Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    17 Summer St Lodi, NJ 07644-2351

    • Commercial real estate
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Oct 12, 2022
    $525,000
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1321080
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Summer and Autumn Brunch Cafe / Brunch Restaurant / Breakfast Restaurant

    Property Details for 17 Summer St

    Year built
    1930
    Construction
    BRICK
    Lot size
    0.06 lot acres
    Property type
    Commercial real estate
    APN
    31 00091-0000-00037- 01
    APU
    310009100000003701

    Description

    This exceptional investment opportunity presents a unique property located at 17 Summer Street in Lodi, New Jersey. Priced at $899,000, this property offers significant potential for a savvy investor. While the square footage is not currently specified, the property is classified as "Other," suggesting a versatile use case that could accommodate a variety of commercial ventures. The lot size is listed as zero acres, indicating a likely smaller footprint, ideal for businesses that don't require extensive outdoor space. The property's address, 17 Summer Street, places it within the Lodi, NJ market, offering access to the area's established infrastructure and potential customer base. Given the lack of detailed information regarding the property's specific features and current condition, a thorough due diligence process is strongly recommended for any prospective buyer. This includes, but is not limited to, a comprehensive property inspection, review of relevant zoning regulations, and assessment of potential market demand. The absence of square footage data underscores the need for a detailed on-site assessment to determine the property's suitability for intended use. This property is being offered as-is, and the buyer is responsible for all due diligence and associated costs. This presents a unique opportunity for an investor to acquire a property in a desirable location and tailor it to their specific business needs. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $590,000
      ML approach
      $575,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lodi
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.086
    Latitude
    40.8733
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12,805
    $142,700
    $249,600
    $392,300
    -
    $142,700
    $249,600
    $392,300

    Comparable in this City

    • Value Estimation by Request
      12,188 SF

      2-4 Memorial Dr

      Retail properties • 12,188 SF
      2-4 Memorial Dr, Lodi, NJ 07644
      View Details
    • Value Estimation by Request
      0.73 Acres

      316 Essex St, Unit 330

      COMMERCIAL (GENERAL) • 0.73 Acres
      316 Essex St, Lodi, NJ 07644-2702
      View Details
    • Value Estimation by Request
      1.27 Acres

      4 Hunter St

      COMMERCIAL (GENERAL) • 1.27 Acres
      4 Hunter St, Lodi, NJ 07644-1608
      View Details
    • Value Estimation by Request
      2.51 Acres

      150 Main St

      COMMERCIAL (GENERAL) • 2.51 Acres
      150 Main St, Lodi, NJ 07644-1724
      View Details
    • Value Estimation by Request
      1.13 Acres

      58 Terhune Ave

      COMMERCIAL (GENERAL) • 1.13 Acres
      58 Terhune Ave, Lodi, NJ 07644-2805
      View Details
    • Value Estimation by Request
      0.24 Acres

      25 Terhune Ave

      COMMERCIAL (GENERAL) • 0.24 Acres
      25 Terhune Ave, Lodi, NJ 07644-2153
      View Details

    Similar Nearby for Sale

    • $1,399,000

      Freestanding Medical Office Building For Sale

      Freestanding medical office building, renovated in 2009, with parking.
      47-49 Main St, Lodi, NJ 07644
      View Details
    • $1,290,000

      Profitable Car Wash Business Opportunity

      Established car wash business for sale in high-traffic location.
      75 Rte, Lodi, NJ 07644
      View Details
    • $85,000

      Residential Income Property For Sale

      Residential income property available for purchase.
      40 Poplar St, Lodi, NJ 07644
      View Details
    • $799,999

      Lodi Multifamily Investment Opportunity

      Multifamily property for sale in Lodi, New Jersey.
      356 Westminster Pl, Lodi, NJ 07644
      View Details
    • $809,900

      Two Lodi Multi-Family Homes

      Two fully rented three-family homes in Lodi, being sold together.
      82 Westervelt Pl, Lodi, NJ 07644
      View Details
    • $659,000

      Lodi Office Building - Great Investment

      Prime Lodi location, excellent office space.
      116 Terrace Ave, Lodi, NJ 07644
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Grocery-Anchored Property in Lodi, NJ

      9.38-acre retail property in dense New York City suburb.
      4 Memorial Dr, Lodi, NJ 07644
      View Details
    • $2,200 /Mo

      Lodi Office Space For Rent

      2200 sqft office space suitable for doctor's office.
      256 Harrison Ave, Lodi, NJ 07644
      View Details
    • Contact for pricing
      28,000 SF

      Industrial Space with Highway Access

      19,000 SF industrial space with excellent highway access.
      240 State Rt 17 S, Lodi, NJ 07644
      View Details
    • $2,700 /Mo

      Renovated 2-Bedroom Apartment in Lodi

      Modern, renovated 2-bedroom apartment in Lodi, NJ, ready for move-in.
      60 Sidney St, Lodi, NJ 07644
      View Details
    • $3,000 /Mo

      Inviting 2-Bed Apartment in Lodi

      Warm, comfortable 2-bed, 2-bath apartment near transportation and amenities.
      385 Passaic Ave, Lodi, NJ 07644
      View Details
    • Contact for pricing
      5,804 SF

      Medical Space Available for Lease

      Fully built-out urgent care/medical space with ample parking.
      184 Essex St, Lodi, NJ 07644
      View Details
    Request Owner's contact information
    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.
    17 Summer St
    Lodi, NJ 07644-2351
    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
    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

    Google sign-in failed. Please try again or use another login method.