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Property profile & analytics
FOR LEASE
Commercial real estate

599 Springfield Ave Berkeley Heights, NJ 07922

5,020 SF 0.61 ac lot Built 1978
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US59-1548894
Property summary
AI-generated overview

This exceptional 3,250 square foot office space at 599 Springfield Avenue in Berkeley Heights, New Jersey (zip code 07922) presents a unique opportunity for businesses seeking a versatile and modern workspace. The property is a single-tenant building, ideal for a company looking for complete control over its environment. Currently undergoing final renovations, the space boasts an open floor plan easily adaptable to various business needs. Multiple private offices are included, each benefiting from abundant natural light thanks to large windows. On-site parking is provided for the convenience of employees and clients. The building's functionality is further enhanced by the inclusion of two bathrooms and two secure entrances directly accessible from the parking area. The space is highly flexible and can be subdivided to accommodate specific requirements. Additional storage space is conveniently located within the building itself. This property is perfect for executive offices, medical practices, creative agencies, or co-working spaces, offering a blend of modern amenities and practical functionality in a desirable New Jersey location. The landlord is aiming for almost immediate occupancy following the completion of the final renovation touches.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1978
Total area 5,020 SF
Lot 0.61 ac (26,659 SF)
Zoning code HB-2
APN 01 00610-0000-00001
UPID US59-1548894
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
  • Burns & Schaffer Law Firm
  • Terms Environmental Environmental Consultant
  • Genualdi Orthodontic Associates: Andrew J Genualdi DDS David Genualdi DMD Dental Office
  • ServoMotionSolutions LLC Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.12M
CAP Approach CAP
$1.02M
Comparable Approach Comparable
$769k
Blend (final) Blend
$975k
Owner & transaction history
Morehouse Associates 599 LLC · 5 yrs held
Morehouse Associates 599 LLC
since 2021
Last sale
$900,000
2 recorded transactions
2021
$900,000
2002
Price N/A
Zoning & alternative use
HB-2 · Berkeley Heights, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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