Property profile

24 Fadem Rd 36 Springfield, NJ 07081

OFF-MARKET
Industrial properties
Property ID
US59-2088998
25,864 SF 4.11 ac lot Built 1965
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1965
Construction CONCRETE
Total area 25,864 SF
Lot 4.11 ac (179,031 SF)
APN 17 04201-0000-00005
UPID US59-2088998

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

24 Fadem Rd, Unit 36 Springfield, NJ 07081-3116
Springfield metro Census 37602 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.47M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.67M

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $5.3M +17.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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