599 Springfield Ave Berkeley Heights, NJ 07922
- Commercial real estate
- 5,020 SF
- 0.61 lot acres
Current Use by Public Records
- Burns & Schaffer / Attorney
- Terms Environmental / Environmental Consultant
- Genualdi Orthodontic Associates: Andrew J Genualdi DDS David Genualdi DMD / Orthodontist
- ServoMotionSolutions LLC / Industrial Equipment Supplier
Property Details for 599 Springfield Ave
- Year built
- 1978
- Lot size
- 0.61 lot acres
- Property size
- 5,020 SF
- Zone code
- HB-2
- Property type
- Commercial real estate
- APN
- 01 00610-0000-00001
- APU
- 100610000000001
Description
This exceptional 3,250 square foot office space at 599 Springfield Avenue in Berkeley Heights, New Jersey (zip code 07922) presents a unique opportunity for businesses seeking a versatile and modern workspace. The property is a single-tenant building, ideal for a company looking for complete control over its environment. Currently undergoing final renovations, the space boasts an open floor plan easily adaptable to various business needs. Multiple private offices are included, each benefiting from abundant natural light thanks to large windows. On-site parking is provided for the convenience of employees and clients. The building's functionality is further enhanced by the inclusion of two bathrooms and two secure entrances directly accessible from the parking area. The space is highly flexible and can be subdivided to accommodate specific requirements. Additional storage space is conveniently located within the building itself. This property is perfect for executive offices, medical practices, creative agencies, or co-working spaces, offering a blend of modern amenities and practical functionality in a desirable New Jersey location. The landlord is aiming for almost immediate occupancy following the completion of the final renovation touches.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,145,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $860,000
- 6.5%
- $815,000
- 7%
- $845,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $790,000
- Geo Method
- $845,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $780,000
- Retail
- $825,000
- Mixed-Use
- $880,000
- Hospitality
- $985,000
- Educational
- $945,000
- Residential Income
- $780,000
- Energy
- $860,000
- Income-Based Land
- $840,000
- Food Service
- $885,000
Location Insight
- Map
- Local Demand
- City
- Berkeley Heights
- County
- Union
- State
- New Jersey
- Longitude
- -74.4457
- Latitude
- 40.6825
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
