Franklin Distribution Center - 1 Cottontail Lane, Somerset, NJ 08873 Property Information
Franklin Distribution Center - 1 Cottontail Lane, Somerset, NJ 08873 Property Information
- General
- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 1 Cottontail Lane, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 517.01 |
| Lot | 8.03 |
Sales & Tax Overview for 1 Cottontail Lane, Somerset
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 01/22/1993 |
| Sale price | $4,217,934 |
| Arm's length | Register |
| Current property tax | $253,894 |
Lot & Building Information for 1 Cottontail Lane, Somerset
| Building sqft | 142,750 |
| Building class | Industrial-Other (331) |
| Acreage | 11.34 |
| Exterior structural material | Register |
Zoning, Use & Area Overview
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Other Property Data for 1 Cottontail Lane, Somerset
Property reports include comprehensive occupancy, improvement and development information (where available).
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- • Improvements for 1 Cottontail Lane, 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 1 Cottontail Lane, Somerset
This Industrial-Other (331) located at Franklin Distribution Center - 1 Cottontail Lane, Somerset, NJ 08873 has a total of 142,750 square feet and a current price per square foot of $29.
What is the market value of Franklin Distribution Center - 1 Cottontail Lane, Somerset, NJ 08873?The current market value is $14,600,000.
Ownership Information
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Past Sales & Property History for 1 Cottontail Lane, Somerset
Create a free account to view the complete sales history for 1 Cottontail Lane, Somerset, including title documents, transfer conditions, mortgages and liens.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 01/22/1993 | $4,217,934 | Register | Register |
Title Documents for 1 Cottontail Lane, Somerset
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R: Recorded date
D: Document date
Property Taxes for 1 Cottontail Lane, Somerset
Access detailed property tax data for Franklin Distribution Center - Franklin Distribution Center - 1 Cottontail Lane, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $244,988 |
| Current property tax | $253,894 |
| Market value | $14,600,000 |
Assessment History for 1 Cottontail Lane, Somerset
Here's the assessment & property tax history for 1 Cottontail Lane, 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 | $14,600,000 | $14,600,000 | 1.678 | $244,988 | -4.00% |
| 2024 | $14,600,000 | $14,600,000 | 1.748 | $255,208 | +6.74% |
| 2023 | $12,800,000 | $12,800,000 | 1.868 | $239,104 | +10.34% |
| 2022 | $11,000,000 | $11,000,000 | 1.97 | $216,700 | +4.15% |
| 2021 | $9,700,000 | $9,700,000 | 2.145 | $208,065 | -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 Cottontail Lane, 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) | 0.2, AE, 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 Cottontail Lane, 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 Cottontail Lane, Somerset
Here are the neighbors for Franklin Distribution Center - 1 Cottontail Lane, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 701 Cottontail Ln, Somerset | 92,510 | 11/07/2002 | $3,912,629 |
| 500 Memorial Dr, Somerset | 136,300 | 01/21/2009 | $10,500,000 |
| 400 Apgar Dr, Somerset | 11/28/2022 | ||
| 200 Apgar Dr, Somerset | 15,637 | 02/21/2002 | $2,000,000 |
| 201 Cottontail Ln, Somerset | 06/27/2003 | ||
| 500 Pierce St, Somerset | 185,095 | 06/20/2005 | $1 |
| 472 Weston Canal Rd, Somerset | 224,300 | 07/02/1993 | $5,800,000 |
| 635 Pierce St, Somerset | 07/02/2019 | ||
| 615 Pierce St, Somerset | 97,888 | 12/22/2000 | $4,800,000 |
| 101 Cottontail Ln, Somerset | 98,153 | 06/27/2003 | |
| 600 Apgar Dr, Somerset | 197,092 | 12/23/2021 | $24,000,000 |
| 301 Cottontail Ln, Somerset | 117,000 | 06/27/2003 | |
| 501 Cottontail Ln, Somerset | 199,150 | 06/27/2003 | |
| 25 School House Rd, Gladstone | 30,231 | 06/24/1997 | $660,000 |
| 100 Memorial Dr, Somerset | 05/23/2002 | $700,000 | |
| 625 Pierce St, Somerset | 118,650 | 08/08/2012 | $20,550,000 |
| 401 Cottontail Ln, Somerset | 99,792 | 11/09/2023 | $29,615,058 |
| 1600 Cottontail Ln, Somerset | 180,000 | 08/02/2012 | $13,650,000 |
| 300 Memorial Dr, Somerset | 05/23/2002 | $700,000 | |
| 2200 Cottontail Ln, Somerset | 52,336 | 11/16/2023 | $10,250,000 |