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    50 Lawrence Rd Springfield, NJ 07081

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    For Lease
    $19 SF/Yr

    77,568 square foot flex space available for lease.

    Property size:
    77,568 SF
    Lot size:
    8.81 Acres

    Property Features for 50 Lawrence Rd

    General Information

    Size
    77,568 SF
    Lot size
    8.81 Acres

    Source: JLL | Parsippany Agent Matt McDonough

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Flex Space Available For Lease

    This flex space property offers 77,568 square feet and is available for lease at a rate of $19.00 per square foot net. The space is divisible to approximately 40,000 square feet and will be available in 120 days. Furniture is available. The property features a parking ratio of 5.1 per 1,000 square feet and includes one dock-high loading door. The flex area can be expanded, and additional loading can be added. The space is fully air-conditioned. The property provides access to I-78, the Garden State Parkway, Route 22, and the New Jersey Turnpike. It is located 10 miles from Newark International Airport and Port Newark. 2022 taxes were $1.49 per square foot.
    Insight Report Location Intelligence

    Current Use by Public Records

    Ila Mehta Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Scream Truck

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.3223133
    Latitude
    40.6818814

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    FAQs

    What type of property is this?
    Flex space - 77,568 square foot flex space available for lease.
    Where is this flex space located?
    The property is located at 50 Lawrence Rd Springfield, NJ.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Excellent access to I-78, Garden State Parkway (GSP), Route 22, and New Jersey Turnpike (NJ TPK).; - High parking ratio of 5.1/1,000 sf.; - Divisible to ± 40,000 sf.
    (973) 829-4800
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    Springfield, NJ 07081
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    Realmo Value Estimation

    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.

    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.

    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
    50 Lawrence Rd Springfield, NJ 07081
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