Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate
425-427 Springfield Ave 427 Berkeley Heights, NJ 07922-1082
Trust Owned
11-yr Hold
Free & Clear
Property ID
US59-2090724
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
FRAME
Total area
2,218 SF
Lot
0.21 ac (9,104 SF)
Zoning code
DD
APN
01 00208-0000-00018- 01
UPID
US59-2090724
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mortaruolo Trust · 11 yrs held
Mortaruolo Trust
since 2015
6 recorded transactions
Zoning & alternative use
DD · Berkeley Heights, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Berkeley Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berkeley Heights submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,160
Tax year 2022
Assessed value
$313,400
Assessed 2023
Previous assessed
$313,400
+0.0% YoY
Effective rate
4.20%
On assessed value
Assessed land
$170,500
Assessed improvement
$142,900
Land market value
$170,500
Improvement market value
$142,900
Total market value
$313,400
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
NONE
Stories
2
Total area
2,218 SF
Lot
0.21 ac (9,104 SF)
Zoning code
DD
APN
01 00208-0000-00018- 01
UPID
US59-2090724
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
DD · Berkeley Heights, NJ
Zoning DD · permitted uses
DD · Berkeley Heights, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berkeley Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Mortaruolo Trust
Trust
Free & Clear · 11 yrs held
Mailing address
15 MILLER RD, NEW VERNON, NJ 07976-9715
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2015
—
Mortaruolo Trust
Lynne Mortaruolo
Quit Claim Deed
related
—
Jul 15, 2015
$325,000
Berkeley Hts Center LLC
Mortaruolo Trust
Grant Deed
—
Jun 10, 2013
—
Mortaruolo,income-only Trust
Lynne M Real Estate LLC
Grant Deed
related
—
Oct 26, 2004
$1
Lynne M Real Estate LLC
Mortaruolo,anthony
Grant Deed
related
—
Aug 30, 2004
$1
Lynne M Real Estate LLC
Mortaruolo,lynne
Grant Deed
related
—
Feb 11, 2004
$1
Lynne Mortaruolo
Mortaruolo,anthony
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 425-427 Springfield Ave, Unit 427?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
