Financial
Distress signals
Property profile

447 Springfield Ave Berkeley Heights, NJ 07922

OFF-MARKET
Other commercial real estate
Property ID
US59-0178479
1.13 ac lot Built 1956
Last sale Dec 2025 · $2,275,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a single-tenant commercial building configured for leasing, with an area of 1,818 square feet. It has been operated under a net lease structure consistent with NNN-style responsibilities, where the tenant has been responsible for real estate taxes, insurance, and ongoing repairs and maintenance, including roof and structural repairs. Historically, the building has been leased to Citizens Bank, formerly Investors Bank.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$25k
Tax billed · 2022
Assessed value · 2023$595k
Assessed land$371k
Assessed improvement$223k
Effective rate4.20%

Value estimate

· Sep 2026
$410k
$369k – $451k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$248/SF
County average, outlier-cleaned · 826 recorded sales of this use type
Observed band · Q1–Q3$153 – $369

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
DD
The purpose of this zone is to foster a vibrant downtown area by permitting a mix of uses. It allows for a variety of retail sales, perso...
General categoryMIXED_USE
JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.5
Auto Parts Store9.3
Law Firm9.2

Location

447 Springfield Ave Berkeley Heights, NJ 07922
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
230 Sherman, Berkeley Heights, NJ 07922-1171 $1,125,000 Nov 2023 No data
144 Smt, Berkeley Heights, NJ 07922-1148 $575,000 Sep 2023 1,497 SF
134 Snyder, Berkeley Heights, NJ 07922-1101 $485,000 Apr 2023 1,764 SF
221 Sherman, Berkeley Heights, NJ 07922-1173 $2,050,000 Jan 2023 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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