Financial
Distress signals
Property profile

97 Newport Ave Somerset, NJ 08873

OFF-MARKET
Commercial real estate
Property ID
US59-0856562
3,290 SF 0.28 ac lot
Last sale Feb 2026 · $825,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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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 · 2022

What does the county charge?
$12k
Tax billed · 2022
Assessed value · 2023$609k
Assessed land$200k
Assessed improvement$409k
Effective rate2.05%

Value estimate

· Sep 2026
$340k
$306k – $374k
CAP approach$850k
Submarket $/SF estimate$905k

Realmo valuation models over county records and 8 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 comparables8

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?
HBD
JurisdictionSOMERSET

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.1
Storage Facility11.4
Law Firm10.6

Location

97 Newport Ave Somerset, NJ 08873-3271
County assessor Recorded deeds · 11 transfers 8 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
1873 Amwell, Somerset, NJ 08873-2788 $1,300,000 Oct 2025 2,270 SF
400 Cottontail, Somerset, NJ 08873-1238 $13,865,000 Feb 2025 4,670 SF
1 Bloomfield, Somerset, NJ 08873 $376,000 Sep 2024 2,410 SF
541 Hamilton, Somerset, NJ 08873-2601 $800,000 Jul 2024 5,904 SF
2041 State Rte 27, Somerset, NJ 08873 $800,000 Jul 2024 3,576 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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