Union County » 07016 » Commerce Dr » 25 Commerce Dr

Cranford Business Park - 25 Commerce Drive, Cranford, NJ 07016 - Property report

Also known as: 25 Commerce Dr

Property image for Cranford Business Park - 25 Commerce Drive, Cranford, NJ 07016

Property type

Office - General (560)

Year built

1972

Acreage

3.48

Sale price

$4,413,385

General information

Address

Primary address

Cranford Business Park - 25 Commerce Drive

ZIP code

07016

County

Union

Block

641

Lot

Municipality

2003

Qualifier

Parcel ID

641-1

Sales

Sale date

01/30/2017

Sale price

$4,413,385

Arm's length

Tax

Tax year

2026

Current property tax

$178,888

Building

Property type

Office - General (560)

Stories

Year built

1972

Exterior structural material

Lot

Acreage

3.48

Zoning & Use

Zoning

Qualified opportunity zone

Area overview

Walk score

59 /100. Somewhat Walkable

Transit score

0 /100. Minimal Transit

Bike score

44 /100. Somewhat Bikeable

Broadband internet providers and speed map

Types of broadband connections

Ownership

Ownership information for Cranford Business Park - 25 Commerce Drive, Cranford, NJ

Property owner name

Registered owner

Source

Deed

Owner contact information

Phone number

Owner address

Documents

Sales history for Cranford Business Park - 25 Commerce Drive, Cranford, NJ 07016

Sale date	Sale price	Buyer name	Seller name
01/30/2017	$4,413,385	XXX XX XXXXXXXX XXX	XX XXXXXXXX XXXX XXX%XXXX-XXXX XXXX
08/09/2002	$7,370,000

*Most recent sales on record for this property.

More about Union County property records.

Title documents

Date	Type	Party 1	Party 2
03/07/2019 - R 03/06/2019 - D	Mortgage	XX-XX XXXXXXXX XXX	XXXXXXXXXX XXXX
03/07/2019 - R 03/06/2019 - D	Mortgage	XX-XX XXXXXXXX XXX	XXXXXXXXXX XXXX
02/02/2017 - R 01/30/2017 - D	Deed and Realty Tax Fees	XX XXXXXXXX XXXX XXXXXXX-XXXX XXXX	XXX XX XXXXXXXX XXX
08/09/2002 - D	Deed and Realty Tax Fees

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for Cranford Business Park - 25 Commerce Drive, Cranford, NJ

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax

Tax year

2026

Property tax

$178,888

Recent tax assessments

Market value

$2,468,100

Land value

$1,840,500

Building value

$627,600

More about Union County property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year	Market value	Assessed value	Tax rate	Property tax	Y-o-Y change
2025	$2,468,100	$2,468,100	7.248	$178,888	+6.92%
2024	$2,468,100	$2,468,100	6.779	$167,312	+1.68%
2023	$2,468,100	$2,468,100	6.667	$164,548	+0.83%
2022	$2,468,100	$2,468,100	6.612	$163,191	-21.91%
2021	$3,174,700	$3,174,700	6.583	$208,991	+0.32%
2020	$3,174,700	$3,174,700	6.562	$208,324	+0.64%
2019	$3,174,700	$3,174,700	6.52	$206,990	+1.84%
2018	$3,174,700	$3,174,700	6.402	$203,244	+3.56%
2017	$3,174,700	$3,174,700	6.182	$196,260	+3.78%
2016	$3,174,700	$3,174,700	5.957	$189,117	+2.69%

Permits

Permit information for Cranford Business Park - 25 Commerce Drive, Cranford, NJ

No recently recorded permits for this property.

Listings

Commercial listings at Cranford Business Park - 25 Commerce Drive, Cranford, NJ 07016

Photo	Listing Type	Property Type	Price	Sq. ft.	Listing Date	Last Updated
	For Lease	Office	$26/Sq. ft./Year	67,749	06/19/2020	08/07/2026	View listing

Neighborhood

Demographics by ZIP code

Total population

24,074

Median age

43.4

Average household income

$203,986

Family households

69.7%

People per household (average)

2.53

Occupied housing units

9,426

Owner-occupied units

77.5%

Median year structure built

1951

Median value mortgaged units

$681,500

Median value unmortgaged units

$613,700

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map

View daily traffic map

Access the detailed traffic volume map for Cranford Business Park - 25 Commerce Drive, Cranford, NJ 07016 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Nearby ZIP codes for Cranford Business Park - 25 Commerce Drive, Cranford, NJ

07001, Middlesex County, NJ 07023, Union County, NJ 07027, Union County, NJ 07033, Union County, NJ 07041, Essex County, NJ 07066, Union County, NJ 07067, Middlesex County, NJ 07076, Union County, NJ 07083, Union County, NJ 07088, Union County, NJ 07090, Union County, NJ 07092, Union County, NJ 07203, Union County, NJ 07204, Union County, NJ

Frequently asked questions

What is the year built for Cranford Business Park - 25 Commerce Drive, Cranford, NJ 07016?

The development at Cranford Business Park - 25 Commerce Drive, Cranford, NJ 07016 was built in 1972.

What is the market value of Cranford Business Park - 25 Commerce Drive, Cranford, NJ 07016?

The current market value of Cranford Business Park - 25 Commerce Drive, Cranford, NJ 07016 is $2,468,100.

How many active listings does Cranford Business Park - 25 Commerce Drive, Cranford, NJ 07016 have?

This address has 4 active listing(s).

Disclaimer

All data comes from government sources. No attempt has been made to validate it. No attempt has been made to validate the accuracy of the programming of this website.

Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.