Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Maplewood Commercial Building For Sale Title is generated by Realmo AI

    1729 Springfield Ave, Maplewood, NJ 07040

    View on Map
    Claim this Listing
    Pending
    $349,000

    Commercial - Maplewood Twp., NJ

    Lot size:
    0.06 Acres
    Added:
    Feb 27, 2026
    Days on Market:
    79
    Last Refresh:
    May 17 at 11:06 am

    Property Features for 1729 Springfield Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    PRB
    Standard status
    Pending
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7443

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    1
    Building materials
    Block, Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    SCOTT SHUMAN

    Listing agent SCOTT SHUMAN

    Listing office KELLER WILLIAMS REALTY 488 SPRINGFIELD AVE, Summit, NJ

    Listing date Feb 27, 2026

    MLS# 4011662 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑demand location in the heart of Maplewood with street visibility.
    • Flexible layout suitable for various professional, retail, or dining uses.
    • Close proximity to NYC train line and major highways.
    • Opportunity to build a second story residential apartment.
    • Potential for value‑add improvements.
    • Two dedicated parking spaces.

    Overview

    Located in Maplewood Township, this commercial building at 1729 Springfield Avenue offers a flexible layout suitable for professional, retail, or dining uses. The property benefits from street visibility and presents an opportunity for investment or owner-use, with potential for value-add improvements. The property has the possibility to build a second story residential apartment and one or more full bathrooms. Currently, the building includes a half bathroom and two dedicated parking spaces. Its location provides convenient access to the NYC train line and major highways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    body by struggle Gym & Fitness Center ShutterStylez Studios (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maplewood
    County
    Essex
    State
    New Jersey
    Longitude
    -74.26268
    Latitude
    40.72145

    Nearby Similar for Sale

    • $1,500,000
      9,999 SF

      Mixed-Use Property in Maplewood Location

      Well-maintained mixed-use property with residential and commercial spaces.
      499 Valley St, Maplewood Twp., NJ 07040-1447
      View Details
    • $850,000

      Two-Story Multi-Family Home

      Two-story residence with investment potential in Maplewood Twp., NJ.
      266 Elmwood Ave, Maplewood Twp., NJ 07040-1909
      View Details
    • $2,250,000
      4,736 SF

      Maplewood Mixed-Use Corner Property

      Fully leased mixed-use property in Maplewood Village with income potential.
      171 Maplewood Ave, Maplewood Twp., NJ 07040-2509
      View Details
    • $1,500,000

      Mixed-Use Investment Property Opportunity

      Well-maintained mixed-use property in Maplewood with strong rental income.
      499 Valley St, Maplewood Twp., NJ 07040-1447
      View Details
    • $689,900

      Multi-Family Home with Fenced Yard

      Two-story multi-family home with updates and income potential.
      3 Laurel Ave, Maplewood Twp., NJ 07040-3502
      View Details
    • $1,100,000

      Renovated Two-Family Home in Maplewood

      Renovated two-family home in a prime Maplewood location.
      25 Evelyn Ct, Maplewood Twp., NJ 07040-3319
      View Details
    • $1,750,000
      4,300 SF

      Turnkey Restaurant Space For Sale

      Renovated 4,300 SF restaurant with full basement and equipment.
      1469 Springfield Ave, Maplewood Twp., NJ 07040
      View Details
    • $849,000

      Spacious Two-Family Property Near University

      Well-maintained two-family property near Seton Hall University.
      50 Brookwood Dr, Maplewood Twp., NJ 07040-1939
      View Details
    • $850,000

      Inviting Two-Level Residential Property

      Comfortable, versatile home with investment potential in a convenient location.
      266 Elmwood Ave, Maplewood Twp., NJ 07040-1909
      View Details
    • $849,000

      Maplewood Commercial Property for Sale

      Commercial property in Maplewood Twp., NJ, for sale.
      29 Orchard Rd, Maplewood Twp., NJ 07040-1918
      View Details
    • $349,000

      Maplewood Commercial Building For Sale

      Commercial building in Maplewood with street visibility and flexible layout.
      1729 Springfield Ave, Maplewood Twp., NJ 07040
      View Details
    • $1,500,000

      Mixed-Use Property in Maplewood Location

      Well-maintained mixed-use investment property with strong rental income potential.
      499 Valley St, Maplewood Twp., NJ 07040-1447
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial building with street visibility, suitable for retail or dining.
    Where is this retail space located?
    The property is located at 1729 Springfield Ave Maplewood, NJ.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: High‑demand location in the heart of Maplewood with street visibility.; Flexible layout suitable for various professional, retail, or dining uses.; Close proximity to NYC train line and major highways.
    (908) 273-2991
    We can help!
    Listing Contact
    SCOTT SHUMAN
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1729 Springfield Ave, Maplewood Twp., NJ 07040-2914
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!