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Property profile & analytics
OFF-MARKET
Specialty properties

0 Us-22 Springfield, NJ 07081

4,000 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Total area 4,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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