Union County  »  07016  »  Commerce Dr  »  20 Commerce Dr

20 Commerce Drive, Cranford, NJ 07016 - Property report

Also known as: 20 Commerce Dr

Property image for 20 Commerce Drive, Cranford, NJ 07016
static Mapbox map

Property type

Office - General (560)

Year built

1991

Acreage

6.355

Sale price

$30,310,000

General information

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Address
Primary address
20 Commerce Drive
ZIP code
07016
County
Union
Block
643
Lot
3.011
Municipality
2003
Qualifier
Parcel ID
643-3.011

Owner

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Sales
Sale date
12/22/2016
Sale price
$30,310,000
Arm's length
Tax
Tax year
2026
Current property tax
$652,320
Building
Property type
Office - General (560)
Stories
4
Year built
1991
Exterior structural material
Lot
Acreage
6.355
Zoning & Use
Zoning
Qualified opportunity zone

Area overview

Walk score
56 /100.  Somewhat Walkable
Transit score
0 /100.  Minimal Transit
Bike score
49 /100.  Somewhat Bikeable
Broadband internet providers and speed map
Types of broadband connections

Ownership information for 20 Commerce Drive, Cranford, NJ

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 20 Commerce Drive, Cranford, NJ 07016

Sale date Sale price Buyer name Seller name
12/22/2016 $30,310,000 XXXXXXXX XX XXX XX XXXXXXXX XX XXXXX % XXXX-XXXX
01/01/1999 $10

*Most recent sales on record for this property.

More about Union County property records.

Title documents

Date Type Amount Party 1 Party 2 Doc #
12/11/2020 - R
12/07/2020 - D
Mortgage XXXX XXXX XXXXXX XXXXXXXXXX XXXX XXXX XXXXXX XXXXXXXXXX
12/11/2020 - R
12/07/2020 - D
Mortgage XXXXXXXX XX XXX XXXX XXXX XXXXXX XXXXXXXXXX
12/11/2020 - R
12/07/2020 - D
Mortgage XXXXXXXX XX XXX XXXX XXXX XXXXXX XXXXXXXXXX
12/30/2016 - R
12/22/2016 - D
Deed and Realty Tax Fees XX XXXXXXXX XX XXXXX XXXX-XXXX XXXXXXXX XX XXX
01/01/1999 - D Deed and Realty Tax Fees

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 20 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
$652,320
Recent tax assessments
Market value
$9,000,000
Land value
$4,036,400
Building value
$4,963,600

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 $9,000,000 $9,000,000 7.248 $652,320 +6.92%
2024 $9,000,000 $9,000,000 6.779 $610,110 +1.68%
2023 $9,000,000 $9,000,000 6.667 $600,030 +0.83%
2022 $9,000,000 $9,000,000 6.612 $595,080 -11.75%
2021 $10,242,800 $10,242,800 6.583 $674,284 +0.32%
2020 $10,242,800 $10,242,800 6.562 $672,133 +0.64%
2019 $10,242,800 $10,242,800 6.52 $667,831 +1.84%
2018 $10,242,800 $10,242,800 6.402 $655,744 +3.56%
2017 $10,242,800 $10,242,800 6.182 $633,210 +3.78%
2016 $10,242,800 $10,242,800 5.957 $610,164 +2.69%

Permit information for 20 Commerce Drive, Cranford, NJ

No recently recorded permits for this property.

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

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FEMA flood zones

FEMA flood zones
X

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map

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Frequently asked questions

What is the year built for 20 Commerce Drive, Cranford, NJ 07016?

The development at 20 Commerce Drive, Cranford, NJ 07016 was built in 1991.

What is the market value of 20 Commerce Drive, Cranford, NJ 07016?

The current market value of 20 Commerce Drive, Cranford, NJ 07016 is $9,000,000.

How many active listings does 20 Commerce Drive, Cranford, NJ 07016 have?

This address has 10 active listing(s).

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