Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    320 Broad St Summit, NJ 07901

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,000 /Mo

    4,800 SF industrial warehouse space for lease.

    Lot size:
    0.13 Acres

    Property Features for 320 Broad St

    General Information

    Standard status
    Active
    Lot size
    0.13 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Steven Siracusa
    Source: Corcoran

    Listing Agency: COLDWELL BANKER REALTY Listing Agent: Steven Siracusa

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

    Learn more

    Overview

    Summit Industrial Warehouse Space

    Located in Summit, this second-floor industrial warehouse offers approximately 4,800 square feet of space. The unit features high ceilings and functional loading access, making it suitable for storage, light industrial, or flexible commercial use. The space includes one private office and a half bathroom. Electric and water are included in the rent. The space is unheated. A rear loading dock with double doors provides efficient loading and delivery capabilities. The property is conveniently located with access to major roadways and nearby amenities.
    Location Intelligence

    Current Use by Public Records

    Summit Forge Body ... Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Summit
    County
    Union
    State
    New Jersey
    Longitude
    -74.3561103
    Latitude
    40.7153943

    Nearby Similar for Lease

    • New
      $2,800 /Mo
      8,276 SF

      Renovated Office Space in Summit

      Beautifully renovated office space in downtown Summit City, New Jersey.
      30 Woodland Ave, Summit, NJ 07901
      View Details
    • $4,800 /Mo
      3,900 SF

      Summit City Commercial Space Available

      Retail or office space for rent in Summit City.
      458 Springfield Ave, Summit, NJ 07901
      View Details
    • New
      $2,800 /Mo

      Renovated Office Space in Summit

      Downtown Summit office space, renovated with hardwood floors and utilities.
      30 Woodland Ave, Summit, NJ 07901
      View Details
    • Contact for pricing

      Retail Storefront in Summit, NJ

      Retail storefront available for rent in Summit, New Jersey.
      Summit, NJ 07901
      View Details
    • $1,750 /Mo

      Well-Maintained Office Space for Rent

      Three-room office suite with utilities and parking included.
      45 River Rd, Summit, NJ 07901
      View Details
    • Contact for pricing
      1,500 SF

      Summit Office Space Available

      Office space for lease in Summit, New Jersey.
      17 Beechwood Rd, Summit, NJ 07901
      View Details
    • Contact for pricing
      2,034 SF

      Summit Office/Medical Space Available

      Fully built-out physical therapy center in downtown Summit.
      31 Union Pl, Summit, NJ 07901
      View Details
    • Contact for pricing
      2,400 SF

      Summit Office Space For Rent

      Office space available in Summit, walking distance to amenities.
      25 Maple St, Summit, NJ 07901
      View Details
    • Contact for pricing
      4,040 SF

      Renovated Mixed-Use Building in Summit

      Fully renovated mixed-use building in Downtown Summit's retail corridor.
      88 Summit Ave, Summit, NJ 07901
      View Details
    • $2,950 /Mo

      Office Suite Near NY Train

      Second-floor office suite with flexible layout and convenient location.
      18 Bank St, Summit, NJ 07901
      View Details
    • $5,500 /Mo

      Summit Multifamily Property for Rent

      Multifamily property available for rent in Summit, New Jersey.
      29 Euclid Ave, Summit, NJ 07901
      View Details
    • Contact for pricing
      21,968 SF

      Class A Office Space Summit

      Premier office building in Summit, New Jersey, with 21,968 SF.
      535 Springfield Ave, Summit, NJ 07901
      View Details

    FAQs

    What type of property is this?
    Warehouse - 4,800 SF industrial warehouse space for lease.
    Where is this warehouse located?
    The property is located at 320 Broad St Summit, NJ.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: - Prime Summit location in a highly desirable market.; - Approximately 4,800 sq ft of functional industrial warehouse space.; - Rear loading dock with double doors for efficient loading and deliveries.
    (908) 347-2583
    Request Owner's contact information
    320 Broad St Summit, NJ 07901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    320 Broad St
    Summit, NJ 07901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    320 Broad St Summit, NJ 07901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steven Siracusa
    Real Estate License ID: 2077645
    (908) 347-2583 (908) 522-1800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!