Commercial Real Estate in Somerset | Reonomy

Commercial Real Estate in Somerset

Unlock property data on 2,140 commercial properties in Somerset. Search through Somerset property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Reonomy attracts a large community of Somerset commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.

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Somerset commercial real estate sold prices and values

Values and sold prices (last 24 months) United States California Somerset
Average price/sqft $902 $1,120 $2,202
Average sold price $977,667 $3,690,285 $432,469
Median sold price $198,430 $518,760 $150,000
Number of sales 2,619,546 157,254 83
Number of sales over $250k 1,116,847 115,124 28
Number of sales over $1m 252,938 48,120 15
Number of sales over $10m 34,725 8,560 --
Average total tax amount $7,209 $9,495 $1,123
Average assessed value $251,442 $817,427 $111,425
Average market value $357,014 $817,434 $111,425

Somerset commercial real estate property averages

Property averages United States California Somerset
Average lot size -- 703,787 sf 1,357,089 sf
Median lot size -- 14,199 sf 435,600 sf
Average building area -- 1,196 sf 164 sf
Median building area -- 182 sf 149 sf
Median year built -- 1963 1989
Average number of units -- 12 7
Median number of units -- 2 --

Somerset commercial real estate total supply

Supply United States California Somerset
Number of parcels 58,466,290 3,361,492 2,166
Aggregate lot acerage -- 52,906,881 59,349
Aggregate building area -- 607,211,924 sf 9,870 sf
Aggregate units -- 10,996,247 960

Somerset commercial real estate industrial mortgages

Debt United States California Somerset
Number of mortgages -- 6,476,118 2,057
Average value of mortgages -- $4,925,236 $125,915

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