Financial
Distress signals
Property profile

940 Easton Ave Somerset, NJ 08873

OFF-MARKET
Commercial real estate
Property ID
US59-1998774
8,175 SF 27.42 ac lot
Last sale Jan 2005 · $1
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Rutgers Plaza, located at 940 Easton Ave, Franklin Township, NJ 08873, offers a unique opportunity within a thriving Somerset County commercial center. This Class A, single-story property boasts a total of 266,157 square feet, featuring 19 suites ranging from a minimum of 1,848 square feet to a maximum contiguous space of 107,566 square feet. Renovated in 2005 and zoned GB, the center benefits from its strategic location on heavily trafficked Easton Avenue at JFK Boulevard, providing easy

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$825k
Tax billed · 2023
Assessed value · 2024$40.00M
Assessed land$7.00M
Assessed improvement$33.00M
Effective rate2.06%

Value estimate

· Sep 2026
$2.11M
$1.89M – $2.32M
CAP approach$2.12M
Submarket $/SF estimate$1.78M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$291/SF
ZIP average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$154 – $476
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GB
JurisdictionSOMERSET

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility9.2
Garden Center9.0
Tailor Shop8.9

Location

940 Easton Ave Somerset, NJ 08873-1745
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
950 Hamilton, Somerset, NJ 08873-3338 $1,550,000 Sep 2024 10,290 SF
499 Hamilton, Somerset, NJ 08873-2692 $2,550,000 Aug 2024 9,120 SF
507 Hamilton, Somerset, NJ 08873-2601 $2,550,000 Aug 2024 10,395 SF
541 Hamilton, Somerset, NJ 08873-2601 $800,000 Jul 2024 5,904 SF
773 Hamilton, Somerset, NJ 08873-3102 $3,850,000 Jun 2024 11,642 SF
92 Cortelyou, Somerset, NJ 08873-5347 $9,000,000 May 2024 12,710 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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