7,000 SF Flex
50 Springfield Ave, Springfield, NJ 07081
Premier flex facility with high vehicle capacity and operational flexibility.
Type:Commercial
Property size:
7,000 SFPrice / SF:
$300/SF- Added:
- May 14, 2026
- Days on Market:
- 17
- Last Refresh:
- May 14 at 8:30 pm
Property Features for 50 Springfield Ave
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing agent CHRISTOPHER CHIN
Listing office COLDWELL BANKER REALTY (201) 963-1400
Listing date May 14, 2026
Source Corcoran
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 COLDWELL BANKER REALTY
HighLights
- Rare 7,000 SF professional flex facility in the Springfield/Short Hills corridor.
- Unrivaled vehicle capacity with 23 total vehicle stalls (19 surface + 4 internal garages).
- Benefit from five high‑clearance drive‑in bays, including one oversized 12' door.
- Turn‑key professional wing with two private offices.
- Five distinct access points for high‑efficiency circular workflow.
- Minutes from NJ‑24, I‑78, and the GSP with significant signage opportunities.
Overview
This 7,000 SF professional flex facility is located in the Springfield/Short Hills corridor. Designed for the modern 2026 logistics landscape, the property offers vehicle capacity and operational flexibility. It features 23 total vehicle stalls, including 19 surface spaces and 4 internal garages, providing a 320% parking surplus suitable for high-staff medical clinics or fleet-heavy service contractors. Logistics are optimized with five high-clearance drive-in bays, including an oversized 12' door for high-roof Sprinter vans and four 10' bays for standard fleet vehicles. The interior includes a turn-key professional wing with two private offices, allowing management to operate alongside warehouse or showroom activities. Five distinct access points facilitate a high-efficiency circular workflow, while the flexible footprint is easily divisible for scale-up tenants between 3,000 and 5,000 SF. The high-visibility facility offers signage opportunities in a high-wealth demographic area and is located minutes from NJ-24, I-78, and the Garden State Parkway.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $189.0k | $27.00 |
| − Vacancy | −$22.7k | −$3.24 |
| EGI | $166.3k | $23.76 |
| − OpEx | −$58.2k | −$8.32 |
| NOI | $108.1k | $15.44 |
7,000 SF · lease $27.00/SF/yr · vacancy 12.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.54M
$1.35M – $1.80M
NOI $108,108 @ 7.0% cap · market cap 5.15%
Second Best
Office B
$1.53M
$1.34M – $1.79M
NOI $107,100 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,949 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Tru Form Inc
Cosmetic Store
Similar Places Nearby
- Danielle's Catering — 26 Washington Ave, Springfield, NJ 07081
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Union
- State
- New Jersey
- Longitude
- -74.3181028
- Latitude
- 40.7021552
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Premier flex facility with high vehicle capacity and operational flexibility.
Where is this flex space located?
The property is located at 50 Springfield Ave Springfield, NJ.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Rare 7,000 SF professional flex facility in the Springfield/Short Hills corridor.; Unrivaled vehicle capacity with **23 total vehicle stalls** (19 surface + 4 internal garages).; Benefit from **five high‑clearance drive‑in bays**, including one oversized 12' door.
