Financial
Distress signals
Property profile

570 Springfield Ave Summit, NJ 07901

OFF-MARKET
Commercial real estate
Property ID
US59-1806597
33,260 SF 4.3 ac lot
Last sale Jun 2023 · $16,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$170k
Tax billed · 2022
Assessed value · 2023$3.96M
Assessed land$3.23M
Assessed improvement$737k
Effective rate4.28%

Value estimate

· Sep 2026
$14.03M
$12.62M – $15.43M
AI approach$8.81M
Submarket $/SF estimate$13.63M

Realmo valuation models over county records and 15 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 comparables15

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?
MF
Purpose. The purpose of the MF Zone is to permit multifamily residential uses at appropriate densities at locations accessible to commerc...
General categoryCOMMERCIAL
JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop11.1
Convenience Store10.9
Wholesale Shop9.9

Location

570 Springfield Ave Summit, NJ 07901-4501
County assessor Recorded deeds · 9 transfers 15 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
480 Morris, Summit, NJ 07901-1523 $3,800,000 May 2025 12,518 SF
23 Smt, Summit, NJ 07901 $2,500,000 Apr 2025 6,920 SF
40 Beechwood, Summit, NJ 07901-4601 $12,570,000 Feb 2025 20,605 SF
88 Smt, Summit, NJ 07901-3625 $7,000,000 Feb 2025 7,268 SF
350 Springfield, Summit, NJ 07901-4610 $9,800,000 Oct 2024 24,700 SF
353 Springfield, Summit, NJ 07901-4603 $2,850,000 Dec 2023 8,430 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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