50 SPRINGFIELD AVE Unit 1, Springfield, NJ 07081
Flex facility with high-clearance drive-in bays, on-site parking, and a turnkey professional office wing for mixed logistics and service use.
- Added:
- Apr 16, 2026
- Days on Market:
- 64
- Last Refresh:
- Jun 15 at 6:35 am
Property Features for 50 SPRINGFIELD AVE Unit 1
General Information
- Standard status
- Active
- Size
- 7,000 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1965
Listing agent CHRISTOPHER CHIN (908) 656-2635
Listing office COLDWELL BANKER REALTY (908) 656-2635
Listing date Apr 16, 2026
Source Xome
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
- 7,000 SF professional flex facility with a turnkey professional office wing and warehouse/showroom use potential
- Parking includes 19 surface spaces plus 4 internal garages for 23 total vehicle stalls
- Five high‑clearance drive‑in bays: one oversized 12' door and four 10' bays for standard fleet vehicles
- Two private offices in the professional wing for management alongside warehouse or showroom activities
- Zoned business; includes storage area and 60' x IRR lot dimensions
- Interior features include 3 guest facilities
Overview
Set in the Springfield/Short Hills corridor, the site provides 23 total vehicle stalls, including 19 surface spaces and 4 internal garages. The layout is designed for efficient movement with five distinct access points. Connectivity is supported by proximity to NJ-24, I-78, and the GSP.
The facility is well-suited for tenants or buyers seeking a professional-forward footprint that can accommodate fleet-based operations and on-site management. It also offers a flexible arrangement that can be divided for scale-up users at approximately 3,000–5,000 SF, depending on operating needs, while maintaining direct, practical access to the bays and parking for staff and vehicles.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Union
- State
- New Jersey
- Longitude
- -74.3181028
- Latitude
- 40.7021552
