55 Commerce Drive, Somerset, NJ 08873 Property Information
55 Commerce Drive, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 55 Commerce Drive, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 86.01 |
| Lot | 10.24 |
Sales & Tax Overview for 55 Commerce Drive, Somerset
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 03/14/1994 |
| Sale price | $771,777 |
| Arm's length | Register |
| Current property tax | $107,262 |
Lot & Building Information for 55 Commerce Drive, Somerset
| Building sqft | 33,725 |
| Building class | Warehouse-General Storage (951) |
| Acreage | 5.694 |
| Stories | 1 |
Zoning, Use & Area Overview
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 55 Commerce Drive, Somerset
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- • Improvements for 55 Commerce Drive, Somerset , including their type, square footage, grade and when they were built.
- • Development maps such as planimetric, zoning, land use and urban landscape maps (building age and stories).
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About 55 Commerce Drive, Somerset
This Warehouse-General Storage (951) located at 55 Commerce Drive, Somerset, NJ 08873 has a total of 42,196 square feet.
What is the market value of 55 Commerce Drive, Somerset, NJ 08873?The current market value is $5,900,000.
Ownership Information
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Past Sales & Property History for 55 Commerce Drive, Somerset
Create a free account to view the complete sales history for 55 Commerce Drive, Somerset, including title documents, transfer conditions, mortgages and liens.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 03/14/1994 | $771,777 | Register | Register |
Title Documents for 55 Commerce Drive, Somerset
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R: Recorded date
D: Document date
Property Taxes for 55 Commerce Drive, Somerset
Access detailed property tax data for 55 Commerce Drive, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $103,132 |
| Current property tax | $107,262 |
| Market value | $5,900,000 |
Assessment History for 55 Commerce Drive, Somerset
Here's the assessment & property tax history for 55 Commerce Drive, Somerset, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessment value | Total tax rate | Property tax | Year over year change |
|---|---|---|---|---|---|
| 2024 | $6,400,000 | $6,400,000 | 1.748 | $111,872 | +22.22% |
| 2023 | $4,900,000 | $4,900,000 | 1.868 | $91,532 | +36.66% |
| 2022 | $3,400,000 | $3,400,000 | 1.97 | $66,980 | -3.92% |
| 2021 | $3,250,000 | $3,250,000 | 2.145 | $69,713 | -2.37% |
| 2020 | $3,250,000 | $3,250,000 | 2.197 | $71,403 | +38.67% |
Demographics By Zip Code
| Total population | 55,862 |
| Median age | 40 |
| Average household income | $148,780 |
| Family households | 65.2% |
| Occupied housing units | 21,641 |
| Owner occupied units | 67.3% |
| Average number of people per household | 2 |
| Median year structure built | 1985 |
| Median value for units with a mortgage | $433,700 |
| Median value for units without a mortgage | $445,400 |
Risk
Create a free account to unlock extended information for 55 Commerce Drive, Somerset, including whether it's located in FEMA flood zones, floodways or special flood hazard areas, as well as the Coastal barriers resources system area (COBRA).
| FEMA flood zone(s) | A, X (See more on map) |
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Transportation
Access the detailed traffic volume map for 55 Commerce Drive, Somerset to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
| View daily traffic map |
Neighbors for 55 Commerce Drive, Somerset
Here are the neighbors for 55 Commerce Drive, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 55 Jiffy Rd, Somerset | 65,700 | 05/14/1985 | $100,000 |
| 30 Commerce Dr, Somerset | 06/17/1999 | $850,000 | |
| 35 Commerce Dr, Somerset | 98,800 | ||
| 1 Laird Ter, Somerset | 2,868 | 04/10/2023 | $824,000 |
| 100 Clyde Rd, Somerset | 55,280 | ||
| 20 Commerce Dr, Somerset | 05/01/2020 | $6,380,000 | |
| 324 Bennetts Ln, Somerset | 4,567 | 02/21/2003 | |
| 5 Laird Ter, Somerset | 3,242 | 07/18/2018 | $568,000 |
| 40 Commerce Dr, Somerset | 01/05/2005 | $787,500 | |
| 378 Bennetts Ln, Somerset | 1,344 | 01/01/1998 | $650,000 |
| 70 Clyde Rd, Somerset | 52,597 | 12/09/1981 | $150,000 |
| 105 Commerce Dr, Somerset | 01/01/1999 | $10 | |
| 95 Commerce Dr, Somerset | 49,312 | ||
| 60 Clyde Rd, Somerset | 100,800 | 03/05/2019 | |
| 3 Laird Ter, Somerset | 2,602 | 08/10/1992 | $240,000 |
| 85 Commerce Dr, Somerset | 20,138 | 01/24/2006 | |
| 358 Bennetts Ln, Somerset | 1,502 | 06/12/2013 | $300,000 |
| 9 Laird Ter, Somerset | 2,859 | 10/04/2019 | $565,000 |
| 75 Commerce Dr, Somerset | |||
| 7 Laird Ter, Somerset |