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    244 Belmont Dr Somerset, NJ 08873-1276
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    Property profile & analytics

    244 Belmont Dr, Somerset, NJ 08873-1276

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    • Commercial real estate
    • 13.82 lot acres
    Off-Market
    Last Sale Aug 7, 2025
    $69,500,000
    Property ID
    US59-1522218
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 244 Belmont Dr

    Lot size
    13.82 lot acres
    Zone code
    M1
    Property type
    Commercial real estate
    APN
    08 00517- 05-00035- 11
    APU
    800517050003511

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 7, 2025 $69,500,000 Cbpr Belmont Drive LLC Bsrep III 17 School House Road LLC Deed —
    Apr 26, 2024 — Belmont Drive LLC — Deed · related $51M · Jpmorgan Chase Bank NA
    Sep 6, 2023 — Bsrep III 17 School House Road LLC — Deed · related $120M · Forethought Life Insurance Company
    Feb 4, 2022 — Bsrep III 17 School House Road LLC — Deed · related $42.3M · Quadreal Finance INC
    Aug 31, 2021 $15,000,000 Bsrep III 17 School House Road LLC New Jersey Chinese Community Center Deed —
    Jun 4, 2004 $4,300,000 New Jersey Chinese Commty Ctr First Allmerica Financial Life Grant Deed $3M · Fleet National Bank
    — — New Jersey Chinese Cmnty Ctr I — Deed Of Trust · related $15M · Wosa Technologies INC

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5451
    Latitude
    40.5306
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $281,855
    $13,820,000
    $50,000
    $13,870,000
    -
    $13,820,000
    $50,000
    $13,870,000
    More about this property
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