Professional Flex Facility with Drive-In
For Sale
$2,100,000
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.
Property Size7,000 SF
Price / SF$300
Days on Market131
Property Features for 50 SPRINGFIELD AVE Unit 1
General Information
Standard status
Active
Size
7,000 SF
Total Parking Spaces
23
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Drive-In Doors
5
Building Details
Year Built
1965
Listing Agency:
COLDWELL BANKER REALTY
(908) 656-2635
Listed By:
CHRISTOPHER CHIN
(908) 656-2635
Source:
Xome
Added: Mar 28
Changed: Jul 10
Last Checked: Jun 15 at 6:35AM
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
Investment Insights
Based on property information with market context.
This for-sale 7,000 SF professional flex facility is built to support a combination of warehouse/showroom activity and front-office operations. The property includes a turnkey professional wing with two private offices, with the remainder of the space configured for flexible operational use. Exterior access supports logistics and workflow with five high-clearance drive-in bays, including one oversized 12' door for high-roof Sprinter vans and four 10' bays for standard fleet vehicles.
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.
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.
Key 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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07081, NJ
17,200
Population
6,844
Households
2.5
Avg Household Size
43
Median Age
64%
College-Educated
95%
High-School Grad
5.2 sq mi
ZIP Area
3,308
Density / Sq Mi
$146,059
Median Household Income
$70,781
Median Earnings
$2,135
Median Rent
$590,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex facility with high-clearance drive-in bays, on-site parking, and a turnkey professional office wing for mixed logistics and service use.
Where is this flex space located?
The property is located at 50 SPRINGFIELD AVE Unit 1 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: 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
