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Property profile & analytics
OFF-MARKET Estimated value $830,000
Parking lots & garages

1724 Springfield Ave 1728 Maplewood, NJ 07040-2915

0.46 ac lot
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-2097001
Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.46 ac (20,051 SF)
Zoning code PRB
APN 11 00030- 04-00137- 01
UPID US59-2097001
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
$900k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$830k
Owner & transaction history
1722 Springfield Ave LLC · 3 yrs held
1722 Springfield Ave LLC
since 2023
Last sale
$712,500
4 recorded transactions
2023
Price N/A
2012
$712,500
2009
Price N/A
1969
Price N/A
Zoning & alternative use
PRB · Maplewood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Pedestrian Retail Business (PRB Zone). (1) Permitted principal uses. (a) Retail businesses, not including pawnshops, and check cashing establishments. (b) Financial institutions. (c) Eat-in and/or takeout restaurants, not including fast-food restaurants. (d) Dwellings. (e) Offices. (f) Professional offices. (g) Businesses that are primarily instructional. (h…

Zone name Pedestrian Retail Business
General category COMMERCIAL
Zone area 24.94 ac
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