1150 Raritan RdCranford, NJ 07016

Property Details for 1150 Raritan Rd

Year built

1985

Construction

TYPE NOT SPECIFIED

Lot size

1.33 AC

Property size (Sq ft)

25,446 SF

Property type

Commercial real estate

APN

03 00625-0000-00018- 01

APU

30062500000001801

Description

This exceptional executive office suite, totaling 2,246 square feet, is immediately available within the 58,182 square foot, single-building complex located at 1150 Raritan Road in Cranford, New Jersey. The property, classified as Class B, was constructed in 1985 and sits on a generous 1.33-acre lot. The building offers a multi-tenant environment, providing a collaborative and professional atmosphere. This specific suite presents a unique opportunity for businesses seeking a ready-to-occupy space in a well-established location. The address is conveniently situated in Union County, with easy access to major transportation routes, making commuting simple for employees and clients alike. The zip code is 07016. The property's size and layout are ideal for a variety of business needs, offering ample space for both individual offices and collaborative work areas. This is a fantastic opportunity to secure a prominent office space in a desirable New Jersey location. The suite is ready for immediate occupancy. Further details regarding lease terms and conditions are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $4,767,920

  6.5%

  $4,401,150

  7%

  $4,086,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,324,770

  Geo Method

  $3,324,770

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $8,664,860

  Retail / Commercial

  $4,443,300

  Mixed-Use / Specialty

  $4,427,460

  Hospitality / Lodging

  $3,248,280

  Office

  $4,401,150

  Institutional / Educational

  $4,602,770

  Residential Income

  $5,385,240

  Multifamily

  $6,458,770

  Automotive / Energy

  $3,945,230

  Parking / Income-Based Land

  $1,361,450

  Restaurant / Food Service

  $2,302,750

  Healthcare / Senior Housing

  $4,540,270

Location Insight

City

Cranford

County

Union

State

New Jersey

Latitude

40.6357

Longitude

-74.3011

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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