Property profile

28 Commerce St Springfield, NJ 07081

OFF-MARKET
Industrial properties
Property ID
US59-3086381
8,799 SF 0.47 ac lot Built 1955
Entity Owned 17-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1955
Construction BRICK
Total area 8,799 SF
Lot 0.47 ac (20,600 SF)
APN 17 03001-0000-00059
UPID US59-3086381

Cap rate & NOI

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

Location

28 Commerce St Springfield, NJ 07081
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
$1.52M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.13M

Owner & transaction history

since 2008
4 recorded transactions
2008
$1.1M
2006
$50,000
2006
$50,000
2006
$25,000

Zoning & alternative use

Top alternative use upside
Office building $1.8M +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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