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285 Cedar Grove Ln, Somerset, NJ 8873

Lat/Long: 40.507625, -74.543827 Elevation: 34.75 meters

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Site Name

285 Cedar Grove Ln, Somerset, Nj 08873

Current Infrastructure

Cell Towers

SiteBid ID #

494579

Published Date

May 7, 2024

Modified Date

May 7, 2024

Data Accuracy

0.000

Site Description

285 Cedar Grove Ln, Somerset, Nj 08873 is a Agricultural property with a cell tower antenna structure. The site offers a 890366 sqft lot area and has a Somerset County APN # of 08-00508-02-00010-01-QFARM. See the wireless lease estimate for this site and search for cell towers nearby.

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Site Name

285 Cedar Grove Ln, Somerset, Nj 08873

Address

285 Cedar Grove Ln

County of Record

Somerset County

City

State / Province

Zip Code

Latitude:

Longitude:

Country

United States

Parcel # (APN)

08-00508-02-00010-01-QFARM

Metro Area (MSA)

New York-Newark-Jersey City, Ny-Nj-Pa

FIPS Code

34,035

Census Tract

34,035,054,300

Zoning

R40

Census Data

The property located at 285 Cedar Grove Ln is situated in Somerset County, New Jersey and has a block FIPS # of 340350543012029. Here is the most recent census data from the 2020 US Census report:

Block FIPS: 340350543012029

County FIPS: 34035

County Name: Somerset County

State FIPS: 34

State Name: New Jersey

Block Population (2020): 438

AMT: AMT001

BEA: BEA010
BTA: BTA321
CMA: CMA001
EAG: EAG701
IVM: IVM001
MEA: MEA002
MTA: MTA001
PEA: PEA001
REA: REA001
RPC: RPC001
VPC: VPC001

Lot Area

890,366.00sq. ft.

Total Units

1

Technology & Infrastructure

Crown Castle, All Sites, Verified

Utility Information

Utility Company: Public Service Electric & Gas Co
Company ID: 15477
Residential Rate: $0.1488/kWh
Commercial Rate: $0.0738/kWh
Industrial Rate: $0.0474/kWh

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Utility Lease Market Valuation Analysis

Cash Flow Analysis

Net Income

Cap Rate Range (%)

Market Lease Comparables

Sale Value Range ($)

Estimated Utility Lease Rates

Estimated Utility Lease Sale Valuation

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Infrastructure Investors are actively purchasing fee simple real estate, leases, and easements on properties with active utility leases from tier-1 tenants (AT&T, Verizon, T-Mobile, etc.). Depending on the terms of the lease, the lease buyout valuations can range drastically between 16x-20x the annual lease rate for lump-sum payments and 18x-25x for structured payments.