Financial
Distress signals
Property profile

599 Springfield Ave Berkeley Heights, NJ 07922

FOR LEASE
Other commercial real estate
Property ID
US59-1548894
5,020 SF 0.61 ac lot Built 1978
Last sale Apr 2021 · $900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This property is a well-maintained office building offering newly renovated small office suites with private offices and secured access. The building includes on-site video cameras and shared/common amenities such as a conference room, bathrooms, and a kitchenette. The site provides ample on-site parking, and Wi-Fi is included as part of the building services. The suites are configured for immediate occupancy and are set up so that the tenant is responsible for rent, with utilities not separately charged.

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?
$14k
Tax billed · 2022
Assessed value · 2023$332k
Assessed land$233k
Assessed improvement$99k
Effective rate4.20%

Value estimate

· Sep 2026
$1.15M
$1.03M – $1.26M
AI approach$1.12M
CAP approach$1.02M
Submarket $/SF estimate$769k
NOI build-up
Gross scheduled income$9k
Vacancy & credit loss−$3k
Operating expenses−$2k
NOI · 706.15% cap applied$5k

Realmo valuation models over county records and 8 qualifying comparable sales.

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
Qualifying comparables8

Cap rate analysis

How does the asset earn?
706.15%
$5k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
HB-2
JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm9.6
Parking Facility9.5
Auto Parts Store9.5

Location

599 Springfield Ave Berkeley Heights, NJ 07922
County assessor Recorded deeds · 2 transfers 8 qualifying comp sales 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
134 Snyder, Berkeley Heights, NJ 07922-1101 $485,000 Apr 2023 1,764 SF
535 Springfield, Berkeley Heights, NJ 07922 $1,438,264 Jan 2019 2,552 SF
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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