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    535 Springfield Ave Summit, NJ 07901

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    For Lease
    Contact for pricing

    Premier office building in Summit, New Jersey, with 21,968 SF.

    Property size:
    21,968 SF
    Lot size:
    1.81 Acres

    Property Features for 535 Springfield Ave

    General Information

    Size
    21,968 SF
    Lot size
    1.81 Acres

    Source: Avison Young | Morristown Agent William (Bill) E. McCaffrey

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

    Overview

    Class A Office Space Summit

    Located in Summit, New Jersey, 535 Springfield Avenue is a Class A office building offering 21,968 square feet of high-quality office space. The modern property has a total area of 43,659 square feet. Construction is complete, featuring new mechanical systems and facade. The building provides 24/7 access, building and monument signage, and a doctor’s parking lot. An on-site property manager is available. The property is fully ADA accessible and features institutional ownership. Private parking is located beneath and adjacent to the building.
    Insight Report Location Intelligence

    Current Use by Public Records

    Alterra Assisted Living Facility Markel Insurance Company Pennant Investors, LP Financial Institution BI WORLDWIDE New ... Marketing Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Summit
    County
    Union
    State
    New Jersey
    Longitude
    -74.3637302
    Latitude
    40.7170111

    Nearby Similar for Lease

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    • $23 SF/Yr
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      Renovated Bi-Level Four-Bedroom Unit

      Newly renovated four-bedroom unit near Summit train station.
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    FAQs

    What type of property is this?
    Office building - Premier office building in Summit, New Jersey, with 21,968 SF.
    Where is this office building located?
    The property is located at 535 Springfield Ave Summit, NJ.
    What are key features of this property?
    This property features: - Premier Class A office building in the heart of Summit, New Jersey.; - Available high-quality office space: **21,968 square feet**.; - **Private parking** beneath and adjacent to the building.
    (201) 826-8861
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    535 Springfield Ave 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
    535 Springfield Ave Summit, NJ 07901
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