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Property profile & analytics

491 Springfield Ave Berkeley Heights, NJ 07922-1111

  • Commercial real estate
  • 7,088 SF
  • 0.26 lot acres
OFF-MARKET
Value Estimations
$865,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US59-3015056
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 491 Springfield Ave

Year built
1935
Construction
CONCRETE BLOCKS
Lot size
0.26 lot acres
Property size
7,088 SF
Zone code
DD
Property type
Commercial real estate
APN
01 00206-0000-00013
APU
100206000000013

Description

This exceptional retail space, located at 491 Springfield Avenue in the heart of Downtown Berkeley Heights, New Jersey, offers a unique opportunity for a discerning business owner. The property boasts a versatile 1,600 to 1,800 square foot layout, currently configured as a turnkey tile store, complete with an attached garage. Its prime location on Springfield Avenue ensures high visibility and significant foot traffic. The property is zoned for commercial use and is conveniently situated near major transportation arteries, including I-78 and US-22, as well as public transportation options such as train and bus lines, ensuring easy accessibility for both employees and customers. Situated in Union County within the North Jersey submarket and the Downtown Berkeley Heights submarket cluster, this property benefits from a thriving local economy and a strong residential base. The existing tile store setup provides a ready-to-use space, minimizing initial setup costs and allowing for a quick start to operations. This is an ideal opportunity for a business seeking a well-established location with excellent visibility and convenient access to major transportation routes. The property's size and configuration offer flexibility for a variety of retail uses. The inclusion of a garage adds significant value and utility. This property presents a compelling investment opportunity in a desirable and high-traffic area. The zip code is 07922.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,086,000
    Market price range: $1.09M - $2.62M
    AI Estimate
    $543,000
    Market price range: $543k - $1.66M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Berkeley Heights
County
Union
State
New Jersey
Longitude
-74.4416
Latitude
40.6842
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$17,829
$180,500
$244,100
$424,600
-
$180,500
$244,100
$424,600
More about this property
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