Commercial real estate in Somerset
Search commercial real estate records in Somerset to find the property data you need. Reonomy provides the most comprehensive commercial real estate information available through the aggregation of commercial property records and data. Search through Somerset commercial property sales records, owner records and tax records. Signup for a free trial to uncover more information and search by filters including sales history, debt and owner.
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Popular searches around Somerset
Reonomy operates the most comprehensive database for Somerset Commercial Real Estate and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Somerset commercial real estate professionals. Members from Somerset include brokers, investors and service providers, many of whom specialize in Somerset Commercial Real Estate.
Somerset commercial real estate sold prices and values
The average assessed value of commercial real estate properties in Somerset is $58,893. Commercial real estate sale prices in Somerset have a median of $170,000. The last 24 months of sales history has seen 5 sales, with 0 sales greater than $250,000, 0 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of commercial real estate properties in Somerset over the last 24 months is $221.
|Values and sold prices (last 24 months)||United States||Kentucky||Somerset|
|Average sold price||$1,118,542||$421,103||$166,400|
|Median sold price||$196,083||$134,746||$170,000|
|Number of sales||3,934,359||52,888||5|
|Number of sales over $250k||1,663,881||13,426||--|
|Number of sales over $1m||387,932||2,394||--|
|Number of sales over $10m||55,602||270||--|
|Average total tax amount||$9,232||$2,130||$399|
|Average assessed value||$312,101||$212,822||$58,893|
|Average market value||$400,634||$238,820||$69,812|
Somerset commercial real estate property averages
The average lot size of commercial real estate properties in Somerset is 52,846 sf. This is 19% above the Kentucky average.
|Property averages||United States||Kentucky||Somerset|
|Average lot size||816,803 sf||739,493 sf||1,007,127 sf|
|Median lot size||24,448 sf||43,559 sf||52,846 sf|
|Average building area||1,134 sf||125 sf||221 sf|
|Median building area||76 sf||61 sf||221 sf|
|Median year built||1970||1985||2017|
|Average number of units||16||7||--|
|Median number of units||2||2||--|
Somerset commercial real estate total supply
There are 12,920 commercial real estate properties in Somerset. This is 195% below the Kentucky average. The total acerage is 184 acres and the aggregate building area for commercial real estate properties in Somerset is 221 sf.
|Number of parcels||58,091,739||1,148,762||12,920|
|Aggregate lot acerage||976,485,427||7,112,972||184|
|Aggregate building area||8,209,502,265 sf||13,539,592 sf||221 sf|
Somerset commercial real estate industrial mortgages
There are 6 mortgages for commercial real estate properties across Somerset in the Reonomy database. The average value of those mortgages is $125,229. This is 185% below the Kentucky average.
|Number of mortgages||40,876,180||310,990||6|
|Average value of mortgages||$5,210,547||$3,315,740||$125,229|