Somerset County  »  07934  »  School House Rd  »  70 School House Rd

Franklin Commerce Center - 70 School House Road, Gladstone, NJ 07934 - Property report

Also known as: 70 School House Rd

Property image for Franklin Commerce Center - 70 School House Road, Gladstone, NJ 07934
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Property type

Not Categorized (999)

Acreage

6.92

Sale price

$25,025,000

General information

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Address
Primary address
Franklin Commerce Center - 70 School House Road
ZIP code
07934
County
Somerset
Block
514
Lot
4.02
Municipality
1808
Parcel ID
514-4.02

Owner

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Sales
Sale date
11/17/2022
Sale price
$25,025,000
Arm's length
Tax
Tax year
2026
Current property tax
$234,765
Building
Property type
Not Categorized (999)
Exterior structural material
Lot
Acreage
6.92
Zoning & Use
Zoning

Area overview

Walk score
7 /100.  Car-Dependent
Transit score
0 /100.  Minimal Transit
Bike score
32 /100.  Somewhat Bikeable
Broadband internet providers and speed map
Types of broadband connections
Ownership

Ownership information for Franklin Commerce Center - 70 School House Road, Gladstone, NJ

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

Sales history for Franklin Commerce Center - 70 School House Road, Gladstone, NJ 07934

Sale date Sale price Buyer name Seller name
11/17/2022 $25,025,000
09/01/2016 $9,072,000 XXXXXXX XXXXXXXXXXX XXX XXX XXXXXXXXXXXX XXX
02/27/2008 $2,300,000 XXX XXXXXXXXXXXX XXX XX XXXXXXXXXXX XXXX, XXX

*Most recent sales on record for this property.

More about Somerset County property records.

Title documents

No recently recorded documents for this property.

Tax

Property taxes for Franklin Commerce Center - 70 School House Road, Gladstone, NJ

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

Current property tax
Tax year
2026
Base tax
$226,530
Current property tax
$234,765
Recent tax assessments
Market value
$13,500,000
Land value
$3,500,000
Building value
$10,000,000

More about Somerset 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 $12,400,000 $12,400,000 1.678 $208,072 -4.00%
2024 $12,400,000 $12,400,000 1.748 $216,752 +20.87%
2023 $9,600,000 $9,600,000 1.868 $179,328 +1.14%
2022 $9,000,000 $9,000,000 1.97 $177,300 +3.32%
2021 $8,000,000 $8,000,000 2.145 $171,600 -2.37%
2020 $8,000,000 $8,000,000 2.197 $175,760 -1.57%
2019 $8,000,000 $8,000,000 2.232 $178,560 -3.96%
2018 $8,000,000 $8,000,000 2.324 $185,920 +2.74%
2017 $8,000,000 $8,000,000 2.262 $180,960 +21.21%
2016 $6,545,000 $6,545,000 2.281 $149,291 +0.71%
Permits

Permit information for Franklin Commerce Center - 70 School House Road, Gladstone, NJ

No recently recorded permits for this property.

Neighborhood

Risk

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FEMA flood zones

FEMA flood zones
X

Fire hazard zones

Geohazard zones map

Transportation

Daily traffic map
View daily traffic map

Access the detailed traffic volume map for Franklin Commerce Center - 70 School House Road, Gladstone, NJ 07934 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Schools

Nearest elementary schools

Name Rating Type Grade range No of students Distance (miles)
Somerset Christian Academy NR Private PK, K-12 0 1.01
Somerset Christian Academy NR Private PK, K-12 0 1.01
Central Jersey College Prep Charter School 8 Charter K-12 1,288 1.01
Elizabeth Avenue Elementary School 3 Public PK, K-5 554 1.70
Elizabeth Avenue Elementary School 3 Public PK, K-5 554 1.70
Weston Elementary School NR Public PK, K-2 381 1.82
Weston Elementary School NR Public PK, K-2 381 1.82
Thomas Edison EnergySmart Charter School 10 Charter K-12 604 1.98
Roosevelt School 2 Public 3-4 246 2.02
Alexander Batcho Intermediate School 2 Public 5-8 485 2.31
Nearest middle schools

Name Rating Type Grade range No of students Distance (miles)
Somerset Christian Academy NR Private PK, K-12 0 1.01
Central Jersey College Prep Charter School 8 Charter K-12 1,288 1.01
Thomas Edison EnergySmart Charter School 10 Charter K-12 604 1.98
Alexander Batcho Intermediate School 2 Public 5-8 485 2.31
Robert Morris School 5 Public PK, K-8 430 2.34
Somerset Elementary Academy NR Public K-8 39 2.37
Christ The King Elementary School NR Private PK, K-8 202 2.38
Somerset Bible Baptist Christian Academy NR Private K-12 80 2.58
Green Brook Academy NR Private 8-12 35 2.65
Community Middle School 4 Public 7-8 285 2.80
Nearest high schools

Name Rating Type Grade range No of students Distance (miles)
Franklin Twp High School 3 Public 9-12 2,220 0.73
Somerset Christian Academy NR Private PK, K-12 0 1.01
Central Jersey College Prep Charter School 8 Charter K-12 1,288 1.01
Thomas Edison EnergySmart Charter School 10 Charter K-12 604 1.98
Manville High School 2 Public 9-12 501 2.27
Somerset Secondary Academy NR Public 9-12 55 2.37
The Career Center Of The Scesc NR Public 9-12 8 2.37
Somerset Bible Baptist Christian Academy NR Private K-12 80 2.58
Green Brook Academy NR Private 8-12 35 2.65
Bound Brook High School 2 Public 9-12 677 3.02

Data provided by GreatSchools.org © 2026. All rights reserved.

Neighbors for Franklin Commerce Center - 70 School House Road, Gladstone, NJ

13 Jensen Dr, Somerset 53 Patriots Way, Somerset 55 Patriots Way, Somerset 67 Patriots Way, Somerset 63 Patriots Way, Somerset 65 Patriots Way, Somerset 71 Patriots Way, Somerset 61 Patriots Way, Somerset 69 Patriots Way, Somerset 311 Samuel Pl, Somerset 57 Patriots Way, Somerset 59 Patriots Way, Somerset

Nearby ZIP codes for Franklin Commerce Center - 70 School House Road, Gladstone, NJ

07830, Morris County, NJ 07836, Morris County, NJ 07852, Morris County, NJ 07853, Morris County, NJ 07869, Morris County, NJ 07876, Morris County, NJ 07920, Somerset County, NJ 07921, Somerset County, NJ 07924, Somerset County, NJ 07926, Morris County, NJ 07930, Morris County, NJ 07931, Morris County, NJ 07931, Somerset County, NJ 07970, Morris County, NJ 07977, Somerset County, NJ 07979, Somerset County, NJ 08807, Somerset County, NJ 08869, Somerset County, NJ 08876, Somerset County, NJ

Frequently asked questions

When was Franklin Commerce Center - 70 School House Road, Gladstone, NJ 07934 last sold and what was the sale price?

Franklin Commerce Center - 70 School House Road, Gladstone, NJ 07934 was last sold on 11/17/2022 for $25,025,000.

What is the assessed value of Franklin Commerce Center - 70 School House Road, Gladstone, NJ 07934?

Franklin Commerce Center - 70 School House Road, Gladstone, NJ 07934 is currently assessed at $13,500,000.

What are the property taxes for Franklin Commerce Center - 70 School House Road, Gladstone, NJ 07934?

The property taxes for Franklin Commerce Center - 70 School House Road, Gladstone, NJ 07934 total $226,530.

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