500 Memorial Drive, Somerset, NJ 08873 Property Information
500 Memorial Drive, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 500 Memorial Drive, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 517.01 |
| Lot | 3.18 |
Sales & Tax Overview for 500 Memorial Drive, Somerset
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 01/21/2009 |
| Sale price | $10,500,000 |
| Arm's length | Register |
| Current property tax | $306,064 |
Lot & Building Information for 500 Memorial Drive, Somerset
| Building sqft | 136,300 |
| Building class | Office - General (560) |
| Acreage | 11.38 |
Zoning, Use & Area Overview
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 500 Memorial Drive, Somerset
Property reports include comprehensive occupancy, improvement and development information (where available).
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- • Improvements for 500 Memorial 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 500 Memorial Drive, Somerset
This Office - General (560) located at 500 Memorial Drive, Somerset, NJ 08873 has a total of 136,300 square feet and a current price per square foot of $77.
What is the market value of 500 Memorial Drive, Somerset, NJ 08873?The current market value is $17,600,000.
Ownership Information
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Past Sales & Property History for 500 Memorial Drive, Somerset
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| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 01/21/2009 | $10,500,000 | Register | Register |
Title Documents for 500 Memorial Drive, Somerset
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R: Recorded date
D: Document date
Property Taxes for 500 Memorial Drive, Somerset
Access detailed property tax data for 500 Memorial Drive, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $295,328 |
| Current property tax | $306,064 |
| Market value | $17,600,000 |
Assessment History for 500 Memorial Drive, Somerset
Here's the assessment & property tax history for 500 Memorial 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 | $17,600,000 | $17,600,000 | 1.678 | $295,328 | -4.00% |
| 2024 | $17,600,000 | $17,600,000 | 1.748 | $307,648 | -0.79% |
| 2023 | $16,600,000 | $16,600,000 | 1.868 | $310,088 | +10.85% |
| 2022 | $14,200,000 | $14,200,000 | 1.97 | $279,740 | +10.52% |
| 2021 | $11,800,000 | $11,800,000 | 2.145 | $253,110 | -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 500 Memorial 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 500 Memorial 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 500 Memorial Drive, Somerset
Here are the neighbors for 500 Memorial Drive, Somerset.