Property profile

374 Morris Ave Springfield, NJ 07081

OFF-MARKET
Office buildings
Property ID
US59-1899910
2,856 SF 0.17 ac lot Built 1969
Entity Owned 26-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1969
Total area 2,856 SF
Lot 0.17 ac (7,600 SF)
APN 17 00205-0000-00002
UPID US59-1899910

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Advocacy Group

Location

374 Morris Ave Springfield, NJ 07081-1106
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
$715k
Comparable Approach Comparable
$836k
Blend (final) Blend
$395k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $745,000 +28.0%

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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