You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $590,000
Commercial real estate

1496 Springfield Ave New Providence, NJ 07974-1423

2,623 SF 1.08 ac lot Built 1940
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US59-3121559
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Construction FRAME
Total area 2,623 SF
Lot 1.08 ac (47,219 SF)
Zoning code R-2
APN 11 00171-0000-00004
UPID US59-3121559
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
$535k
Comparable Approach Comparable
$587k
Blend (final) Blend
$590k
Owner & transaction history
Pangaea Associates LLC · 8 yrs held
Pangaea Associates LLC
since 2018
4 recorded transactions
2018
$995,000
2005
$950,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R-2 · New Providence, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

R2 Single-Family Residential District. Purpose. The R2 Single-Family District is a single-family residential district that is designed for single-family development in detached structures that reflect the existing patterns of development. The district comprises the majority of the land area within the Borough and much the original development dates to the po…

Zone name Single Family Residential
General category RESIDENTIAL
Zone area 1,102.66 ac
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1496 Springfield Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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