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Property profile

1989 Springfield Ave 99 Maplewood, NJ 07040

OFF-MARKET
Commercial real estate
Property ID
US59-1889648
2,734 SF Built 1975
Last sale Aug 2016 · $1,525,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 0-acre lot, located at 1989 Springfield Avenue in Maplewood, New Jersey, presents a rare opportunity for investors and developers. Priced affordably at $7,000, this property offers significant potential for various projects. The property's "Other" classification suggests flexibility in its permitted use, making it suitable for a range of development possibilities. Given its location in Maplewood, NJ, the property benefits from access to local amenities, transportation…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$50k
Tax billed · 2022
Assessed value · 2023$1.36M
Assessed land$318k
Assessed improvement$1.04M
Effective rate3.66%

Value estimate

· Oct 2026
$570k
$513k – $627k
AI approach$555k
CAP approach$580k
Submarket $/SF estimate$572k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$308/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$180 – $443
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PRB
Pedestrian Retail Business (PRB Zone). (1) Permitted principal uses. (a) Retail businesses, not including pawnshops, and check cashing es...
General categoryCOMMERCIAL
JurisdictionESSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Assisted Living Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Assisted Living Facility8.8
Hotel & Motel8.7
Optical Shop8.5

Location

1989 Springfield Ave, Unit 99 Maplewood, NJ 07040-3435
County assessor Recorded deeds · 2 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1901 Springfield, Maplewood, NJ 07040-3419 $850,000 Feb 2026 3,000 SF
1563 Springfield, Maplewood, NJ 07040-2844 $715,000 May 2024 2,940 SF
10 45th, Maplewood, NJ 07040-3016 $350,000 Oct 2023 2,904 SF
1647 Springfield, Maplewood, NJ 07040-2922 $825,000 Jul 2023 2,665 SF
487 Vly, Maplewood, NJ 07040-1330 $190,000 Aug 2022 3,291 SF
1718 Springfield, Maplewood, NJ 07040-2915 $515,000 Aug 2022 2,405 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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