Hotel Properties in Somerset | Reonomy

Hotel Properties in Somerset

Unlock property data on 18 hotel 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 hotel properties.

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Somerset hotel property sold prices and values

Values and sold prices (last 24 months) United States New Jersey Somerset
Average price/sqft -- -- --
Average sold price $3,692,851 $4,116,913 $6,875,000
Median sold price $383,787 $550,000 $6,875,000
Number of sales 12,999 129 2
Number of sales over $250k 7,255 82 2
Number of sales over $1m 4,718 49 --
Number of sales over $10m 858 16 --
Average total tax amount $64,403 $122,576 $221,117
Average assessed value $2,650,838 $4,469,962 $9,766,666
Average market value $3,585,371 $5,346,594 $9,955,827

Somerset hotel property property averages

Property averages United States New Jersey Somerset
Average lot size 526,827 sf 1,202,541 sf 284,145 sf
Median lot size 47,920 sf 55,529 sf 185,566 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1984 1970 2006
Average number of units 65 34 75
Median number of units 24 -- --

Somerset hotel property total supply

Supply United States New Jersey Somerset
Number of parcels 125,490 1,429 18
Aggregate lot acerage 1,616,227 35,226 97
Aggregate building area -- -- --
Aggregate units 2,897,699 26,985 1,207

Somerset hotel property industrial mortgages

Debt United States New Jersey Somerset
Number of mortgages 274,653 4,624 89
Average value of mortgages $57,975,919 $54,777,756 $211,152,378

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