Financial
Distress signals
Property profile

198 Broad St Summit, NJ 07901

OFF-MARKET
Commercial real estate
Property ID
US59-0519055
2,856 SF 0.24 ac lot
Last sale Oct 2023 · $990,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$240k
Assessed land$156k
Assessed improvement$84k
Effective rate4.28%

Value estimate

· Sep 2026
$915k
$824k – $1.01M
AI approach$960k
CAP approach$580k
Sales comparison$894k

Realmo valuation models over county records and 23 qualifying comparable sales.

Recently sold

What actually traded nearby?
$383/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$313 – $463
Qualifying comparables23

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NB
NB Neighborhood Business Zone. A. Purpose. The primary function of this zone is to offer a mix of residential uses and convenient commerc...
General categoryCOMMERCIAL
JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store9.3
Pet Grooming Service8.4
Locksmith8.2

Location

198 Broad St Summit, NJ 07901-3977
County assessor Recorded deeds · 1 transfer 23 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
355 Springfield, Summit, NJ 07901-4615 $1,275,000 Oct 2024 3,184 SF
344-346 Springfield, Summit, NJ 07901-4602 $1,485,000 Oct 2024 3,700 SF
96-98 Smt, Summit, NJ 07901 $1,195,000 Jul 2024 4,264 SF
5 Tulip, Summit, NJ 07901-2404 $800,000 Jan 2024 2,596 SF
35 Deforest, Summit, NJ 07901-2155 $1,050,000 Jul 2023 2,356 SF
502 Morris, Summit, NJ 07901-1567 $864,000 Jun 2023 3,660 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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