| Primary address | 245 Belmont Drive, Somerset |
| Zip code | 08873 |
| County | Somerset |
| Municipality | Franklin Township |
| Block | 518.06 |
| Lot | 1 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 03/11/2002 |
| Sale price | $1,245,250 |
| Arm's length | Register |
| Current property tax | $180,856 |
| Building sqft | 99,995 |
| Building class | Warehouse |
| Acreage | 7.62 |
| Exterior structural material | Register |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
Property reports include comprehensive occupancy, improvement and development information (where available).
Create a free account to access valuable data points such as:
This Warehouse (SCILSI) located at 245 Belmont Drive, Somerset, NJ 08873 has a total of 99,995 square feet and a current price per square foot of $12.
What is the market value of 245 Belmont Drive, Somerset, NJ 08873?The current market value is $10,400,000.
View detailed property contacts like owners, building management, representatives from permits and tenants with a free account.
| Listing type | For Lease |
|---|---|
| Listing date | 12/27/2023 |
| Last updated | 10/16/2025 |
| Lot size | 7.62 Acre |
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| Full Building | Warehouse/Distribution | Listing price not available | 99,636 | Ryan Buerkle |
Create a free account to view the complete sales history for 245 Belmont Drive, Somerset, including title documents, transfer conditions, mortgages and liens.
| Purchase date | Purchase price | Buyer name | Seller name |
|---|---|---|---|
| 03/11/2002 | $1,245,250 | Register | Register |
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for 245 Belmont Drive, Somerset, NJ 08873. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Base tax | $174,512 |
| Current property tax | $180,856 |
| Market value | $10,400,000 |
Here's the assessment & property tax history for 245 Belmont 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 | $10,400,000 | $10,400,000 | 1.678 | $174,512 | -4.00% |
| 2024 | $10,400,000 | $10,400,000 | 1.748 | $181,792 | +0.33% |
| 2023 | $9,700,000 | $9,700,000 | 1.868 | $181,196 | +17.92% |
| 2022 | $7,800,000 | $7,800,000 | 1.97 | $153,660 | +17.44% |
| 2021 | $6,100,000 | $6,100,000 | 2.145 | $130,845 | -2.37% |
| 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 |
Create a free account to unlock extended information for 245 Belmont 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 |
Access the detailed traffic volume map for 245 Belmont 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 |
Here are the neighbors for 245 Belmont Drive, Somerset.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 200-202 Cottontail Ln, Somerset | 240,289 | 12/23/2021 | $30,750,000 |
| 19 School House Rd, Gladstone | 84,805 | 01/14/2022 | $14,300,000 |
| 428 Elizabeth Ave, Somerset | 8,080 | 04/26/2002 | $100,000 |
| 173 Belmont Dr, Somerset | 68,563 | 06/03/2002 | $100 |
| 426 Elizabeth Ave, Somerset | 1,489 | 04/26/2024 | $380,000 |
| 206 Pierce St, Somerset | 04/27/1987 | $33,500,000 | |
| 390 Campus Dr, Somerset | 83,300 | 12/30/2021 | $17,100,000 |
| 424 Elizabeth Ave, Somerset | 848 | 07/02/1990 | $1 |
| 210 Pierce St, Somerset | 09/21/2022 | $270,000 | |
| 644 Howard Ave, Somerset | 10/20/2005 | $3,600,000 | |
| 244 Belmont Dr, Somerset | 204,772 | 08/26/2021 | $15,000,000 |
| 370 Campus Dr, Somerset | 42,931 | 10/20/2005 | $3,600,000 |
| 243 Belmont Dr, Somerset | 17,063 | 02/22/2024 | $2,500,000 |
| 418 Elizabeth Ave, Somerset | 1,456 | 10/08/2021 | $600,000 |
| 309-311 Pierce St, Somerset | 114,857 | 06/03/2009 | $4,100,000 |
| 600 Cottontail Ln, Somerset | 237,580 | 05/17/1993 | $9,350,000 |
| 325 Pierce St, Somerset | 99,486 | 04/14/2000 | $2,689,128 |
| 400 Cottontail Ln, Somerset | 54,670 | 03/15/2022 | |
| 230 Belmont Dr, Somerset | 19,095 | 04/19/2023 | $44,000,000 |
| 209 Pierce St, Somerset | 676 | 10/08/2021 | $600,000 |