Elevator-Served Office
For Sale
Contact for pricing
100 Morris Ave, Springfield, NJ 07081
Professionally maintained office space near major highways, shopping, and dining.
Property Size1,950 SF
Price / SF$1.46
Days on Market88
Property Features for 100 Morris Ave
General Information
Standard status
Active
Size
1,950 SF
Elevators
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1990
Listing Agency:
BRIGHT STAR REALTY & RENTALS LLC
Listed By:
DOMINIC MAIDA
(973) 487-9885
Source:
Goldstandardrealty
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 7 at 5:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BRIGHT STAR REALTY & RENTALS LLC
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Investment Insights
Based on property information with market context.
This office property provides 1,950 square feet of professionally maintained space within a building constructed in 1990. Elevator service supports convenient access, while the office configuration is positioned for professional office or medical use.
The property is located at 100 Morris Ave in Springfield Twp., New Jersey, near major highways, shopping, and dining. Its setting provides access to routes throughout New Jersey and toward New York City. The space is suited to an established practice, office user, or expanding business seeking a centrally positioned workplace.
The property is located at 100 Morris Ave in Springfield Twp., New Jersey, near major highways, shopping, and dining. Its setting provides access to routes throughout New Jersey and toward New York City. The space is suited to an established practice, office user, or expanding business seeking a centrally positioned workplace.
Key Highlights
- 1,950 square feet of office space
- Elevator access within a professionally maintained building
- Constructed in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,835
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,700
$596.7K
Cap Rate 7%
$426,214
$426.2K
Cap Rate 9%
$331,500
$331.5K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$58.5K $30.00/SF
− Vacancy
−$18.7K −$9.60/SF
EGI
$39.8K $20.40/SF
− OpEx
−$9.9K −$5.10/SF
NOI
$29.8K $15.30/SF
Area
Union County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,700
Cap Rate 7%
$426,214
Cap Rate 9%
$331,500
Alternative Uses
Best Use
Office B
$426.2K
$372.9K – $497.3K
NOI $29,835 @ 7.0% cap · market cap 1,050.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$509.2K
$445.5K – $594.1K
NOI $35,643 @ 7.0% cap · market cap 1,255.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,225
Businesses Nearby
Explore this area
Business Placement
Demographics for 07081, NJ
17,200
Population
6,844
Households
2.5
Avg Household Size
43
Median Age
64%
College-Educated
95%
High-School Grad
5.2 sq mi
ZIP Area
3,308
Density / Sq Mi
$146,059
Median Household Income
$70,781
Median Earnings
$2,135
Median Rent
$590,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Professionally maintained office space near major highways, shopping, and dining.
Where is this office units located?
The property is located at 100 Morris Ave Springfield, NJ.
What are key features of this property?
This property features: 1,950 square feet of office space; Elevator access within a professionally maintained building; Constructed in 1990
