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Property profile & analytics
OFF-MARKET Estimated value $910,000
Commercial real estate

1844 Springfield Ave 46 Maplewood, NJ 07040-2971

5,872 SF 0.11 ac lot Built 1926
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US59-2787684
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1926
Total area 5,872 SF
Lot 0.11 ac (5,001 SF)
Zoning code PRB
APN 11 00028- 05-00169
UPID US59-2787684
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
  • Thee Event Room, LLC Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$910k
CAP Approach CAP
$1.25M
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$910k
Owner & transaction history
Zena Ventures LLC · 2 yrs held
Zena Ventures LLC
since 2024
Last sale
$910,000
2 recorded transactions
2024
$910,000
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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