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Property profile & analytics
OFF-MARKET
Commercial real estate
1609 Springfield Ave 19 Maplewood, NJ 07040-2413
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0070657
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1956
Total area
1,489 SF
Lot
0.2 ac (8,760 SF)
Zoning code
SA-1
APN
11 00031- 05-00001
UPID
US59-0070657
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
-
AD Holding Properties, Inc Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ad Holding Properties INC · 3 yrs held
Ad Holding Properties INC
since 2023
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$53,417
Tax year 2022
Assessed value
$1,457,900
Assessed 2023
Previous assessed
$1,457,900
+0.0% YoY
Effective rate
3.66%
On assessed value
Assessed land
$376,700
Assessed improvement
$1,081,200
Land market value
$376,700
Improvement market value
$1,081,200
Total market value
$1,457,900
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
1956
Heating
NONE
Units
1
Total area
1,489 SF
Lot
0.2 ac (8,760 SF)
Zoning code
SA-1
APN
11 00031- 05-00001
UPID
US59-0070657
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
1956
Heating
NONE
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Ad Holding Properties INC
Entity
Mailing address
4106 ULRICH TER CT, SUGAR LAND, TX 77479-4989
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
—
Ad Holdings Properties Incorpo
—
Deed
related
$250,000 · Eag Investments LLC
Mar 14, 2025
—
Ad Holdings Properties Incorporated
—
Deed
related
$2,081,250 · Affinity FCU
Mar 6, 2025
—
Ad Holdings Properties INC
—
Deed
related
$600,000 · Yield LLC
Feb 2, 2023
—
Ad Holding Properties INC
Kingward Properties INC
Deed
—
May 3, 2021
$2,775,000
Kingward Properties INC
1611 Springfield Avenue Associates
Bargain And Sale Deed
$2,081,250 · Affinity FCU
Mar 24, 2017
—
1611 Springfield Avenue Associates
—
Deed
related
$1,600,000 · New Millennium Bank
Nov 30, 2015
—
Daibes Gas 14 LLC
Lita Brothers II LLC
Grant Deed
related
—
May 1, 2014
—
Lita Brothers II LLC
Maplewood Gas LLC
Grant Deed
related
—
Apr 3, 2014
—
Maplewood Gas LLC
Daibes Gas 14 LLC
Grant Deed
related
—
Jan 9, 2004
$399,500
Daibes Gas 14 LLC
Motiva Enterprises LLC
Grant Deed
$21,000,000 · Fleet National 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.
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