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    52 Millburn Ave Springfield, NJ 07081

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    For Lease
    Contact for pricing

    Newly renovated commercial space with drive-thru access in Springfield, NJ.

    Property size:
    2,581 SF
    Lot size:
    0.36 Acres

    Property Features for 52 Millburn Ave

    General Information

    Size
    2,581 SF
    Lot size
    0.36 Acres

    Source: Jeffery Realty Agent Bruce Jeffery

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

    Overview

    Renovated Springfield Commercial Space Available

    This commercial space, located in Springfield, NJ, offers 2581 square feet of space suitable for office or retail use. The property benefits from its adjacency to a new residential development. Recent renovations completed in 2024 include interior and exterior updates, as well as new HVAC units. The property is drive-thru accessible and features on-street parking in front of the building.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.3233099
    Latitude
    40.7180395

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    FAQs

    What type of property is this?
    Office space - Newly renovated commercial space with drive-thru access in Springfield, NJ.
    Where is this office space located?
    The property is located at 52 Millburn Ave Springfield, NJ.
    What are key features of this property?
    This property features: - Newly renovated interior & exterior in 2024; - New HVAC Units installed in 2024; - Drive thru accessible
    (908) 625-8300
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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
    52 Millburn Ave Springfield, NJ 07081
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