Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    226 Morris Ave Springfield, NJ 07081

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1,800 SF retail or office space for lease.

    Property Features for 226 Morris Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Tamara Blau
    Tamara Blau
    Source: Crexi

    Listing Agency: The Blau & Berg Company Listing Agent: Tamara Blau

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

    Learn more

    Overview

    Retail or Office Space Available

    This commercial space offers 1,800 square feet suitable for either retail or office use. Located in Springfield, NJ, the property at 226 Morris Ave is available for lease.
    Location Intelligence

    Current Use by Public Records

    Wolf Premier Properties Real Estate Agency HBMStudios Hair Salon Kids' Konnections® at SCL Training Center Victory Point Apartments Apartment Building Summit Springfield Airport ... Limousine Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.3110295
    Latitude
    40.7112667

    Nearby Similar for Lease

    • $2,500 /Mo
      11,000 SF

      Renovated Office Suite For Rent

      Move-in ready, furnished or unfurnished office suite with utilities included.
      11 Dundar Rd, Springfield, NJ 07081
      View Details
    • $2,500 /Mo

      Renovated Office Suite Available Now

      Move-in ready office suite with flexible options and utilities included.
      11 Dundar Rd, Springfield, NJ 07081
      View Details
    • $700 /Mo

      Renovated Office Space Available

      Bright, renovated office space with utilities included, convenient location.
      26 Millburn Ave, Springfield, NJ 07081
      View Details
    • $3,900 /Mo

      Springfield Office Space for Lease

      1,950 sq. ft. office space in Springfield, NJ.
      100 Morris Ave, Springfield, NJ 07081
      View Details
    • $2,500 /Mo
      11,000 SF

      Renovated Office Suite For Rent

      Move-in ready office suite with flexible furnishing options.
      11 Dundar Rd, Springfield, NJ 07081
      View Details
    • Contact for pricing
      21,614 SF

      Professional Office Building in Springfield

      Versatile office spaces available in Springfield, New Jersey.
      99 Morris Ave, Springfield, NJ 07081
      View Details
    • Contact for pricing
      21,614 SF

      Professional Office Building in Springfield

      Versatile leasing opportunity in Springfield, New Jersey.
      99 Morris Ave, Springfield, NJ 07081
      View Details
    • Contact for pricing
      21,614 SF

      Professional Office Building in Springfield

      Versatile office leasing opportunity in Springfield, New Jersey.
      99 Morris Ave, Springfield, NJ 07081
      View Details
    • Contact for pricing
      21,614 SF

      Professional Office Building in Springfield

      Versatile office spaces available in Springfield, New Jersey.
      99 Morris Ave, Springfield, NJ 07081
      View Details
    • Contact for pricing
      21,614 SF

      Professional Office Building in Springfield

      Versatile leasing opportunity in a three-story office building.
      99 Morris Ave, Springfield, NJ 07081
      View Details
    • Contact for pricing
      21,614 SF

      Professional Office Building in Springfield

      Versatile office spaces available in central Springfield location.
      99 Morris Ave, Springfield, NJ 07081
      View Details
    • Contact for pricing
      21,614 SF

      Professional Office Building in Springfield

      Versatile office spaces available for lease in Springfield, New Jersey.
      99 Morris Ave, Springfield, NJ 07081
      View Details

    FAQs

    What type of property is this?
    Retail space - 1,800 SF retail or office space for lease.
    Where is this retail space located?
    The property is located at 226 Morris Ave Springfield, NJ.
    What are key features of this property?
    This property features: - 1,800 SF of space suitable for retail or office use; - Property is available for lease; - Versatile space adaptable to different business needs
    (973) 379-6644
    Request Owner's contact information
    226 Morris Ave Springfield, NJ 07081
    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.
    226 Morris Ave
    Springfield, NJ 07081
    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
    226 Morris Ave Springfield, NJ 07081
    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

    We can help!
    Listing Contact
    Tamara Blau
    Tamara Blau
    Real Estate License ID: 1540828
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!