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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Commercial real estate
265 Springfield Ave, Summit, NJ 07901-3607
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-2827063
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1878
Construction
FRAME
Total area
7,620 SF
Lot
0.37 ac (16,161 SF)
Zoning code
R10
APN
18 02610-0000-00001
UPID
US59-2827063
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The DeBary Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.80M
CAP Approach
CAP
$1.55M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.35M
Owner & transaction history
Debary Inn 265 Springfield LLC · 5 yrs held
Debary Inn 265 Springfield LLC
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
R10 · Summit, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Summit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Summit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,870,000
ML approach
$2,795,000
CAP Approach
CAP Return
Estimation
6%
$1,675,000
6.5%
$1,545,000
7%
$1,435,000
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.26M (Jul 2 2021)
Last sale anchor
$2.26M
Jul 2 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$308 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$22,203
Tax year 2022
Assessed value
$518,400
Assessed 2023
Previous assessed
$518,400
+0.0% YoY
Effective rate
4.28%
On assessed value
Assessed land
$233,600
Assessed improvement
$284,800
Land market value
$233,600
Improvement market value
$284,800
Total market value
$518,400
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1878
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
7,620 SF
Lot
0.37 ac (16,161 SF)
Zoning code
R10
APN
18 02610-0000-00001
UPID
US59-2827063
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R10 · Summit, NJ
Zoning R10 · permitted uses
R10 · Summit, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Summit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1878
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Debary Inn 265 Springfield LLC
Entity
Mailing address
15 CHURCH STB, MILLBURN, NJ 07041-1310
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
$2,255,000
Debary Inn 265 Springfield LLC
Debary Summit LLC
Deed
—
Jun 11, 2015
—
Louis Helfer
Helfer,louis
Quit Claim Deed
related
—
Oct 13, 2009
$1,158,000
Debary Summit LLC
Debary Inn LLC
Grant Deed
—
Mar 8, 2006
—
Debary Inn LLC
Rose,hill D & Anita
Grant Deed
related
—
Feb 3, 2006
$1,770,000
Rose D H
Debary Guest House LLC
Grant Deed
—
Mar 4, 2005
$1
Debary Guest House LLC
Brown,emma P
Grant Deed
—
—
—
Debary Inn LLC
—
Deed Of Trust
related
$1,327,500 · United States Trust Co Of Ny
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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