Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1135 Springfield Rd Union, NJ 07083-8120
    Back to Search
    Property profile & analytics

    1135 Springfield Rd, Union, NJ 07083-8120

    View on Map
    • Industrial properties
    • 5.21 lot acres
    Off-Market
    Property ID
    US59-2495287
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1135 Springfield Rd

    Construction
    TYPE NOT SPECIFIED
    Lot size
    5.21 lot acres
    Property type
    Industrial properties
    APN
    19 03701-0000-00004
    APU
    1903701000000004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2021 — Jmdh Real Estaet Of Union LLC — Deed · related $360M · Ctl Lending Group LLC
    Feb 24, 2010 $8,300,000 Jmdh Real Estate Union LLC 2020 Properties LLC Grant Deed —
    Mar 3, 2009 $9,450,000 2020 Properties LLC New Vistas Corp Grant Deed —
    Jun 2, 2006 $9,310,000 Joseph Zippo Duerr Tool & Die Co INC Grant Deed $6.5M · Sun National Bank
    Dec 16, 1999 — Duerr Tool & Die Co INC — Deed Of Trust · related $6.8M · First Union National Bank
    Dec 1, 1999 — Duerr Tool & Die Company INC Duerr Tool & Die Company INC Quit Claim Deed · related —
    Mar 31, 1999 $1,800,000 Duerr Tool & Die Co INC German American Sport Club Hol Grant Deed —
    — — Puffy Clouds Of Horizon INC — Deed Of Trust · related $3M · Sun National Bank
    — — Jmdh Real Estate Of Union LLC — Deed Of Trust · related $5.5M · J P Morgan Chase Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Union
    State
    New Jersey
    Longitude
    -74.3018
    Latitude
    40.6961
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $255,363
    $0.00
    $0.00
    $1,220,900
    -
    $340,400
    $959,600
    $1,300,000

    Comparable in this City

    • Value Estimation by Request
      0.39 Acres

      939 Rahway Ave

      INDUSTRIAL (GENERAL)
      939 Rahway Ave, Union, NJ 07083-6549
      View Details
    • Value Estimation by Request
      0.74 Acres

      1630 Vauxhall Rd

      INDUSTRIAL (GENERAL)
      1630 Vauxhall Rd, Union, NJ 07083-3409
      View Details
    • Value Estimation by Request
      0.54 Acres

      5 Iorio St

      INDUSTRIAL (GENERAL)
      5 Iorio St, Union, NJ 07083
      View Details
    • Value Estimation by Request
      0.44 Acres

      731 Lehigh Ave

      INDUSTRIAL (GENERAL)
      731 Lehigh Ave, Union, NJ 07083-7626
      View Details
    • Value Estimation by Request
      0.32 Acres

      521 Lehigh Ave

      INDUSTRIAL (GENERAL)
      521 Lehigh Ave, Union, NJ 07083-7995
      View Details
    • Value Estimation by Request
      100 SF

      941 Ball Ave

      INDUSTRIAL (GENERAL)
      941 Ball Ave, Union, NJ 07083-8729
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Retail Investment Opportunity

      Two commercial retail spaces in Union's bustling downtown.
      1306 Stuyvesant Ave, Union, NJ 07083
      View Details
    • Contact for pricing
      12,534 SF

      Union Office Building For Sale

      Office building with 12,534 square feet of space.
      1767 Us Highway 22 W, Union, NJ 07083
      View Details
    • Contact for pricing
      1.55 Acres

      Union, NJ Retail Space - Prime Location

      Busy Strip Mall, 1450 sq ft, Excellent Visibility
      1331 Magie Ave Store Front, Union, NJ 07083
      View Details
    • $1,049,000
      Pending

      Renovated Two-Family Home in Union

      Spacious, renovated two-family home with modern updates and flexible living.
      859 Dewey St, Union, NJ 07083
      View Details
    • Contact for pricing

      Liquor License Included

      Commercial property with liquor license for sale.
      1200 Morris Ave, Union, NJ 07083
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Union Industrial Spaces Available

      Industrial spaces available for lease in Union, New Jersey.
      1080 Garden State Rd, Union, NJ 07083
      View Details
    • Contact for pricing

      Industrial Facility Near I-78

      Industrial facility with convenient access to major highways.
      650 Liberty Ave, Union, NJ 07083
      View Details
    • Contact for pricing

      Distribution Hub Near Turnpike Exit

      Optimal location for local and regional distribution near major highways.
      750 Union Ave, Union, NJ 07083
      View Details
    • Contact for pricing

      Refurbished Flex-Warehouse Unit in Union

      Newly refurbished flex-warehouse unit with high ceilings and drive-in doors.
      515 Lehigh Ave, Union, NJ 07083
      View Details
    • Contact for pricing
      49,500 SF

      Industrial Space with HVAC

      49,500 SF industrial space featuring HVAC and ample power.
      2389 Vauxhall Rd, Union, NJ 07083
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1135 Springfield Rd
    Union, NJ 07083-8120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1135 Springfield Rd, Union, NJ, 07083
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!