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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Commercial real estate
1563 Springfield Ave Maplewood, NJ 07040-2844
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1612880
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1888
Total area
2,940 SF
Lot
0.07 ac (3,184 SF)
Zoning code
SA-1
APN
11 00031- 05-00018
UPID
US59-1612880
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
-
UNBEATABLE SERVICES LLC Financial Advisor
-
FONDATION 12 JANVIER INC Charitable Organization Social Service Agency
-
Ata Consulting Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$529k
Blend (final)
Blend
$715k
Owner & transaction history
1563 Springfield Avenue Associates · 2 yrs held
1563 Springfield Avenue Associates
since 2024
Last sale
$715,000
5 recorded transactions
Zoning & alternative use
SA-1 · Maplewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The SA-1 district is established to provide standards and guidelines to implement the goals of the redevelopment plan
Zone name
Redevelopment Area 1
General category
UNKNOWN
Zone area
2.71 ac
Source
Realmo
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 Maplewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maplewood 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
$715,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $715k (May 8 2024)
Last sale anchor
$715k
May 8 2024
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
$243 / 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
$9,231
Tax year 2022
Assessed value
$261,800
Assessed 2023
Previous assessed
$261,800
+0.0% YoY
Effective rate
3.53%
On assessed value
Assessed land
$90,800
Assessed improvement
$171,000
Land market value
$90,800
Improvement market value
$171,000
Total market value
$261,800
Applied tax rate
11.0000
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
Off-Market
Year built
1888
Heating
NONE
Units
1
Total area
2,940 SF
Lot
0.07 ac (3,184 SF)
Zoning code
SA-1
APN
11 00031- 05-00018
UPID
US59-1612880
Jurisdiction
ESSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
SA-1 · Maplewood, NJZoning SA-1 · permitted uses
SA-1 · Maplewood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The SA-1 district is established to provide standards and guidelines to implement the goals of the redevelopment plan
Zone name
Redevelopment Area 1
General category
UNKNOWN
Zone area
2.71 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1888
Heating
NONE
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
1563 Springfield Avenue Associates
Entity
Mailing address
1563 SPRINGFIELD AVE, MAPLEWOOD, NJ 07040-2844
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2024
$715,000
1563 Springfield Avenue Associates
1563 Springfield LLC
Deed
$507,000 · Haven Savings Bank
Jan 18, 2018
—
1563 Psringfield LLC
—
Deed
related
$450,000 · Provident Bank
Aug 13, 2015
$122,000
1563 Springfield LLC
Federal Home Loan Mo
Grant Deed
—
Nov 12, 2014
—
Home Loan Mt Federal
Sheriff Of Essex County
Trustees Deed
related
—
Jun 16, 2004
$325,000
Marc Jacobs
Mb Dev Group LLC
Grant Deed
$260,000 · Sullivan Financial
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.
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