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Property profile & analytics
FOR LEASE
Commercial real estate
140 Mountain Ave Springfield, NJ 07081
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-0179119
For Lease
1 / 5
$2,685,000
140 Mountain Ave, Springfield, NJ 07081
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1998
Construction
CONCRETE BLOCKS
Total area
23,056 SF
Lot
0.84 ac (36,547 SF)
APN
17 01201-0000-00033
UPID
US59-0179119
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
Current use
Occupant on record · Public records
-
La Conti Lorraine PHD Physician Medical Clinic
-
Barbara S. Von Klemperer, EDD Physician Medical Clinic
-
Lisa A. Sturm, LCSW Psychotherapist
-
HNQT Accounting Firm
-
Mc Carthy Paula Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$2.69M
Owner & transaction history
Mountain Equity LLC · 1 yrs held
Mountain Equity LLC
since 2024
Last sale
$2.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,585,000
ML approach
$2,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.69M
Range $2.42M – $2.95M · ±10% · vs last sale $2.79M (Sep 29 2023)
Last sale anchor
$2.79M
Sep 29 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$116 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$81,859
Tax year 2022
Assessed value
$3,689,000
Assessed 2023
Previous assessed
$3,689,000
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$2,075,000
Assessed improvement
$1,614,000
Land market value
$2,075,000
Improvement market value
$1,614,000
Total market value
$3,689,000
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1998
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
3
Total area
23,056 SF
Lot
0.84 ac (36,547 SF)
APN
17 01201-0000-00033
UPID
US59-0179119
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
3
Lot
0.84 ac
Current owner
From public records · entity-resolved
Mountain Equity LLC
Entity
Mailing address
320 ROEBLING ST #901, BROOKLYN, NY 11211-6651
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2024
—
Mountain Equity LLC
Mountain Equity LLC
Deed
related
—
Sep 29, 2023
$2,790,000
Mountain Equity LLC
World Associates LLC
Deed
$2,092,500 · Atlantic FCU
Aug 3, 2021
—
World Associates LLC
—
Deed
related
$2,100,000 · 1st Constitution Bank
Sep 13, 2002
—
World Associates LLC
Eic Associates INC
Grant Deed
$1,912,500 · Independence Community Bank
Jan 14, 2002
—
J M F J Realty
J M F J Realty
Quit Claim Deed
related
$120,000 · Commerce Bank Shore NA
—
—
World Associates LLC
—
Deed Of Trust
related
$2,600,000 · Sovereign Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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