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    47 River Rd Summit, NJ 07901

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    For Sale
    Contact for pricing

    Office building with 5,924 square feet available for sale.

    Property size:
    5,924 SF
    Lot size:
    0.39 Acres

    Property Features for 47 River Rd

    General Information

    Size
    5,924 SF
    Lot size
    0.39 Acres

    Source: JLL | Parsippany Agent Kevin Sawtell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Summit Office Building For Sale

    An office building located at 47 River Rd in Summit, New Jersey, is now available for sale. The property offers 5,924 square feet of office space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Avelino Law, LLP Law Firm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Summit
    County
    Union
    State
    New Jersey
    Longitude
    -74.3754955
    Latitude
    40.7304058

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    FAQs

    What type of property is this?
    Office building - Office building with 5,924 square feet available for sale.
    Where is this office building located?
    The property is located at 47 River Rd Summit, NJ.
    What are key features of this property?
    This property features: - Office space available for sale at 47 River Rd.; - Property is an office.; - Available now.
    (973) 829-4800
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    47 River Rd Summit, NJ 07901
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    Summit, NJ 07901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    47 River Rd Summit, NJ 07901
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