Realmo Analytics

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Financial
Distress signals
Property profile

268 Morris Ave Springfield, NJ 07081

OFF-MARKET
Commercial real estate
Property ID
US59-1579799
3,024 SF 0.83 ac lot Built 1934
Last sale Jun 2020 · $950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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?
$18k
Tax billed · 2022
Assessed value · 2023$804k
Assessed land$566k
Assessed improvement$238k
Effective rate2.22%

Value estimate

· Oct 2026
$975k
$878k – $1.07M
CAP approach$615k
Submarket $/SF estimate$992k

Realmo valuation models over county records and 34 qualifying comparable sales.

Recently sold

What actually traded nearby?
$261/SF
ZIP average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$139 – $357
Qualifying comparables34

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

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant24.0
Wholesale Shop23.6
Storage Facility21.3

Location

268 Morris Ave Springfield, NJ 07081-1296
County assessor Recorded deeds · 1 transfer 34 qualifying comp sales Zoning catalog · not on file

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
302 Morris, Springfield, NJ 07081-1205 $450,000 May 2025 3,414 SF
352 Morris, Springfield, NJ 07081 $925,000 Apr 2024 2,592 SF
25 Morris, Springfield, NJ 07081-1404 $890,000 Feb 2024 2,048 SF
272 Morris, Springfield, NJ 07081-1214 $900,000 Aug 2023 2,506 SF
649 Morris, Springfield, NJ 07081-1526 $1,075,000 Jun 2023 3,715 SF
52 Millburn, Springfield, NJ 07081-1015 $999,999 Jan 2023 4,908 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
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