0 Us-22 Springfield, NJ 07081
This Springfield, NJ property offers a 4,000 square foot freestanding building ideal for cannabis cultivation. The space includes 2,500 square feet dedicated to cultivation, already equipped with approved civil engineering, floor plans, HVAC and electrical plans, along with secured municipal zoning approval and a state license. An additional 1,500 square feet is available for manufacturing, packaging, storage, and office use. The building has undergone recent renovations. While the cultivation area is 2,500 square feet, this smaller footprint allows for precise plant management, potentially leading to higher-quality cannabis and premium pricing. The property's location in Union County, New Jersey provides access to local markets. Note that the new tenant will be responsible for completing construction and obtaining necessary licenses. The property is located at a US-22 address in Springfield, NJ, 07081. This presents a unique opportunity for cultivators seeking a well-positioned, partially developed facility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.