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    97 Newport Ave Somerset, NJ 08873-3271
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    Property profile & analytics

    97 Newport Ave, Somerset, NJ 08873-3271

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    • Commercial real estate
    • 3,290 SF
    • 0.28 lot acres
    Off-Market
    Last Sale Feb 27, 2026
    $825,000
    Property ID
    US59-0856562
    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.

    Value Estimations
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 97 Newport Ave

    Construction
    BRICK
    Lot size
    0.28 lot acres
    Zone code
    HBD
    Property type
    Commercial real estate
    APN
    08 00156-0000-00047
    APU
    800156000000047

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 27, 2026 $825,000 Mk Apex LLC Life Assets LLC Deed —
    Feb 16, 2024 — Life Assets LLC — Deed · related $495k · Community Loan Funding Of New Jersey
    Jul 26, 2021 — Life Assets LLC — Deed · related $495k · Rsi Bank
    Nov 13, 2019 $675,000 Life Assets LLC 97 Newport Ave LLC Grant Deed $506k · Lima One Cap
    Nov 8, 2019 $350,000 97 Newport Ave LLC Dorothy Draugh Grant Deed —
    Jun 17, 2019 — Dorothy Draugh Bb Funded Properties LLC Quit Claim Deed · related —
    Apr 9, 2012 $500,000 Dorothy Draugh Bb Funded Properties LLC Quit Claim Deed —
    Jan 8, 2008 — Bb Funded Properties LLC Pro Source Two Grant Deed $1.4M · Realco Investment LP
    Sep 8, 2006 $325,000 Source Two Pro Draugh,dorothy Grant Deed $290k · Cherfein Joint Venture LLC
    Jun 24, 1996 $125,000 Dorothy Draugh Lee,albert Grant Deed $95k · Delta Funding
    — — Bb Funded Properties LLC — Deed Of Trust · related $500k · Bb Squared 2 LLC

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $920,000
      6.5%
      $850,000
      7%
      $790,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $904,000
      Market price range: $506k - $1.57M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.4721
    Latitude
    40.4907
    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
    $12,472
    $200,000
    $409,000
    $609,000
    -
    $200,000
    $409,000
    $609,000
    More about this property
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