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

    99 Morris Ave Unit 302 Springfield, NJ 7081

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,917 /Mo

    974 SF office space for rent, utilities included.

    Type:Commercial
    Property size:
    974 SF
    Added:
    Mar 19, 2026
    Days on Market:
    29
    Last Refresh:
    Apr 1 at 8:57 pm

    Property Features for 99 Morris Ave Unit 302

    General Information

    Standard status
    Active
    Size
    974 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1976

    We can help!

    Listing Contact
    LOUIS HRIBIK

    Listing agent LOUIS HRIBIK

    Listing office COLDWELL BANKER REALTY

    Listing date Mar 19, 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

    Overview

    Office Space with Utilities Included

    This office space, approximately 974 square feet, is available for rent. The lease rate is quoted at $18.00 per rentable square foot on a full service basis, with utilities included. The rentable square footage incorporates a 31% common area load factor. This factor accounts for shared building areas such as hallways, restrooms, the lobby, mechanical areas, and other common facilities. Final rental amounts are calculated based on this rentable square footage.
    Location Intelligence

    Current Use by Public Records

    John Justice Of The Peace Mega-Aides Home Health ... Home Health Care Service JBI Engineering Engineer The Roth Agency Insurance Agency International Longshoremen's Advocacy Group

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.3058582
    Latitude
    40.7093966

    Nearby Similar for Lease

    • Contact for pricing

      Renovated Office Suite For Rent

      Move-in ready, furnished or unfurnished office suite with utilities included.
      11 Dundar Rd, Springfield Twp., NJ 07081-3513
      View Details
    • $2,250,000/mo

      Premier Flex Facility in Springfield

      7,000 SF flex facility with high vehicle capacity.
      50 Springfield Ave, Springfield Twp., NJ 07081
      View Details
    • Contact for pricing

      Renovated Office Suite For Rent

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

      Professional Office Building in Springfield

      Versatile office spaces available in Springfield, New Jersey.
      99 Morris Ave Unit 201, Springfield Twp., NJ 07081
      View Details
    • Contact for pricing

      Professional Office Building in Springfield

      Versatile office leasing opportunity in Springfield, New Jersey.
      99 Morris Ave Unit 102, Springfield Twp., NJ 07081
      View Details
    • Contact for pricing

      Professional Office Building in Springfield

      Versatile office spaces available in Springfield, New Jersey.
      99 Morris Ave Unit 104, Springfield Twp., NJ 07081
      View Details
    • Contact for pricing

      Professional Office Building in Springfield

      Versatile leasing opportunity in a three-story office building.
      99 Morris Ave Unit 301, Springfield Twp., NJ 07081
      View Details
    • Contact for pricing

      Professional Office Building in Springfield

      Versatile office spaces available for lease in Springfield, New Jersey.
      99 Morris Ave Unit 304, Springfield Twp., NJ 07081
      View Details
    • Contact for pricing

      Office Space in Professional Building

      1300 sq ft office space available February 2026.
      110 Hillside Ave, Springfield Twp., NJ 07081
      View Details
    • Contact for pricing

      Professional Office Building in Springfield

      Versatile leasing opportunity in Springfield, New Jersey.
      99 Morris Ave Unit 204, Springfield Twp., NJ 07081
      View Details
    • $202/mo

      Professional Office Building in Springfield

      Versatile office spaces available in central Springfield location.
      99 Morris Ave Unit 205, Springfield Twp., NJ 07081
      View Details
    • Contact for pricing

      Springfield Office Unit For Rent

      Office unit for rent in Springfield, NJ. Utilities included.
      91 Morris Ave Unit 200, Springfield Twp., NJ 07081
      View Details

    FAQs

    What type of property is this?
    Office units - 974 SF office space for rent, utilities included.
    Where is this office units located?
    The property is located at 99 Morris Ave Unit 302 Springfield, NJ.
    What is the lease rate?
    The lease rate is $1,917 /Mo.
    What are key features of this property?
    This property features: Utilities included in lease.; Lease rate of $18.00 per rentable square foot.; Full service lease basis.
    (908) 735-8080
    We can help!
    Listing Contact
    LOUIS HRIBIK
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!