somerset St Watchung, NJ 07069-6305

1,820 SF 1.5 ac lot Built 1960
Entity Owned 2-yr Hold Free & Clear
Property ID
US59-1987548
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Construction FRAME
Total area 1,820 SF
Lot 1.5 ac (65,340 SF)
Zoning code B-A
APN 21 04409-0000-00001
UPID US59-1987548
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
$550k
CAP Approach CAP
$470k
Comparable Approach Comparable
$595k
Blend (final) Blend
$550k
Owner & transaction history
Thakur Fuel LLC · 2 yrs held
Thakur Fuel LLC
since 2024
Last sale
$550,000
6 recorded transactions
2024
$550,000
2014
$10,000
2011
Price N/A
2009
Price N/A
2006
$1
2006
$1
Zoning & alternative use
B-A · Watchung, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Christmas Tree Sales. The annual sale of Christmas trees is permitted in the B-A Neighborhood Commercial, the B-C Highway Commercial and the H-D Highway Development Zoning Districts between the last Saturday in November and December 25, inclusive, provided that all trees shall be removed and the premises cleared no later than January 1. O. Poultry and Livest…

Zone name Neighborhood Commercial
General category COMMERCIAL
Zone area 19.89 ac
Top alternative use upside
Office building $375,000 +1.0%
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