Technical
Financial
Distress signals
Property profile

860 Springfield Rd Union, NJ 07083

OFF-MARKET
Industrial properties
Property ID
US59-0180794
1.02 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 23,985-square-foot freestanding warehouse in Union, New Jersey, presents a remarkable owner-user opportunity. Situated on approximately 1.01 acres, this single-story building offers ample space for various industrial operations. The property boasts 4 loading docks and 4 dock-high doors, ensuring efficient loading and unloading. A convenient drive-in door further enhances operational flexibility. The warehouse features a generous 16-foot clear ceiling height, providing ample vertical space for storage and equipment. In addition to the expansive warehouse area, the property includes approximately 1,920 square feet of modern office space, perfect for administrative functions. Currently vacant, the property is available for occupancy starting July 1, 2024, allowing for immediate customization and move-in. Located at 860 Springfield Road, Union, NJ 07083, this property offers excellent access to major transportation routes, making it an ideal location for businesses needing efficient logistics. The property's size, features, and location combine to create a compelling investment opportunity for owner-occupiers seeking a functional and strategically located industrial space.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Construction BRICK
Lot 1.02 ac (44,388 SF)
APN 19 03409-0000-00016
UPID US59-0180794

Cap rate & NOI

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

Location

860 Springfield Rd Union, NJ 07083-8614
Union metro Census 33000 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2025
Last sale
$6.0M
1 recorded transaction
2025
$6.0M

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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