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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Commercial real estate
955 Springfield Ave Springfield, NJ 07081-3570
Individually Owned
Absentee Owner
Free & Clear
Property ID
US59-2517361
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1998
Total area
4,996 SF
APN
17 04001-0000-00002- 315
UPID
US59-2517361
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
-
Tax Advocate Services Tax Department Federal Government Office
-
Zemsky Family Law, L.L.C. Law Firm
-
Fetch my Leash, LLC (Bike/Boat/Book/etc) Store Pet Store & Service
-
All County One Day Bath Renovation Specialist General Contractor
-
Marcus W. Jurema, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$845k
Owner & transaction history
Joanna M Mikros
Joanna M Mikros
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$940,000
Blend value · Realmo final
$845k
Range $761k – $930k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$169 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$268,134
Tax year 2023
Assessed value
$11,285,100
Assessed 2024
Previous assessed
$11,285,100
+0.0% YoY
Effective rate
2.38%
On assessed value
Assessed land
$4,937,200
Assessed improvement
$6,347,900
Land market value
$4,937,200
Improvement market value
$6,347,900
Total market value
$11,285,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1998
Stories
3
Total area
4,996 SF
APN
17 04001-0000-00002- 315
UPID
US59-2517361
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Stories
3
Current owner
From public records · entity-resolved
Joanna M Mikros
Individual
Free & Clear · 0 yrs held
Mailing address
820 MORRIS TPKE STE #301, SHORT HILLS, NJ 07078-2619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2025
—
Joanna M Mikros
Joanna M Mikros
Deed
related
—
Jan 9, 2024
—
Gregory V Caponegro JR
Amanda Caponegro
Intrafamily Transfer
related
—
Aug 18, 2023
—
Marissa Fischer
—
Deed
related
$17,718 · Pennymac Loan Services LLC
Dec 14, 2022
—
Josette Amhi
Josette Amhi
Intrafamily Transfer
related
—
Feb 22, 2022
—
Salvatore Antonelli III
—
Deed
related
$290,000 · Millenium Home Mortgage LLC
Aug 11, 2021
—
Christina Lee
Jung I Lee
Intrafamily Transfer
related
—
Mar 17, 2021
—
Amir A Mihammad
—
Deed
related
$299,500 · Home Point Financial Corporation
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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