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Property profile

1 Deforest Ave Summit, NJ 07901

OFF-MARKET
Other commercial real estate
Property ID
US59-2078669
6,220 SF 1.36 ac lot Built 2012
Last sale Nov 2017 · $30,333,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

One Deforest is a four-story office building containing 65,037 square feet and located at 1 Deforest Avenue in Summit, New Jersey, in the downtown area within walking distance of the New Jersey Transit train station and Summit’s retail and dining. The property includes on-site property management, free on-site parking, and a fitness center with showers and lockers. A 14,444-square-foot tenant space is configured with glass offices and conference rooms, upgraded kitchen and dining areas, and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$392k
Tax billed · 2022
Assessed value · 2023$8.77M
Assessed land$940k
Assessed improvement$7.83M
Effective rate4.47%

Value estimate

· Nov 2026
$1.58M
$1.42M – $1.73M
CAP approach$1.27M
Submarket $/SF estimate$1.51M

Realmo valuation models over county records and 21 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 comparables21

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?
GW1
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 Shop9.7
Convenience Store9.2
Veterinary Clinic8.4

Location

1 Deforest Ave Summit, NJ 07901-2188
County assessor Recorded deeds · 5 transfers 21 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
97-99 Smt, Summit, NJ 07901-3614 $923,000 Feb 2026 5,300 SF
23 Smt, Summit, NJ 07901 $2,500,000 Apr 2025 6,920 SF
88 Smt, Summit, NJ 07901-3625 $7,000,000 Feb 2025 7,268 SF
96-98 Smt, Summit, NJ 07901 $1,195,000 Jul 2024 4,264 SF
353 Springfield, Summit, NJ 07901-4603 $2,850,000 Dec 2023 8,430 SF
490 Morris, Summit, NJ 07901-7500 $1,700,000 Jun 2023 5,041 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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