SOLD
260508
125 MORRIS AVE
Springfield, NJ
$7,294,000
Commercial
Property Type
Tax Assessment Analysis
Sale Price
$7,294,000
Total Assessed
$6,920,000
Sale vs. Assessed
+$374,000
(+5.4%)
Land Value
$4,000,000
Building Value
$2,920,000
Springfield Market Overview
$635,000
Median Price
92
Total Sales
+0.0%
Year over Year
Active
Market Type
📊 Investment Analysis
$51,058
Est. Monthly Rent
$53,518
Est. Mortgage
6.95% · 20% down
-$2,460
Monthly Cash Flow
8.4%
Cap Rate
-2.0%
Cash-on-Cash Return
Estimates based on 0.7% rent rule, 6.95% interest rate, 20% down payment. For illustrative purposes only.
🏘 Springfield Neighborhood Guide
38
Walk Score
Car-Dependent
45
Min to NYC
With transfer
Neighborhoods in Springfield
Baltusrol / Summit Border
$650,000 to $900,000
Best for: Families, golf enthusiasts
Henshaw / Mountain Ave
$500,000 to $700,000
Best for: Convenience seekers
South Springfield
$450,000 to $600,000
Best for: First-time buyers, value seekers
Springfield sits between two of the most expensive real estate markets in NJ — Summit to the west and Millburn/Short Hills to the north — offering comparable quality of life at 40-50% less. The township is home to Jonathan Dayton High School (named after a signer of the US Constitution), the histori...
Explore Springfield →Property Record
Address
125 MORRIS AVE, Springfield, NJ
Block / Lot
00811 / 0
Property Class
Commercial (Class 4A)
Sale Date
260508
Bruce Once
Licensed Real Estate Sales Associate
📞 Call Bruce Get Your Home Value Thinking of Selling?Interested in this area? I can show you similar properties and help you understand the market.