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    Property profile & analytics
    OFF-MARKET Estimated value $6,000,000
    Industrial properties

    860 Springfield Rd, Union, NJ 07083-8614

    1.02 ac lot
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US59-0180794
    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
    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
    $6.00M
    Owner & transaction history
    Danelis Realty IV LLC · 1 yrs held
    Danelis Realty IV LLC
    since 2025
    Last sale
    $6.0M
    1 recorded transaction
    2025
    $6.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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