Commercial Real Estate in Somerset | Reonomy

Commercial Real Estate in Somerset

Unlock property data on 2,407 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 New Jersey Somerset
Average price/sqft -- -- --
Average sold price $681,839 $1,023,648 $1,967,714
Median sold price $125,109 $273,657 $329,490
Number of sales 5,287,439 54,053 301
Number of sales over $250k 1,868,877 28,292 179
Number of sales over $1m 379,695 7,117 36
Number of sales over $10m 54,123 829 12
Average total tax amount $4,892 $17,593 $34,300
Average assessed value $228,313 $658,872 $1,547,506
Average market value $307,834 $823,881 $1,577,405

Somerset commercial real estate property averages

Property averages United States New Jersey Somerset
Average lot size 824,599 sf 660,723 sf 216,020 sf
Median lot size 24,523 sf 14,013 sf 28,431 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1972 1960 1984
Average number of units 18 7 8
Median number of units 2 -- --

Somerset commercial real estate total supply

Supply United States New Jersey Somerset
Number of parcels 125,570,646 642,629 2,421
Aggregate lot acerage 814,059,462 10,749,870 7,200
Aggregate building area -- -- --
Aggregate units 110,607,056 1,219,415 7,863

Somerset commercial real estate industrial mortgages

Debt United States New Jersey Somerset
Number of mortgages 43,698,518 665,007 2,745
Average value of mortgages $5,648,175 $8,132,561 $17,093,136

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