Somerset Executive Square 1 Executive Dri - 1 Executive Drive, Somerset, NJ 08873 Property Information
Somerset Executive Square 1 Executive Dri - 1 Executive Drive, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 1 Executive Drive, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 469 |
| Lot | 1.03 |
Sales & Tax Overview for 1 Executive Drive, Somerset
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| Sale date | 11/07/2025 |
| Sale price | $14,875,743 |
| Arm's length | Register |
| Current property tax | $109,557 |
Lot & Building Information for 1 Executive Drive, Somerset
| Building sqft | 89,160 |
| Building class | Office-Other (569) |
| Acreage | 5 |
| Exterior structural material | Register |
Zoning, Use & Area Overview
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Other Property Data for 1 Executive Drive, Somerset
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- • Improvements for 1 Executive Drive, Somerset , including their type, square footage, grade and when they were built.
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About 1 Executive Drive, Somerset
This Office-Other (569) located at Somerset Executive Square 1 Executive Dri - 1 Executive Drive, Somerset, NJ 08873 has a total of 89,160 square feet and a current price per square foot of $166.
What is the market value of Somerset Executive Square 1 Executive Dri - 1 Executive Drive, Somerset, NJ 08873?The current market value is $6,300,000.
Ownership Information
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Past Sales & Property History for 1 Executive Drive, Somerset
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*Here are the three most recent sales for this property.
Title Documents for 1 Executive Drive, Somerset
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R: Recorded date
D: Document date
Property Taxes for 1 Executive Drive, Somerset
Access detailed property tax data for Somerset Executive Square 1 Executive Dri - Somerset Executive Square 1 Executive Dri - 1 Executive Drive, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $105,714 |
| Current property tax | $109,557 |
| Market value | $6,300,000 |
Assessment History for 1 Executive Drive, Somerset
Here's the assessment & property tax history for 1 Executive 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 |
|---|---|---|---|---|---|
| 2025 | $6,300,000 | $6,300,000 | 1.678 | $105,714 | -14.82% |
| 2024 | $7,100,000 | $7,100,000 | 1.748 | $124,108 | -6.42% |
| 2023 | $7,100,000 | $7,100,000 | 1.868 | $132,628 | -5.18% |
| 2022 | $7,100,000 | $7,100,000 | 1.97 | $139,870 | -8.16% |
| 2021 | $7,100,000 | $7,100,000 | 2.145 | $152,295 | -2.37% |
Demographics by Zip Code
| Total population | 56,327 |
| Median age | 40.4 |
| Average household income | $156,289 |
| Family households | 67.3% |
| Occupied housing units | 21,831 |
| Owner occupied units | 67.6% |
| Average number of people per household | 2.55 |
| Median year structure built | 1984 |
| Median value for units with a mortgage | $465,600 |
| Median value for units without a mortgage | $466,100 |
Risk
Create a free account to unlock extended information for 1 Executive 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 1 Executive Drive, Somerset to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
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Neighbors for 1 Executive Drive, Somerset
Here are the neighbors for Somerset Executive Square 1 Executive Dri - 1 Executive Drive, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 1950 Easton Ave, Somerset | 5,602 | ||
| 3 Executive Dr, Somerset | 95,936 | 11/07/2025 | $14,875,743 |
| 27 Fordham Rd, Somerset | 2,505 | 06/25/2015 | $330,000 |
| 290 Davidson Ave, Somerset | 425,306 | 07/12/2010 | $11,340,001 |
| 380 Davidson Ave, Somerset | 2,253 | 11/30/2022 | |
| 1960 Easton Ave, Somerset | 15,171 | ||
| 31 Ulysses Rd, Somerset | 1,784 | 04/12/2021 | $10 |
| 29 Ulysses Rd, Somerset | 1,748 | 01/31/1993 | $1 |
| 32 Worlds Fair Dr, Somerset | 27,689 | 12/29/2003 | $438,400 |
| 30 Worlds Fair Dr, Somerset | 07/11/2005 | $1 | |
| 29 Fordham Rd, Somerset | 2,443 | 06/17/1976 | $46,500 |
| 300 Davidson Ave, Somerset | 429,638 | 12/15/2014 | $12,400,000 |
| 147-151 Pierce St, Somerset | 38,828 | 01/11/2019 | $12,200,000 |
| 155 Pierce St, Somerset | 46,284 | 11/10/2016 | $4,900,000 |
| 25 Fordham Rd, Somerset | 2,131 | 01/04/2023 | $525,000 |
| 370 Davidson Ave, Somerset | 1,918 | 08/04/2000 | $230,000 |
| 33 Ulysses Rd, Somerset | 2,246 | 02/15/1980 | $65,300 |
| 2 Executive Dr, Somerset | 89,160 | 11/03/2025 | $7,436,756 |
| 760 New Brunswick Rd, Somerset | 34,054 | 08/11/1978 | $185,000 |
| 750 New Brunswick Rd, Somerset | 06/06/1994 | $10 |