20 Commerce Drive, Somerset, NJ 08873 Property Information
20 Commerce Drive, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 20 Commerce Drive, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 86.02 |
| Lot | 3.02 |
Sales & Tax Overview for 20 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 | 05/01/2020 |
| Sale price | $6,380,000 |
| Arm's length | Register |
| Current property tax | $94,536 |
Lot & Building Information for 20 Commerce Drive, Somerset
| Building class | Warehouse-General Storage (951) |
| Acreage | 2.65 |
Zoning, Use & Area Overview
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Other Property Data for 20 Commerce Drive, Somerset
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- • Improvements for 20 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 20 Commerce Drive, Somerset
This Warehouse-General Storage (951) located at 20 Commerce Drive, Somerset, NJ 08873 has a total of 40,651 square feet and a current price per square foot of $156.
What is the market value of 20 Commerce Drive, Somerset, NJ 08873?The current market value is $5,200,000.
Ownership Information
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Past Sales & Property History for 20 Commerce Drive, Somerset
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*Here are the three most recent sales for this property.
Title Documents for 20 Commerce Drive, Somerset
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R: Recorded date
D: Document date
Property Taxes for 20 Commerce Drive, Somerset
Access detailed property tax data for 20 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 | $90,896 |
| Current property tax | $94,536 |
| Market value | $5,200,000 |
Assessment History for 20 Commerce Drive, Somerset
Here's the assessment & property tax history for 20 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 | $5,200,000 | $5,200,000 | 1.748 | $90,896 | +3.53% |
| 2023 | $4,700,000 | $4,700,000 | 1.868 | $87,796 | +0.37% |
| 2022 | $4,440,000 | $4,440,000 | 1.97 | $87,468 | +13.27% |
| 2021 | $3,600,000 | $3,600,000 | 2.145 | $77,220 | -2.37% |
| 2020 | $3,600,000 | $3,600,000 | 2.197 | $79,092 | +10.74% |
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 20 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) | X (See more on map) |
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Transportation
Access the detailed traffic volume map for 20 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 20 Commerce Drive, Somerset
Here are the neighbors for 20 Commerce Drive, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 30 Commerce Dr, Somerset | 06/17/1999 | $850,000 | |
| 55 Jiffy Rd, Somerset | 65,700 | 05/14/1985 | $100,000 |
| 35 Commerce Dr, Somerset | 98,800 | ||
| 50 Jiffy Rd, Somerset | 72,600 | 06/09/2022 | $18,327,500 |
| 6 Pucillo Ln, Somerset | 2,900 | 04/16/2019 | $545,000 |
| 100 Clyde Rd, Somerset | 55,280 | ||
| 55 Commerce Dr, Somerset | 33,725 | 01/24/2006 | |
| 40 Commerce Dr, Somerset | 01/05/2005 | $787,500 | |
| 2 Pucillo Ln, Somerset | 4,015 | 01/29/2001 | $350,000 |
| 4 Pucillo Ln, Somerset | 2,900 | 03/19/2018 | $525,000 |
| 70 Clyde Rd, Somerset | 52,597 | 12/09/1981 | $150,000 |
| 70 Commerce Dr, Somerset | 3,175 | ||
| 105 Commerce Dr, Somerset | 01/01/1999 | $10 | |
| 8 Pucillo Ln, Somerset | 2,900 | 05/15/2012 | $432,500 |
| 60 Clyde Rd, Somerset | 100,800 | 03/05/2019 | |
| 95 Commerce Dr, Somerset | 49,312 | ||
| 60 Jiffy Rd, Somerset | 120,000 | 11/13/2019 | $15,600,000 |
| 85 Commerce Dr, Somerset | 20,138 | 01/24/2006 | |
| 46 Clyde Rd, Somerset | 147,000 | 12/29/2011 | $4,884,550 |
| 75 Commerce Dr, Somerset |