Property profile

243 Morris Ave Springfield, NJ 07081

OFF-MARKET
Commercial real estate
Property ID
US59-1815369
8,858 SF 0.23 ac lot Built 1934
Individually Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1934
Construction BRICK
Total area 8,858 SF
Lot 0.23 ac (10,160 SF)
APN 17 00707-0000-00006
UPID US59-1815369

Cap rate & NOI

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

Location

243 Morris Ave Springfield, NJ 07081-1234
Springfield metro Census 37500 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
by Request
Comparable Approach Comparable
$1.48M
Blend (final) Blend
$1.12M

Owner & transaction history

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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