Property profile

44 Commerce St Springfield, NJ 07081

OFF-MARKET
Industrial properties
Property ID
US59-0222450
4,000 SF 0.58 ac lot Built 1955
Entity Owned 16-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1955
Construction CONCRETE BLOCKS
Total area 4,000 SF
Lot 0.58 ac (25,078 SF)
APN 17 03001-0000-00055
UPID US59-0222450

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
  • Hospital Equipment And Supplies Surgical Products Wholesaler
  • Medical Supply Store

Location

44 Commerce St Springfield, NJ 07081-3004
Springfield metro Census 37602 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
$690k
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 2009
5 recorded transactions
2009
$858,993
2007
Price N/A
2006
$1
2006
$25,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $815,000 +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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