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Property profile & analytics
OFF-MARKET Estimated value $1,205,000
Commercial real estate

1905 Springfield Ave 9 Maplewood, NJ 07040-3419

7,692 SF 0.14 ac lot
Individually Owned 3-yr Hold Free & Clear
Property ID
US59-1943672
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 7,692 SF
Lot 0.14 ac (5,998 SF)
Zoning code PRB
APN 11 00029- 07-00243
UPID US59-1943672
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
by Request
CAP Approach CAP
$1.64M
Comparable Approach Comparable
$839k
Blend (final) Blend
$1.21M
Owner & transaction history
Walter J Ricciardi SR. · 3 yrs held
Walter J Ricciardi SR.
since 2023
1 recorded transaction
2023
$500,000
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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