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Property profile & analytics
OFF-MARKET Estimated value $1,085,000
Commercial real estate

284 Springfield Ave Berkeley Heights, NJ 07922-1240

8,470 SF 1.57 ac lot Built 1950
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-0096360
Property summary
AI-generated overview

This exceptional 8,500 square foot freestanding retail building is located at 284 Springfield Avenue in the heart of downtown Berkeley Heights, Union County, New Jersey (zip code 07922). Currently configured as a party store with equipment sales and rental, including a dedicated service and repair area, this property offers significant versatility and potential for a wide range of businesses. The building features ample outside equipment and truck parking, with potential for expansion. The existing layout is well-suited for various uses, including but not limited to: garden centers, plumbing or electrical supply businesses, general contracting firms, medical or professional service providers, or even a childcare facility. Its central downtown location provides excellent visibility and accessibility, making it an ideal opportunity for a business seeking a high-traffic area with strong community presence. The single-tenant occupancy allows for complete control and customization of the space. This property presents a unique blend of existing infrastructure and adaptable space, making it a compelling investment opportunity in a thriving New Jersey community. The property's size and location make it a highly desirable asset for a variety of commercial ventures. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Construction CONCRETE BLOCKS
Total area 8,470 SF
Lot 1.57 ac (68,563 SF)
Zoning code HB-2
APN 01 00801-0000-00026
UPID US59-0096360
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Taylor Rental Center of Berkeley Heights Party Supply Store Rental Equipment Company
  • Penske Truck Rental Car Rental Facility
  • Janies NJ Garage Door Repair Building Supply General Contractor
  • Budget Truck Rental Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$1.09M
Owner & transaction history
284 Springfield Ave LLC · 1 yrs held
284 Springfield Ave LLC
since 2025
5 recorded transactions
2025
$1.2M
2024
Price N/A
2006
$725,000
2006
Price N/A
1969
Price N/A
Zoning & alternative use
HB-2 · Berkeley Heights, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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